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INTU

Intuit Inc.Close $399.71EOD only

Max Pain

$395.00

Next expiry May 22, 2026

Expected Move

±$36.35

9.1% from close

Price Gap

-4.71

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.82

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 19, 2026 close

End-of-day snapshot

This page reflects INTU options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 19, 2026 close

INTU Flow Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

4.5 / 10

base 3; +1.5 strong net premium bearish; -0 low volume/sample size

Watch next session: $430 strike for call/put flow battle; Any follow-on activity in the $280-$310 put zone

Flow Summary

Net premium: -$61.3M bearish

P/C volume ratio: 1.89 — strongly put-dominant

P/C OI ratio: 0.74 — moderate call lean in positioning

Aggressive put premium dominance contrasts with a call-leaning OI structure, suggesting new bearish bets are being placed against a backdrop of longer-term bullish positioning. The market is paying up for downside protection in a high-vol regime.

Notable Prints

INTU 5/8/26 $280 Put

Vol: 290

OI: 145

Vol/OI: 2.0x

IV: 83.3%

Notional: ~$8.1M (290 * $280 * 100)

Intent: Fresh directional put buying or protective hedge

Dual read: Bought to open (bearish) or sold/covered (bullish)

Read-through: Deep OTM strike (35% below spot) with elevated IV suggests this is either a cheap, long-dated hedge or a speculative bet on a significant downturn. The 2.0x Vol/OI ratio indicates new positioning.

INTU 4/24/26 $310 Put

Vol: 215

OI: 139

Vol/OI: 1.6x

IV: 81.8%

Notional: ~$6.7M (215 * $310 * 100)

Intent: Fresh directional put buying

Dual read: Bought to open (bearish) or sold/covered (bullish)

Read-through: Another deep OTM put (28% below spot) with high IV. The shorter expiry (24d) vs. the $280 Put suggests a more defined timeframe for a potential move lower. This is likely new bearish flow or aggressive hedging.

Institutional Positioning

Call additions: Minimal near-term call flow. Top OI calls are at $490+, far OTM, likely legacy positions.

Put additions: Significant premium in deep OTM puts ($280, $310, $430). The $430 strike shows heavy put premium (-$2.6M net), indicating institutional hedging/selling at-the-money.

GEX/DEX consistency: Partially — Positive GEX (+$4.6M) suggests pinning pressure near $435, but bearish flow (net prem -$61M) contradicts, indicating a battle between gamma dynamics and directional sentiment.

OI clusters: Far OTM call walls at $490, $530, $480. Near-spot, the $430 strike has significant open interest for both calls and puts, creating a magnet. No major put OI clusters near spot.

Hedging evidence: Strong evidence via deep OTM put buying ($280, $310) and heavy premium at the $430 put strike. This is characteristic of portfolio protection in a high-IV environment.

Max pain context: Spot ($432.38) is just below max pain ($435) for the front week, aligning with the pinning GEX. However, the trend in max pain across expirations is falling ($435 → $430), which is a bearish drift in expected pin points.

Signal vs Noise

~The massive net premium at strikes like $860, $880, $800 is almost certainly from deep OTM put *sales* (likely short puts as part of yield-enhancing strategies or defined-risk spreads), not directional long put buying. This inflates the bearish net premium figure.

~Low volume across most top OI strikes (e.g., $490C vol=5) indicates these are stale, legacy positions, not indicative of current flow.

~The two notable put prints, while meaningful, are a small sample size. The overall low total volume (13,363) means flow signals should be weighted cautiously.

Key Conclusions

⚠️High-vol, pinning regime with conflicting signals: bearish flow vs. positive GEX

🧱Institutions are paying up for deep OTM protection ($280-$310 puts), a bearish/defensive signal

🎯$430 is the key near-term battleground with high OI and premium flow

How to Use These Reports

This flow reflects the market close on March 31, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.