Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that Oracle Corporation ORCL had some heavy option activity heading into Tuesday's earnings report. Options indicate that the stock is currently pricing in around a $2.30 move following earnings, which is more than 5 percent.
Kinahan said that Oracle is "really interesting," noting that the stock is trading at its 91 percentile in implied volatility. This means that the implied volatility in Oracle is higher than 91 percent of the time, suggesting traders expect larger moves in the coming weeks.
See Also: Oracle Earnings Live Blog: Q3 Conference Call
Shares of Oracle recently traded at $43.05, down 0.85 percent on the day. The company is scheduled to post earnings after the closing bell.
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