A whale with plenty of money to spend has adopted a noticeably bearish stance Accenture.
View option history for Accenture ACN We spotted 10 weird trades.
If we look at the specifics of each trade, it is correct to note that 30% of investors opened trades with bullish expectations and 70% with bearish expectations.
Of the total trades detected, 8 are puts totaling $334,780 and 2 are calls totaling $68,910.
What is the course objective?
Considering the volume and open interest in these contracts, it appears that the whales have been targeting a price range of $260.0-$310.0 for Accenture over the past 3 months.
Volume and open interest development
Looking at volume and open interest is an insightful way to do due diligence on a stock.
This data can help you track liquidity and interest for Accenture’s options at a given strike price.
Below we can see the evolution of volume and open interest of calls/puts for all Accenture whale activity within a strike price range of $260.0-$310.0 over the last 30 days.
Accenture option volume and open interest over the last 30 days
Biggest options discovered:
| symbol | PUT/CALL | commercial type | feeling | Ext. date | exercise price | total commercial price | open interest | volume |
|---|---|---|---|---|---|---|---|---|
| ACN | PLACE | ACT | NEUTRAL | 09/23/22 | $280.00 | $63,200 | 497 | 311 |
| ACN | PLACE | ACT | BULLISH | 09/23/22 | $280.00 | $47,500 | 497 | 162 |
| ACN | PLACE | ACT | NEUTRAL | 09/23/22 | $280.00 | $47,000 | 497 | 112 |
| ACN | PLACE | ACT | BULLISH | 09/23/22 | $280.00 | $42,700 | 497 | 62 |
| ACN | PLACE | SWEEP | BEARY | 11/18/22 | $270.00 | $40,200 | 157 | 33 |
| symbol | PUT/CALL | commercial type | feeling | Ext. date | exercise price | total commercial price | open interest | volume |
|---|---|---|---|---|---|---|---|---|
| ACN | PLACE | ACT | NEUTRAL | 09/23/22 | $280.00 | $63,200 | 497 | 311 |
| ACN | PLACE | ACT | BULLISH | 09/23/22 | $280.00 | $47,500 | 497 | 162 |
| ACN | PLACE | ACT | NEUTRAL | 09/23/22 | $280.00 | $47,000 | 497 | 112 |
| ACN | PLACE | ACT | BULLISH | 09/23/22 | $280.00 | $42,700 | 497 | 62 |
| ACN | PLACE | SWEEP | BEARY | 11/18/22 | $270.00 | $40,200 | 157 | 33 |
Where is Accenture right now?
- With a volume of 2,737,107, the price of ACN is down -1.69% to $265.67.
- RSI indicators are suggesting that the underlying stock may be oversold.
- The next earnings are expected to be published in 1 days.
What the experts say about Accenture:
- Morgan Stanley decided to maintain its overweight position in Accenture, which currently has a price target of $350.
- BMO Capital has chosen to maintain its market perform rating on Accenture, which currently has a price target of $315.
- Jefferies has decided to maintain its hold rating on Accenture, which currently has a price target of $310.
Options are a riskier asset compared to pure stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.
If you want to keep up to date with the latest options trades for Accenture, Petrolga Pro gives you real-time options trading alerts.
