Stock Markets May 13, 2026 11:27 AM

Options Signal an 8.3% Move for Intuit Ahead of May 20 Earnings

Options pricing points to a sizable post-close move; historical earnings reactions have both outpaced and fallen short of implied moves

By Leila Farooq INTU

Options markets imply Intuit Inc. (INTU) shares could swing about 8.3% when the company reports results on May 20 after the market close, based on Bloomberg-compiled options data. The stock’s reaction to past earnings has at times exceeded and at times missed options-implied moves across the last eight reports.

Options Signal an 8.3% Move for Intuit Ahead of May 20 Earnings
INTU

Key Points

  • Options pricing implies an 8.3% potential move for Intuit on May 20, post-close - impacts equity and options markets.
  • In five of the last eight earnings reports, Intuit’s actual share moves exceeded the options-implied magnitude; in three cases, actual moves were smaller - relevant to traders assessing volatility assumptions.
  • The historical record spans May 2024 through February 2026 reporting periods and shows both outsized and muted reactions compared with implied moves - of interest to market participants in technology/software and broader equity markets.

Overview

Options pricing suggests Intuit Inc. shares may move approximately 8.3% when the company releases earnings on May 20 after the market close, according to options data compiled by Bloomberg.


Recent earnings reactions

The stock’s behavior around prior earnings has varied. In five of the last eight reporting periods, Intuit’s actual share moves exceeded the options-implied magnitude; in the other three, the stock’s change was smaller than the options market had suggested.

  • On February 26, shares increased 5.0%, which was below the options-implied move of 10.3%.
  • In November 2025, the stock rose 0.6%, also falling short of the 5.7% implied by options.
  • In August 2025, Intuit shares declined 6.9%, a larger move than the 5.5% implied by options.
  • The stock surged 10.3% in May 2025, exceeding the 5.7% implied move.
  • In February 2025, shares were up 6.5%, above the 5.7% options-implied figure.
  • In November 2024, the shares fell 9.4%, a move larger than the 6.0% implied by options.
  • The stock dropped 2.7% in August 2024, which was smaller than the 5.3% implied move.
  • In May 2024, shares declined 7.3%, surpassing the 5.2% options-implied move.

What the options signal means

The 8.3% figure comes from how options are priced ahead of the May 20 report and represents the market’s expectation of potential volatility around the earnings release. Historically, actual responses to Intuit’s earnings have sometimes been larger than the options market predicted and sometimes smaller, as documented above.


Market context and scope

This options-derived expectation and the record of varied historical outcomes are relevant to equity investors and options traders watching Intuit around its earnings date. The data cited here are limited to the options-implied move and the company’s share-price reactions in the eight prior reporting periods noted above.


Limitations

These observations are descriptive of market pricing and past share movements; they do not forecast a specific direction for the stock at the upcoming report.

Risks

  • Options-implied move is a market expectation of volatility but does not predict direction - affects equity and derivatives trading strategies.
  • Historical variability means actual post-earnings returns can be larger or smaller than implied, introducing uncertainty for shareholders and options traders.
  • The information is limited to options-implied magnitudes and past share reactions; it does not include fundamental drivers or forward guidance that could alter outcomes.

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