Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle ORCL revealed 38 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $241,073, and 31 were calls, valued at $2,264,389.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $140.0 for Oracle during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $95.0 to $140.0 in the last 30 days.
Oracle Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BEARISH | 07/19/24 | $120.00 | $928.2K | 16 | 1.4K |
| ORCL | CALL | SWEEP | BULLISH | 04/19/24 | $115.00 | $101.9K | 6.2K | 1.2K |
| ORCL | CALL | SWEEP | BEARISH | 03/15/24 | $115.00 | $82.0K | 7.7K | 451 |
| ORCL | CALL | TRADE | NEUTRAL | 06/21/24 | $105.00 | $70.5K | 4.9K | 51 |
| ORCL | CALL | SWEEP | BULLISH | 04/19/24 | $115.00 | $69.7K | 6.2K | 1.4K |
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.
In light of the recent options history for Oracle, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Oracle
- With a volume of 3,411,049, the price of ORCL is down -0.03% at $113.75.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 11 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Oracle with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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