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Wed. 17 Aug 2022, 3:44pm ET Benzinga Options, Markets

 

Someone with a lot of money to spend has taken a bearish stance on Accenture (NYSE:ACN).

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Accenture.

This isn't normal.

The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $1,407,327, and 4 are calls, for a total amount of $154,427.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $285.0 to $440.0 for Accenture over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Accenture's 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 whale activity within a strike price range from $285.0 to $440.0 in the last 30 days.

Accenture Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ACN PUT SWEEP BULLISH 06/16/23 $290.00 $396.0K 350 324
ACN PUT SWEEP BEARISH 06/16/23 $320.00 $238.5K 21 374
ACN PUT TRADE BULLISH 06/16/23 $320.00 $207.2K 21 70
ACN PUT TRADE BEARISH 06/16/23 $320.00 $177.0K 21 244
ACN PUT TRADE BEARISH 06/16/23 $320.00 $149.5K 21 244

Where Is Accenture Standing Right Now?

  • With a volume of 1,045,271, the price of ACN is down -0.9% at $317.89.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 36 days.

What The Experts Say On Accenture:

  • Baird has decided to maintain their Neutral rating on Accenture, which currently sits at a price target of $338.

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, Benzinga Pro gives you real-time options trades alerts.