Investors with a lot of money to spend have taken a bearish 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 8 uncommon options trades for Oracle.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $369,127, and 4 are calls, for a total amount of $171,301.
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 $100.0 and $140.0 for Oracle, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $100.0 to $140.0 in the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | SWEEP | BULLISH | 04/26/24 | $2.71 | $2.7 | $2.7 | $124.00 | $128.8K | 352 | 2 |
| ORCL | PUT | TRADE | NEUTRAL | 04/12/24 | $8.75 | $8.2 | $8.48 | $130.00 | $91.5K | 143 | 0 |
| ORCL | PUT | SWEEP | BULLISH | 05/17/24 | $8.4 | $8.3 | $8.3 | $130.00 | $83.0K | 1.0K | 0 |
| ORCL | PUT | SWEEP | BEARISH | 08/16/24 | $10.95 | $10.9 | $10.95 | $130.00 | $65.7K | 788 | 3 |
| ORCL | CALL | SWEEP | BEARISH | 04/19/24 | $12.3 | $12.15 | $12.15 | $111.00 | $53.4K | 2 | 44 |
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.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.
Oracle's Current Market Status
- With a volume of 1,381,709, the price of ORCL is down -1.7% at $121.14.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 61 days.
What Analysts Are Saying About 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 $134.4.
- An analyst from Stifel has decided to maintain their Hold rating on Oracle, which currently sits at a price target of $120.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Oracle with a target price of $105.
- Consistent in their evaluation, an analyst from HSBC keeps a Buy rating on Oracle with a target price of $155.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Oracle, targeting a price of $142.
- An analyst from Keybanc downgraded its action to Overweight with a price target of $150.
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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