Investors with a lot of money to spend have taken a bearish stance on Intuit INTU.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $36,000, and 10, calls, for a total amount of $888,800.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $280.0 to $570.0 for Intuit over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuit's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuit's substantial trades, within a strike price spectrum from $280.0 to $570.0 over the preceding 30 days.
Intuit Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | SWEEP | BULLISH | 01/19/24 | $550.00 | $443.7K | 455 | 3 |
| INTU | CALL | SWEEP | BEARISH | 01/19/24 | $550.00 | $158.4K | 455 | 333 |
| INTU | CALL | SWEEP | BEARISH | 11/17/23 | $520.00 | $59.4K | 382 | 24 |
| INTU | CALL | SWEEP | NEUTRAL | 11/17/23 | $520.00 | $54.4K | 382 | 93 |
| INTU | PUT | TRADE | BEARISH | 12/15/23 | $510.00 | $36.0K | 166 | 0 |
About Intuit
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.
Having examined the options trading patterns of Intuit, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Intuit
- Currently trading with a volume of 610,522, the INTU's price is up by 0.88%, now at $533.54.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 15 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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