Whales with a lot of money to spend have taken a noticeably bullish stance on Accenture.
Looking at options history for Accenture (NYSE:ACN) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 12% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $650,868 and 4, calls, for a total amount of $519,482.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $190.0 to $320.0 for Accenture over the recent three months.
Analyzing Volume & Open Interest
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 $190.0 to $320.0 in the last 30 days.
Accenture Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACN | PUT | TRADE | BULLISH | 08/16/24 | $10.3 | $9.9 | $10.0 | $280.00 | $300.0K | 184 | 1 |
| ACN | CALL | SWEEP | NEUTRAL | 01/16/26 | $111.6 | $108.4 | $110.01 | $190.00 | $219.8K | 37 | 20 |
| ACN | CALL | SWEEP | BEARISH | 01/16/26 | $111.6 | $107.7 | $108.44 | $190.00 | $216.8K | 37 | 0 |
| ACN | PUT | SWEEP | NEUTRAL | 06/21/24 | $11.4 | $11.0 | $11.2 | $290.00 | $184.8K | 554 | 2 |
| ACN | PUT | SWEEP | NEUTRAL | 06/21/24 | $11.4 | $11.1 | $11.2 | $290.00 | $131.1K | 554 | 2 |
About Accenture
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.
Having examined the options trading patterns of Accenture, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Accenture Standing Right Now?
- With a volume of 1,777,408, the price of ACN is up 1.28% at $285.92.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 6 days.
What Analysts Are Saying About Accenture
In the last month, 5 experts released ratings on this stock with an average target price of $349.8.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Accenture with a target price of $350.
- An analyst from TD Cowen persists with their Hold rating on Accenture, maintaining a target price of $294.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Accenture with a target price of $365.
- An analyst from Guggenheim has revised its rating downward to Buy, adjusting the price target to $395.
- An analyst from Baird persists with their Neutral rating on Accenture, maintaining a target price of $345.
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 Accenture with Benzinga Pro for real-time alerts.