Whales’ Sentiments: Intuit’s Options Under the Lens
Big spenders in the market, known as whales, have taken a notably bearish view on Intuit.
Examining the options history for Intuit (NASDAQ:INTU), 11 trades have been spotted.
By scrutinizing the details of each trade, it becomes apparent that 18% of investors opened trades with bullish expectations, while 27% took on a bearish stance.
Out of the identified trades, 2 were puts totaling $55,200 and 9 were calls amounting to $258,250.
Anticipated Price Movements
Reviewing the Volume and Open Interest in these contracts, it appears that significant players have been targeting a price range from $590.0 to $640.0 for Intuit over the previous quarter.
Evolution of Volume & Open Interest
Evaluating volume and open interest is critical in options trading. These metrics provide insights into the liquidity and investor interest in Intuit’s options at specific strike prices. The following data illustrates the changes in volume and open interest for calls and puts related to Intuit’s substantial trades within a strike price range of $590.0 to $640.0 over the past 30 days.
Intuit Options Volume And Open Interest Over the Last 30 Days
Significant 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 |
About Intuit
Intuit is a pioneer in small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Established in the mid-1980s, Intuit dominates the majority of the US market for small-business accounting and DIY tax-filing software.
After analyzing Intuit’s options trading patterns, the focus now shifts directly to the company itself, examining its current market position and performance.
Current Market Performance of Intuit
- Traded with a volume of 980,452, INTU’s price has dropped by -0.99%, currently standing at $615.33.
- RSI readings indicate the stock is currently in a neutral position between being overbought and oversold.
- The anticipated earnings release is in 81 days.
Expert Opinions on Intuit
Throughout the past month, 5 industry analysts have shared their perspectives on this stock, suggesting an average target price of $734.4.
- Barclays’ analyst has decided to maintain an Overweight rating on Intuit with a price target of $740.
- JP Morgan’s analyst has opted to maintain a Neutral rating on Intuit with a price target of $600.
- Susquehanna’s analyst upholds a Positive rating on Intuit with a price target of $757.
- Stifel’s analyst continues to recommend a Buy rating for Intuit with a price target of $795.
- B of A Securities analyst reaffirms a Buy rating on Intuit with a target price of $780.
Options trading entails higher risks and potential rewards. Skilled traders manage these risks by staying well-informed, adjusting their strategies, monitoring various indicators, and closely following market movements. Stay updated on the latest Intuit options trades through real-time alerts.
