Whales with a lot of money to spend have taken a noticeably bearish stance on Oracle.
Looking at options history for Oracle ORCL we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $279,848 and 13, calls, for a total amount of $625,187.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $130.0 for Oracle during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Oracle stands at 2337.64, with a total volume reaching 3,689.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Oracle, situated within the strike price corridor from $70.0 to $130.0, throughout the last 30 days.
Oracle Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | NEUTRAL | 04/19/24 | $95.00 | $123.5K | 144 | 61 |
| ORCL | PUT | TRADE | BULLISH | 03/15/24 | $130.00 | $96.0K | 142 | 60 |
| ORCL | CALL | SWEEP | NEUTRAL | 04/19/24 | $95.00 | $68.8K | 144 | 95 |
| ORCL | PUT | SWEEP | BEARISH | 01/16/26 | $90.00 | $64.0K | 515 | 100 |
| ORCL | CALL | TRADE | NEUTRAL | 01/16/26 | $110.00 | $58.5K | 516 | 50 |
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.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.
Current Position of Oracle
- With a trading volume of 3,498,909, the price of ORCL is up by 0.51%, reaching $114.26.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 22 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Oracle with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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