Oracle's Options Frenzy: What You Need to Know

Deep-pocketed investors have adopted a bullish approach towards Oracle ORCL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ORCL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Oracle. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $134,004, and 4 are calls, amounting to $276,822.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $67.5 and $175.0 for Oracle, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Oracle's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Oracle's significant trades, within a strike price range of $67.5 to $175.0, over the past month.

Oracle Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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

• With a volume of 1,051,797, the price of ORCL is down -0.52% at $105.64.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 71 days.

Professional Analyst Ratings for 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 $122.4.

• 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 Piper Sandler continues to hold a Overweight rating for Oracle, targeting a price of $125.
• An analyst from BMO Capital has decided to maintain their Market Perform rating on Oracle, which currently sits at a price target of $126.
• An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Oracle, which currently sits at a price target of $130.
• Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Oracle, targeting a price of $125.

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.