High-rolling investors have positioned themselves bearish on Oracle ORCL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ORCL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Oracle. This is not a typical pattern.
The sentiment among these major traders is split, with 40% bullish and 60% bearish. Among all the options we identified, there was one put, amounting to $26,400, and 9 calls, totaling $398,684.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $130.0 for Oracle over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $95.0 to $130.0 in the last 30 days.
Oracle Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BULLISH | 01/16/26 | $130.00 | $85.0K | 198 | 50 |
| ORCL | CALL | TRADE | BEARISH | 01/19/24 | $105.00 | $64.7K | 4.2K | 0 |
| ORCL | CALL | SWEEP | BULLISH | 12/15/23 | $105.00 | $56.0K | 2.8K | 82 |
| ORCL | CALL | SWEEP | BEARISH | 12/15/23 | $105.00 | $53.1K | 2.8K | 0 |
| ORCL | CALL | SWEEP | BEARISH | 12/01/23 | $117.00 | $30.0K | 913 | 3 |
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
Oracle's Current Market Status
- Currently trading with a volume of 2,107,447, the ORCL's price is up by 0.63%, now at $116.81.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 19 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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