Looking At Intuit's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected unusual options activity for Intuit (NASDAQ:INTU), with over 16 trades amounting to $1,132,096. The focus is on a price band between $600.0 and $900.0. Significant trades include both bearish and bullish sentiments, with the most activity around the $600 strike price. Intuit's stock is currently down -0.72% at $639.09, with neutral RSI indicators. The next earnings report is expected in 57 days.
March 25, 2024 | 8:45 pm
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NEUTRAL IMPACT
Intuit has seen significant options trading activity, indicating investor interest in price movements between $600 and $900. The stock is currently down, with neutral RSI indicators suggesting a balanced market perception.
The unusual options activity, especially the mix of bearish and bullish sentiments, suggests that investors are actively speculating on Intuit's price movements within a specific range. However, the current stock performance and neutral RSI indicators imply that the market's perception is balanced, leading to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100