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 75% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $179,730 and 4, calls, for a total amount of $249,298.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $250.0 to $320.0 for Accenture during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Accenture's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Accenture's substantial trades, within a strike price spectrum from $250.0 to $320.0 over the preceding 30 days.
Accenture Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACN | CALL | TRADE | BULLISH | 07/12/24 | $2.3 | $2.05 | $2.25 | $300.00 | $141.5K | 20 | 39 |
| ACN | PUT | SWEEP | BULLISH | 02/21/25 | $14.4 | $14.1 | $14.1 | $285.00 | $69.0K | 0 | 0 |
| ACN | CALL | SWEEP | BULLISH | 09/20/24 | $5.8 | $5.7 | $5.8 | $315.00 | $41.2K | 280 | 27 |
| ACN | PUT | TRADE | BEARISH | 07/26/24 | $20.8 | $19.8 | $20.47 | $320.00 | $40.9K | 6 | 5 |
| ACN | PUT | SWEEP | BULLISH | 07/19/24 | $2.3 | $1.7 | $2.25 | $295.00 | $38.2K | 425 | 372 |
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
Accenture's Current Market Status
- With a volume of 1,878,611, the price of ACN is down -2.06% at $299.44.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 83 days.
What The Experts Say On Accenture
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $341.0.
- An analyst from Citigroup persists with their Buy rating on Accenture, maintaining a target price of $350.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Accenture with a target price of $400.
- Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $300.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Accenture with a target price of $320.
- An analyst from Goldman Sachs has revised its rating downward to Neutral, adjusting the price target to $335.
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.