Intuit (INTU) recently experienced unusual options activity, indicating a potential bullish reversal despite significant stock declines. The options volume for INTU was nearly seven times its 30-day average, with a notable bullish sentiment of almost $675 million. Aggressive investors could consider a cash-secured put strategy, targeting a substantial return, although it carries assigned share risk if the stock continues to fall.
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Intuit Options Activity Signals Potential Bullish Reversal
Intuit (INTU) recently experienced unusual options activity, indicating a potential bullish reversal despite significant stock declines. The options volume for INTU was nearly seven times its 30-day average, with a notable bullish sentiment of almost $675 million. Aggressive investors could consider a cash-secured put strategy, targeting a substantial return, although it carries assigned share risk if the stock continues to fall.