Wealthy investors have taken a markedly bearish stance on the renowned financial software company, Intuit.
Tracing back the options history for Intuit (INTU), it was apparent that there were 11 trades observed.
Upon dissecting the details of each trade, it was evident that 18% of investors initiated trades with bullish expectations while 27% took a bearish approach.
Among the identified trades, there were 2 puts totaling $55,200 and 9 calls totaling $258,250.
Forecasted Price Movements
Delving into Volume and Open Interest in these contracts pointed towards a targeted price range of $590.0 to $640.0 for Intuit in the previous quarter.
Evolution of Volume & Open Interest
Evaluating volume and open interest is a pivotal move in options trading as it provides insights into liquidity and investor engagement in Intuit’s options at specified strike prices. The subsequent data illustrates the fluctuation in volume and open interest for both calls and puts, linked to significant trades by Intuit, within a strike price spectrum from $590.0 to $640.0 over the past 30 days.
Intuit’s Options Volume And Open Interest Over the Last 30 Days
Significant Options Activities:
| 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 |
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $69.7 | $63.2 | $66.2 | $640.00 | $33.1K | 852 | 5 |
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $68.3 | $63.6 | $65.6 | $640.00 | $32.8K | 852 | 43 |
| INTU | PUT | TRADE | NEUTRAL | 12/20/24 | $30.6 | $29.4 | $30.0 | $600.00 | $30.0K | 204 | 11 |
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $68.9 | $65.3 | $66.9 | $640.00 | $26.7K | 852 | 23 |
About Intuit
Intuit is a leading provider of 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 share for small-business accounting and DIY tax-filing software.
Following an examination of Intuit’s options trading behavior, the focus shifts directly towards the company to explore its current market position and performance.
Current Position of Intuit in the Market
- With a trading volume of 980,452, INTU’s price has decreased by -0.99%, settling at $615.33.
- Based on RSI readings, the stock is currently teetering between neutrality, neither overbought nor oversold.
- The upcoming earnings release is expected in 81 days.
Expert Opinions on Intuit
During the last month, 5 industry analysts have shared their perspectives on this stock, presenting an average target price of $734.4.
- A Barclays analyst maintains an Overweight rating on Intuit with a price target of $740.
- A JP Morgan analyst upholds a Neutral rating on Intuit with a price target of $600.
- A Susquehanna analyst sustains a Positive rating on Intuit with a price target of $757.
- Continuing their Buy rating, a Stifel analyst sets a target price of $795 for Intuit.
- In line with their evaluation, a B of A Securities analyst retains a Buy rating on Intuit, targeting a price of $780.
Options trading carries inherent risks and potential rewards. Savvy traders mitigate these risks by continuously educating themselves, adjusting strategies, monitoring various indicators, and keeping a vigilant watch on market movements. Stay informed about the latest Intuit options trades with real-time alerts.