Deep-pocketed investors have adopted a bearish approach towards Oracle ORCL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ORCL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Oracle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 7 are puts, totaling $347,885, and 8 are calls, amounting to $548,574.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $125.0 for Oracle during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Oracle's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Oracle's whale activity within a strike price range from $100.0 to $125.0 in the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BEARISH | 06/21/24 | $125.00 | $196.0K | 2.6K | 847 |
| ORCL | PUT | SWEEP | BEARISH | 02/23/24 | $107.00 | $82.1K | 441 | 997 |
| ORCL | PUT | TRADE | BULLISH | 02/23/24 | $114.00 | $80.6K | 1.4K | 920 |
| ORCL | CALL | TRADE | BEARISH | 01/17/25 | $110.00 | $80.3K | 1.6K | 76 |
| ORCL | CALL | SWEEP | NEUTRAL | 04/19/24 | $125.00 | $78.4K | 3.5K | 632 |
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.
After a thorough review of the options trading surrounding Oracle, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Oracle Standing Right Now?
- Trading volume stands at 4,397,924, with ORCL's price down by -0.71%, positioned at $110.52.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 16 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.
© 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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