Bullish Options Activity Signals Potential Move for Intuit

Investors are signaling bullish sentiment for Intuit (INTU) with significant options activity, suggesting possible upward price movement. The overall sentiment indicates confidence among traders.

Date: 21-03-2025

AI Rating: 7

Market Sentiment and Trading Activity: The report indicates that there has been a considerable bullish sentiment among investors regarding Intuit (INTU). With 66% of significant trades being bullish and only 11% bearish, this suggests a strong confidence in the stock's upward potential.

As for options trading, a total of 9 unusual trades were reported, with 6 calls totaling $303,860 and 3 puts totaling $153,490. This disparity further emphasizes the bullish outlook. The observed price range for Intuit over the last three months sits between $610.0 and $690.0, indicating that traders are positioning themselves for a move within this band.

Volume and Open Interest Analysis: The mean open interest for Intuit options trades is reported at 112.67, with a total volume of 354.00. This level of activity highlights substantial interest from investors, which could lead to increased volatility in the stock price.

Analyst Ratings and Price Targets: Analyst sentiment also reflects a generally positive outlook for Intuit. Recent ratings from various analysts indicate a range of price targets, with the average target price around $697. City Group persists with a Buy rating and a $726 target, while JP Morgan upgraded their rating to Overweight, adjusting their target to $660. Meanwhile, BMO Capital maintains an Outperform status with a target of $714, reflecting overall positive expectations for the stock.

However, it's important to note that while many factors appear positive, the RSI indicators hint that the stock may be approaching overbought levels, which could make investors cautious in the near term.

Stocks: INTU