Spotlight on Accenture: Analyzing the Surge in Options Activity
Whales with a lot of money to spend have taken a noticeably bearish stance on Accenture.
Looking at options history for Accenture ACN we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $260,055 and 3, calls, for a total amount of $120,743.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $320.0 and $380.0 for Accenture, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Accenture’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Accenture’s significant trades, within a strike price range of $320.0 to $380.0, over the past month.
Accenture Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACN | PUT | SWEEP | BEARISH | 09/19/25 | $35.7 | $33.8 | $35.7 | $370.00 | $89.2K | 62 | 35 |
| ACN | CALL | SWEEP | BEARISH | 01/17/25 | $15.7 | $15.6 | $15.6 | $360.00 | $56.1K | 1.0K | 49 |
| ACN | PUT | SWEEP | BEARISH | 11/15/24 | $1.5 | $1.45 | $1.5 | $325.00 | $47.2K | 252 | 331 |
| ACN | CALL | SWEEP | BULLISH | 09/19/25 | $27.7 | $26.8 | $27.7 | $370.00 | $38.7K | 57 | 18 |
| ACN | PUT | SWEEP | BEARISH | 09/19/25 | $35.6 | $33.2 | $35.6 | $370.00 | $35.6K | 62 | 50 |
About Accenture
Accenture 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 employs just under 500,000 people throughout 200 cities in 51 countries.
After a thorough review of the options trading surrounding Accenture, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Accenture
- With a volume of 2,228,852, the price of ACN is up 1.22% at $356.29.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 78 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 $376.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from B of A Securities has decided to maintain their Buy rating on Accenture, which currently sits at a price target of $388.
* Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Accenture with a target price of $376.
* Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Accenture, targeting a price of $329.
* Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Accenture with a target price of $390.
* Showing optimism, an analyst from TD Cowen upgrades its rating to Buy with a revised price target of $400.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Accenture with Benzinga Pro for real-time alerts.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Leave a Reply