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Decoding Accenture's Options Activity: What's the Big Picture?
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Decoding Accenture's Options Activity: What's the Big Picture?
Mar 25, 2024 10:57 AM

Investors with a lot of money to spend have taken a bullish stance on Accenture ( ACN ) .

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ACN, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for Accenture ( ACN ).

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $529,707, and 7 are calls, for a total amount of $343,507.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $180.0 and $375.0 for Accenture ( ACN ), spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Accenture's ( ACN ) options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Accenture's ( ACN ) whale trades within a strike price range from $180.0 to $375.0 in the last 30 days.

Accenture Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ACN PUT TRADE BULLISH 01/17/25 $330.00 $236.0K 491 101
ACN PUT TRADE BULLISH 01/17/25 $310.00 $139.0K 320 100
ACN CALL SWEEP BEARISH 01/16/26 $360.00 $104.3K 173 0
ACN CALL TRADE BULLISH 05/17/24 $330.00 $60.0K 94 5
ACN CALL TRADE BULLISH 01/17/25 $300.00 $54.5K 501 0

About Accenture

Accenture ( ACN ) is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture ( ACN ) employs just under 500,000 people throughout 200 cities in 51 countries.

In light of the recent options history for Accenture ( ACN ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Accenture

Trading volume stands at 2,940,719, with ACN's price down by -1.29%, positioned at $333.16.

RSI indicators show the stock to be may be oversold.

Earnings announcement expected in 87 days.

Expert Opinions on Accenture

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $400.2.

Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Accenture ( ACN ), targeting a price of $400.

Reflecting concerns, an analyst from Guggenheim lowers its rating to Buy with a new price target of $425.

Consistent in their evaluation, an analyst from TD Cowen keeps a Market Perform rating on Accenture ( ACN ) with a target price of $350.

An analyst from Morgan Stanley has decided to maintain their Overweight rating on Accenture ( ACN ), which currently sits at a price target of $417.

Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Accenture ( ACN ) with a target price of $409.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Accenture ( ACN ), Benzinga Pro gives you real-time options trades alerts.

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