27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on Oracle.
Looking at options history for Oracle (NYSE:ORCL) we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $637,901 and 7, calls, for a total amount of $644,740.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $145.0 for Oracle over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Oracle's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Oracle's significant trades, within a strike price range of $100.0 to $145.0, over the past month.
Oracle Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | NEUTRAL | 06/21/24 | $5.55 | $5.45 | $5.5 | $130.00 | $275.5K | 12.5K | 615 |
| ORCL | PUT | SWEEP | BEARISH | 01/17/25 | $10.2 | $10.05 | $10.2 | $125.00 | $137.7K | 948 | 238 |
| ORCL | CALL | SWEEP | BULLISH | 04/19/24 | $2.08 | $2.06 | $2.08 | $125.00 | $104.6K | 11.1K | 3.8K |
| ORCL | CALL | SWEEP | BEARISH | 04/19/24 | $2.11 | $2.08 | $2.08 | $125.00 | $103.3K | 11.1K | 4.8K |
| ORCL | CALL | SWEEP | BEARISH | 06/21/24 | $5.5 | $5.45 | $5.45 | $130.00 | $71.3K | 12.5K | 1.1K |
About Oracle
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
Where Is Oracle Standing Right Now?
- Trading volume stands at 7,434,392, with ORCL's price down by -1.59%, positioned at $124.23.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 67 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Oracle options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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