Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle ORCL revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $434,550, and 2 were calls, valued at $89,200.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $130.0 for Oracle over the recent three months.
Analyzing Volume & Open Interest
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 $80.0 to $130.0 in the last 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | TRADE | BULLISH | 01/19/24 | $110.00 | $193.2K | 9.3K | 44 |
| ORCL | PUT | TRADE | BULLISH | 01/19/24 | $130.00 | $79.2K | 115 | 25 |
| ORCL | CALL | TRADE | BEARISH | 01/16/26 | $80.00 | $61.8K | 46 | 0 |
| ORCL | PUT | TRADE | BEARISH | 01/19/24 | $120.00 | $45.7K | 1.6K | 0 |
| ORCL | PUT | TRADE | BULLISH | 01/19/24 | $130.00 | $44.0K | 115 | 0 |
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
- Trading volume stands at 1,010,154, with ORCL's price up by 0.33%, positioned at $112.4.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 4 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
