Looking At Intuit's Recent Whale Trades

Looking At Intuit's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Intuit.

Looking at options history for Intuit INTU we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 76% of the investors opened trades with bullish expectations and 23% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $700,998 and 4, calls, for a total amount of $188,760.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $600.0 for Intuit over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intuit's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intuit's whale trades within a strike price range from $370.0 to $600.0 in the last 30 days.

Intuit Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
INTU PUT TRADE BULLISH 10/21/22 $370.00 $238.0K 1.7K 1.0K
INTU PUT SWEEP BULLISH 10/21/22 $370.00 $127.0K 1.7K 288
INTU PUT TRADE NEUTRAL 01/20/23 $600.00 $81.7K 53 0
INTU CALL TRADE NEUTRAL 10/21/22 $440.00 $78.8K 252 107
INTU PUT SWEEP BULLISH 10/21/22 $370.00 $67.1K 1.7K 606

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
INTU PUT TRADE BULLISH 10/21/22 $370.00 $238.0K 1.7K 1.0K
INTU PUT SWEEP BULLISH 10/21/22 $370.00 $127.0K 1.7K 288
INTU PUT TRADE NEUTRAL 01/20/23 $600.00 $81.7K 53 0
INTU CALL TRADE NEUTRAL 10/21/22 $440.00 $78.8K 252 107
INTU PUT SWEEP BULLISH 10/21/22 $370.00 $67.1K 1.7K 606

Where Is Intuit Standing Right Now?

  • With a volume of 1,012,813, the price of INTU is up 4.45% at $437.39.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 71 days.

What The Experts Say On Intuit:

  • Barclays has decided to maintain their Overweight rating on Intuit, which currently sits at a price target of $580.
  • Oppenheimer has decided to maintain their Outperform rating on Intuit, which currently sits at a price target of $516.
  • Deutsche Bank has decided to maintain their Buy rating on Intuit, which currently sits at a price target of $560.
  • Barclays has decided to maintain their Overweight rating on Intuit, which currently sits at a price target of $585.
  • Stifel has decided to maintain their Buy rating on Intuit, which currently sits at a price target of $525.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Intuit, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets