Financial giants have made a conspicuous bearish move on Intuit. Our analysis of options history for Intuit INTU revealed 24 unusual trades.
Delving into the details, we found 16% of traders were bullish, while 83% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $129,477, and 20 were calls, valued at $1,267,900.
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 $300.0 to $760.0 for Intuit over the last 3 months.
Analyzing Volume & Open Interest
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 $300.0 to $760.0 over the preceding 30 days.
Intuit 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BEARISH | 01/19/24 | $550.00 | $207.0K | 984 | 0 |
| INTU | CALL | TRADE | BEARISH | 01/17/25 | $660.00 | $138.6K | 24 | 21 |
| INTU | CALL | TRADE | BULLISH | 09/20/24 | $630.00 | $133.3K | 22 | 0 |
| INTU | CALL | TRADE | NEUTRAL | 04/19/24 | $590.00 | $112.9K | 97 | 0 |
| INTU | CALL | TRADE | BEARISH | 04/19/24 | $610.00 | $91.7K | 61 | 5 |
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
Intuit's Current Market Status
- With a trading volume of 465,395, the price of INTU is down by -0.22%, reaching $608.88.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 70 days from now.
What Analysts Are Saying About Intuit
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $597.6.
- An analyst from JP Morgan persists with their Neutral rating on Intuit, maintaining a target price of $470.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Intuit, targeting a price of $651.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Intuit with a target price of $625.
- In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $642.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Intuit, targeting a price of $600.
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 Intuit with Benzinga Pro for real-time 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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