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Investors with a lot of money to spend have taken a bullish stance on Intuit (NASDAQ:INTU).
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 INTU, 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 14 uncommon options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $559,427, and 7 are calls, for a total amount of $913,484.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $480.0 and $710.0 for Intuit, spanning the last three months.
In today's trading context, the average open interest for options of Intuit stands at 177.58, with a total volume reaching 717.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intuit, situated within the strike price corridor from $480.0 to $710.0, throughout the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
INTU | CALL | SWEEP | BULLISH | 09/20/24 | $12.0 | $11.7 | $11.7 | $700.00 | $397.8K | 536 | 352 |
INTU | PUT | TRADE | BULLISH | 01/16/26 | $74.8 | $72.2 | $73.2 | $650.00 | $366.0K | 129 | 50 |
INTU | CALL | SWEEP | BULLISH | 12/20/24 | $36.9 | $36.7 | $36.9 | $700.00 | $206.6K | 245 | 56 |
INTU | CALL | TRADE | BEARISH | 09/20/24 | $52.1 | $51.8 | $51.8 | $630.00 | $181.3K | 355 | 35 |
INTU | PUT | SWEEP | BEARISH | 08/23/24 | $6.8 | $6.4 | $6.73 | $640.00 | $61.1K | 270 | 105 |
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 US market share for small-business accounting and do-it-yourself tax-filing software.
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $721.0.
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.
Posted In: INTU