Intuit Unusual Options Activity For March 30

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 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $103,511 and 8, calls, for a total amount of $1,599,909.

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 $470.0 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 $470.0 in the last 30 days.

Intuit Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
INTU CALL TRADE BULLISH 04/14/23 $370.00 $700.0K 0 100
INTU CALL SWEEP BEARISH 06/16/23 $460.00 $510.0K 203 250
INTU CALL SWEEP BULLISH 06/16/23 $400.00 $116.3K 335 109
INTU CALL TRADE BULLISH 04/21/23 $420.00 $99.5K 669 58
INTU CALL SWEEP BEARISH 07/21/23 $450.00 $63.8K 214 109

Where Is Intuit Standing Right Now?

  • With a volume of 742,200, the price of INTU is up 1.26% at $438.73.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 54 days.

What The Experts Say On Intuit:

  • Keybanc has decided to maintain their Overweight rating on Intuit, which currently sits at a price target of $475.
  • UBS downgraded its action to Neutral with a price target of $430

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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