Looking At Intuit's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Intuit (NASDAQ:INTU) has been noticed, indicating that someone with significant funds expects the stock to decline. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The big players have been eyeing a price window from $330.0 to $570.0 for Intuit during the past quarter. The current price of INTU is $518.25, with the stock being neutral between overbought and oversold.
November 08, 2023 | 5:31 pm
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A large bearish position has been taken on Intuit, indicating a potential decline in the stock's price. The sentiment among big-money traders is 70% bearish.
The large bearish position taken on Intuit indicates that someone with significant funds expects the stock to decline. This, coupled with the overall bearish sentiment among big-money traders, suggests a potential negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100