Kinahan: 'Nothing Crazy' In Options Market For Oracle Corporation

Oracle Corporation ORCL shares "haven't moved a lot since last earnings and there's nothing crazy interesting, TD Ameritrade Chief Strategist JJ Kinahan told Benzinga. The Redwood City, California-based software company is set to post earnings later Wednesday. Wall Street analysts on average expect Oracle will report adjusted earnings of $0.87 cents a share, while revenue will drop 3.3 percent from a year earlier to $10.95 billion. Recent options trading activity suggests Oracle shares will move about 3.9 percent in either direction following its earnings release, according to a report Wednesday by Shaeffers Research.com http://www.schaeffersresearch.com/content/analysis/2015/06/17/earnings-preview-oracle-corporation-the-kroger-co-and-rite-aid-corporation The stock has averaged a single-session post-earnings move of 4.6 percent over the last eight quarters, and reacted positively after its last two reports, according to Shaeffers. Kinahan noted that recently, the June $45.50 calls have some buyers and June $46 have sellers. "It's usually pretty well priced," Kinahan said. Oracle shares gained about 5 percent in the past three months and traded recently at $45.04, up $0.40 cents. Earnings in the quarter ended Feb. 15 met Wall Street's expectations.