Some big people are betting that a company called Accenture will not do well in the future. They are doing this by buying something called "options" which gives them the right to buy or sell shares of Accenture at a certain price. This is important because these big people usually know something that we don't know, so we should pay attention to what they are doing. Read from source...
- Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.
- Investors with significant funds have taken a bearish position in Accenture ACN, a development that retail traders should be aware of.
- This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ACN usually indicates foreknowledge of upcoming events.
- Today, Benzinga's options scanner identified 14 options transactions for Accenture. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 28% being bullish and 50% bearish. Of all the options we discovered, 13 are puts, valued at $762,603, and there was a single call, worth $35,460.
- 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 $200.0 and $335.0 for Accenture, spanning the last three months.
- Noteworthy Options Activity: