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 11 extraordinary options activities for Oracle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 6 are puts, totaling $348,305, and 5 are calls, amounting to $308,974.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $130.0 for Oracle over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Oracle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Oracle's substantial trades, within a strike price spectrum from $110.0 to $130.0 over the preceding 30 days.
Oracle Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | BULLISH | 01/17/25 | $13.75 | $13.7 | $13.7 | $120.00 | $149.3K | 1.9K | 110 |
| ORCL | PUT | SWEEP | BEARISH | 01/17/25 | $10.75 | $10.65 | $10.75 | $120.00 | $94.6K | 1.7K | 16 |
| ORCL | PUT | TRADE | BEARISH | 05/17/24 | $9.65 | $8.9 | $9.4 | $130.00 | $94.0K | 1.2K | 0 |
| ORCL | CALL | TRADE | BULLISH | 06/21/24 | $7.15 | $7.1 | $7.15 | $120.00 | $55.7K | 5.9K | 91 |
| ORCL | PUT | SWEEP | BULLISH | 09/20/24 | $6.45 | $6.35 | $6.4 | $115.00 | $48.0K | 2.4K | 82 |
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.
Oracle's Current Market Status
- With a trading volume of 2,734,809, the price of ORCL is down by -0.95%, reaching $119.48.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 54 days from now.
What The Experts Say On Oracle
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $150.0.
- Reflecting concerns, an analyst from Keybanc lowers its rating to Overweight with a new 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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