Accenture Sees Deep-Pocketed Investors Take Bearish Stance Amid Options Frenzy, Benzinga Reports
Investors with a lot of money to spend have taken a bearish stance on $Accenture (ACN.US)$, Benzinga reported, citing nine usual options trades for the stock. About 77% of the trades were leaning bearish while 11% were bullish, the report stated. Eight of the trades were puts, for a total amount of $577,090, and there was 1 call, for a total amount of $169,260.
The volume and open interest on these contracts signal the whales have been targeting a price range from $300 to $370 for Accenture over the last three months. The stock traded at $304.78, down 1.05% at 2:22 p.m. in New York. Read the full report here: Options Corner: Accenture Sees Deep-Pocketed Investors Take Bearish Stance Amid Options Frenzy
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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Moomoo Senior News and Community Manager
Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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