Whales Bearish on Accenture: Options Trading Trends Revealed

Whales with significant funds are taking a bearish approach towards Accenture, as indicated by recent options trading trends. Analysing the options history of Accenture ACN revealed a total of 8 trades. Out of these trades, it was observed that 12% of investors had a bullish outlook, while 87% had a bearish sentiment. The trades consisted of 5 puts amounting to $431,155 and 3 calls amounting to $244,480. Market influencers have been focusing on a price band ranging from $240.0 to $325.0 for Accenture over the last three months, evident from the trading volumes and Open Interest. Reviewing the volume and open interest data aids in tracking liquidity and interest in Accenture’s options at specific strike prices.

Accenture is a prominent global IT-services company offering consulting, strategy, and technology services to various sectors. With a workforce of nearly 500,000 employees in 200 cities across 51 countries, Accenture caters to industries such as communications, financial services, health, consumer products, and resources. Industry analysts have set an average target price of $354.0 for Accenture stock following a comprehensive evaluation of its market standing and performance. Options trading carries both risks and rewards, and prudent traders mitigate risks by staying informed, adapting strategies, monitoring multiple indicators, and tracking market movements closely. Real-time alerts from Benzinga Pro can help traders keep up with the latest options trading activities related to Accenture.