Financial giants have made a conspicuous bullish move on Intuit. Our analysis of options history for Intuit (NASDAQ:INTU) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $87,250, and 5 were calls, valued at $495,442.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $500.0 to $625.0 for Intuit during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Intuit'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 Intuit's whale activity within a strike price range from $500.0 to $625.0 in the last 30 days.
Intuit Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BULLISH | 06/21/24 | $22.0 | $18.8 | $22.0 | $570.00 | $323.4K | 457 | 9 |
| INTU | CALL | TRADE | BULLISH | 01/17/25 | $86.9 | $86.9 | $86.9 | $550.00 | $69.5K | 150 | 6 |
| INTU | CALL | SWEEP | BEARISH | 01/17/25 | $89.9 | $87.3 | $87.31 | $550.00 | $52.3K | 150 | 0 |
| INTU | PUT | TRADE | BEARISH | 01/16/26 | $54.5 | $50.1 | $54.5 | $560.00 | $32.7K | 6 | 5 |
| INTU | PUT | TRADE | NEUTRAL | 06/21/24 | $29.5 | $25.1 | $27.3 | $625.00 | $27.3K | 1 | 9 |
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 US market share for small-business accounting and do-it-yourself tax-filing software.
After a thorough review of the options trading surrounding Intuit, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Intuit
- With a volume of 530,864, the price of INTU is up 5.38% at $597.2.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 71 days.
Professional Analyst Ratings for Intuit
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $739.4.
- An analyst from Jefferies persists with their Buy rating on Intuit, maintaining a target price of $770.
- An analyst from B of A Securities has decided to maintain their Buy rating on Intuit, which currently sits at a price target of $730.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Intuit with a target price of $757.
- An analyst from Stifel persists with their Buy rating on Intuit, maintaining a target price of $690.
- An analyst from Wells Fargo persists with their Overweight rating on Intuit, maintaining a target price of $750.
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.