Market Overview

Here's Why Oracle Is 'Very Interesting' And Could Move 5% Following Earnings

Share:
Related ORCL
Tech Sector Earnings: Starting The Year Strong?
The Market In 5 Minutes
Hollencrest Securities Llc Buys SPDR S&P 5……, SPDR Select Sector Fund - Health Care, ... (GuruFocus)

Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that Oracle Corporation (NYSE: ORCL) had some heavy option activity heading into Tuesday's earnings report. Options indicate that the stock is currently pricing in around a $2.30 move following earnings, which is more than 5 percent.

Kinahan said that Oracle is "really interesting," noting that the stock is trading at its 91 percentile in implied volatility. This means that the implied volatility in Oracle is higher than 91 percent of the time, suggesting traders expect larger moves in the coming weeks.

See Also: Oracle Earnings Live Blog: Q3 Conference Call

Shares of Oracle recently traded at $43.05, down 0.85 percent on the day. The company is scheduled to post earnings after the closing bell.

Posted-In: JJ Kinahan TD AmeritradeOptions Exclusives Markets

 

Related Articles (ORCL)

View Comments and Join the Discussion!