Decoding Intuit's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Intuit (NASDAQ:INTU), as evidenced by recent options activity. Benzinga's options scanner detected 10 trades, with 9 being puts and 1 call, indicating a 100% bearish sentiment. The total amount for puts is $502,660, while the call is $48,200. The target price range for these trades is $600 to $630. Intuit's stock is currently trading at $622.77, up by 1.71%, with a neutral RSI. The next earnings report is due in 15 days.
August 07, 2024 | 4:02 pm
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Significant investors have taken a bearish stance on Intuit, with 9 out of 10 recent options trades being puts. The target price range is $600 to $630. This could indicate a potential decline in Intuit's stock price in the short term.
The detection of 9 put options trades out of 10, with a total value of $502,660, indicates a strong bearish sentiment among significant investors. This suggests that these investors expect Intuit's stock price to decline in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100