Whales Bullish on Intuit with Options Activity Revealed

Whales have taken a bullish stance on Intuit, signaling potential for upward momentum. Options activity indicates a targeted price range of $615 to $760 for the stock, attracting investor attention.

Date: 25-03-2025

AI Rating: 7

**Options Activity: Intuit's Bullish Momentum**

The report reveals a significant bullish stance from wealthy investors, often referred to as 'whales', towards Intuit (NASDAQ: INTU). This is evident from the analysis of options history, which shows that 44% of trades were initiated with bullish expectations, contrasted by 33% with bearish views.

From the recorded trades, 4 puts were executed totaling $352,183 against 5 calls amounting to $268,555. The targeted price range, driven by transaction volume and open interest, extends from $615 to $760, suggesting a positive outlook among large investors.

**Current Market Position of Intuit**

As of the latest available data, trading volume stands at 1,105,144, with the stock price at $618.72, reflecting a modest increase of 0.92%. The RSI indicators suggest that the stock may be nearing an overbought status, prompting further scrutiny by investors.

**Analyst Opinions and Price Targets**

In the past month, five professional analysts have offered insights into Intuit. The average price target is set at $707.2, with ratings from JP Morgan being particularly significant after upgrading to Overweight with a revised price target of $660. Other notable targets include Piper Sandler at $785 and Scotiabank at $600.

Overall, the options activity and the range of price targets from analysts depict a scenario that could positively influence Intuit's stock prices if the bullish momentum continues. As earnings approaches in 58 days, investors should remain vigilant regarding options trading strategies to capitalize on the anticipated movements in the stock.

Stocks: INTU