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Investors with a lot of money to spend have taken a bullish stance on Accenture (NYSE:ACN).
And retail traders should know.
We noticed this today when the trades 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 ACN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Accenture.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $172,278, and 4 are calls, for a total amount of $978,990.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $400.0 for Accenture, spanning the last three months.
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 Accenture'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 Accenture's whale trades within a strike price range from $200.0 to $400.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACN | CALL | TRADE | NEUTRAL | 07/12/24 | $6.2 | $3.3 | $4.58 | $297.50 | $687.0K | 2.8K | 259 |
| ACN | CALL | TRADE | BULLISH | 08/16/24 | $103.7 | $100.3 | $103.69 | $200.00 | $155.5K | 5 | 10 |
| ACN | CALL | TRADE | NEUTRAL | 08/16/24 | $103.7 | $100.2 | $102.28 | $200.00 | $102.2K | 5 | 0 |
| ACN | PUT | TRADE | BEARISH | 09/20/24 | $11.0 | $10.8 | $11.0 | $305.00 | $50.6K | 526 | 0 |
| ACN | PUT | TRADE | BEARISH | 09/20/24 | $13.9 | $13.4 | $13.9 | $310.00 | $50.0K | 264 | 0 |
Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
In light of the recent options history for Accenture, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $342.6.
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 Accenture options trades with real-time alerts from Benzinga Pro.
Posted In: ACN
