Investors with a lot of money to spend have taken a bullish stance on Oracle ORCL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ORCL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Oracle.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $535,673, and 8 are calls, for a total amount of $282,629.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $145.0 for Oracle, spanning the last three months.
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 $110.0 to $145.0 in the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | SWEEP | BULLISH | 06/21/24 | $140.00 | $102.1K | 157 | 0 |
| ORCL | PUT | SWEEP | BEARISH | 06/20/25 | $135.00 | $84.3K | 11 | 73 |
| ORCL | PUT | TRADE | BEARISH | 03/28/24 | $127.00 | $54.6K | 792 | 738 |
| ORCL | PUT | SWEEP | BULLISH | 03/28/24 | $127.00 | $52.7K | 792 | 154 |
| ORCL | CALL | SWEEP | BULLISH | 01/16/26 | $130.00 | $51.0K | 563 | 18 |
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.
After a thorough review of the options trading surrounding Oracle, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Oracle
- Trading volume stands at 4,487,552, with ORCL's price up by 0.43%, positioned at $127.01.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 75 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.
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