Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle ORCL revealed 21 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $144,772, and 18 were calls, valued at $1,624,846.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $140.0 for Oracle over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Oracle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Oracle's substantial trades, within a strike price spectrum from $70.0 to $140.0 over the preceding 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 | TRADE | BEARISH | 09/20/24 | $115.00 | $781.0K | 259 | 1.1K |
| ORCL | CALL | SWEEP | BULLISH | 12/29/23 | $105.00 | $141.5K | 8.6K | 2.6K |
| ORCL | CALL | SWEEP | BEARISH | 02/16/24 | $105.00 | $107.1K | 4.3K | 73 |
| ORCL | PUT | SWEEP | NEUTRAL | 01/05/24 | $104.00 | $75.0K | 248 | 709 |
| ORCL | CALL | TRADE | BEARISH | 03/15/24 | $105.00 | $63.0K | 3.9K | 165 |
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.
Oracle's Current Market Status
- Trading volume stands at 3,093,793, with ORCL's price down by -0.34%, positioned at $105.89.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 78 days.
What Analysts Are Saying About Oracle
5 market experts have recently issued ratings for this stock, with a consensus target price of $122.4.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Oracle, which currently sits at a price target of $125.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Oracle, targeting a price of $106.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Oracle, targeting a price of $125.
- An analyst from BMO Capital persists with their Market Perform rating on Oracle, maintaining a target price of $126.
- An analyst from Wolfe Research persists with their Outperform rating on Oracle, maintaining a target price of $130.
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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