A whale with a lot of money to spend has taken a noticeably bullish stance on Oracle.
Looking at options history for Oracle ORCL we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $59,408 and 10, calls, for a total amount of $960,167.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $115.0 for Oracle over the last 3 months.
Volume & Open Interest Development
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 $55.0 to $115.0 in 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|
Where Is Oracle Standing Right Now?
- With a volume of 6,926,902, the price of ORCL is up 2.43% at $92.7.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 73 days.
What The Experts Say On Oracle:
- Mizuho downgraded its action to Buy with a price target of $116
- BMO Capital has decided to maintain their Market Perform rating on Oracle, which currently sits at a price target of $96.
- JP Morgan has decided to maintain their Overweight rating on Oracle, which currently sits at a price target of $93.
- Piper Sandler downgraded its action to Overweight with a price target of $104
- UBS has decided to maintain their Neutral rating on Oracle, which currently sits at a price target of $90.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Oracle, Benzinga Pro gives you real-time options trades alerts.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.