Decoding the Whales of Wall Street
Big-time investors known as “whales” are casting a shadow of doubt over Intuit‘s future prospects.
An investigatory glance into Intuit’s options history reveals the execution of 11 trades.
A deeper dive into each trade showcases a split sentiment among investors, with 18% taking a bullish stance and 27% leaning bearish.
Among these trades, there are 2 puts amounting to $55,200 and 9 calls totaling $258,250.
Projected Stock Price Movements
Scrutinizing the Volume and Open Interest within these contracts, it seems the heavy hitters are narrowing in on an expected price range of $590.0 to $640.0 for Intuit in the recent quarter.
The Strategic Dance of Volume & Open Interest
Examining the volume and open interest levels is a vital move in options trading. These metrics illuminate the liquidity and investor engagement in Intuit’s options at specified strike prices. The forthcoming data will illustrate the ebb and flow of volume and open interest for both calls and puts, tied to significant trades within a strike price spectrum from $590.0 to $640.0 over the past 30 days.
Intuit’s Options Volume and Interest Landscape Over the Last Month
Noteworthy Patterns in Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $68.4 | $65.4 | $66.7 | $640.00 | $33.3K | 852 | 28 |
The Essence of Intuit
Intuit stands tall as a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). With roots in the mid-1980s, Intuit commands the lion’s share of the US market for small-business accounting and DIY tax-filing software.
Having peeled back the layers of Intuit’s options trading patterns, our narrative pivots to the company itself, inviting a closer inspection of its current market position and performance.
Current Market Position of Intuit
- Trading at a volume of 980,452, INTU’s price has dipped by -0.99%, settling at $615.33.
- RSI readings indicate a neutral stance, oscillating between overbought and oversold territories.
- The eagerly-awaited earnings release is approximately 81 days away.
Expert Opinions on Intuit
Amidst the past month, 5 industry analysts have shared their viewpoints on this stock, projecting an average target price of $734.4.
- Barclays maintains an Overweight rating on Intuit with a price target of $740.
- JP Morgan sticks to a Neutral rating and a price target of $600 for Intuit.
- Susquehanna upholds a Positive rating with a price target of $757 on Intuit.
- Stifel advocates for a Buy rating and sets a target price of $795 for Intuit.
- B of A Securities reaffirms a Buy rating on Intuit with a target price of $780.
Options trading is a realm of increased risks and potential rewards. Discerning traders mitigate these risks through continuous learning, adaptive strategies, vigilance across multiple indicators, and a keen watch on market fluctuations. Keep abreast of the latest Intuit options movements with real-time alerts from Benzinga Pro.