Whales with a lot of money to spend have taken a noticeably bearish stance on Accenture.

Looking at options history for Accenture (NYSE:ACN) we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $260,055 and 3, calls, for a total amount of $120,743.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $320.0 and $380.0 for Accenture, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Accenture's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Accenture's significant trades, within a strike price range of $320.0 to $380.0, over the past month.

Accenture Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Accenture

After a thorough review of the options trading surrounding Accenture, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Accenture

• With a volume of 2,228,852, the price of ACN is up 1.22% at $356.29.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 78 days.

Expert Opinions on Accenture

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $376.6.

Unusual Options Activity Detected: Smart Money on the Move

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Accenture with Benzinga Pro for real-time alerts.