Smart Money Is Betting Big In ORCL Options - Oracle (NYSE:ORCL)

Investors with a lot of money to spend have taken a bullish stance on Oracle ORCL.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ORCL, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for Oracle.

This isn't normal.

The overall sentiment of these big-money traders is split between 51% bullish and 48%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $520,606, and 17 are calls, for a total amount of $1,244,496.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $135.0 for Oracle over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Oracle stands at 3576.65, with a total volume reaching 5,071.00. 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 $95.0 to $135.0, throughout the last 30 days.

Oracle Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
ORCL	CALL	SWEEP	BULLISH	01/17/25	$130.00	$196.4K	3.1K	145
ORCL	CALL	TRADE	BULLISH	03/15/24	$110.00	$193.8K	10.0K	267
ORCL	CALL	SWEEP	BEARISH	03/15/24	$95.00	$156.9K	300	91
ORCL	CALL	SWEEP	BULLISH	06/21/24	$130.00	$116.0K	8.8K	275
ORCL	CALL	SWEEP	BULLISH	06/21/24	$125.00	$106.4K	6.7K	154

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.

Having examined the options trading patterns of Oracle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Oracle

With a volume of 5,291,868, the price of ORCL is down -1.45% at $123.71.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 87 days.

What The Experts Say On Oracle

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $139.2.

An analyst from Goldman Sachs has decided to maintain their Neutral rating on Oracle, which currently sits at a price target of $130.
An analyst from Bernstein has decided to maintain their Outperform rating on Oracle, which currently sits at a price target of $159.
An analyst from Citigroup persists with their Neutral rating on Oracle, maintaining a target price of $120.
Maintaining their stance, an analyst from TD Cowen continues to hold a Outperform rating for Oracle, targeting a price of $145.
An analyst from BMO Capital persists with their Market Perform rating on Oracle, maintaining a target price of $142.

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.

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