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Investors with a lot of money to spend have taken a bearish stance on Intuit (NASDAQ: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 27% bullish and 72%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,400, and 10, calls, for a total amount of $898,637.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $650.0 and $725.0 for Intuit, spanning the last three months.
In terms of liquidity and interest, the mean open interest for Intuit options trades today is 87.4 with a total volume of 2,910.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Intuit's big money trades within a strike price range of $650.0 to $725.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
INTU | CALL | SWEEP | BEARISH | 04/19/24 | $725.00 | $363.6K | 0 | 2.3K |
INTU | CALL | SWEEP | BEARISH | 04/26/24 | $660.00 | $100.7K | 0 | 100 |
INTU | CALL | SWEEP | BEARISH | 04/26/24 | $660.00 | $100.1K | 0 | 50 |
INTU | CALL | SWEEP | BULLISH | 05/03/24 | $660.00 | $60.0K | 0 | 26 |
INTU | CALL | SWEEP | BEARISH | 04/19/24 | $725.00 | $52.1K | 0 | 298 |
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.
Following our analysis of the options activities associated with Intuit, we pivot to a closer look at the company's own performance.
In the last month, 5 experts released ratings on this stock with an average target price of $731.0.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intuit options trades with real-time alerts from Benzinga Pro.
Posted In: INTU