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Intuit Unusual Options Activity For May 16

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Deep-pocketed investors have adopted a bearish approach towards Intuit (NASDAQ:INTU), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTU usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 8 extraordinary options activities for Intuit. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 12% leaning bullish and 75% bearish. Among these notable options, 2 are puts, totaling $56,030, and 6 are calls, amounting to $291,835.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $800.0 for Intuit over the recent three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuit’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuit’s substantial trades, within a strike price spectrum from $470.0 to $800.0 over the preceding 30 days.

Intuit Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
INTU CALL SWEEP BEARISH 06/21/24 $10.3 $9.9 $9.65 $700.00 $56.1K 445 274
INTU CALL TRADE BEARISH 06/21/24 $23.6 $23.3 $23.3 $660.00 $55.9K 348 25
INTU CALL TRADE BEARISH 12/20/24 $67.9 $66.5 $66.5 $660.00 $53.2K 76 8
INTU CALL SWEEP BEARISH 12/19/25 $66.0 $64.1 $64.1 $800.00 $51.2K 1 13
INTU CALL SWEEP NEUTRAL 05/17/24 $7.2 $6.5 $6.43 $650.00 $38.2K 578 294

About Intuit

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and do-it-yourself tax-filing software.

Following our analysis of the options activities associated…

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