Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle ORCL revealed 34 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 47% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $143,050, and 30 were calls, valued at $1,413,298.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $140.0 for Oracle over the last 3 months.
Insights into Volume & Open Interest
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 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | BEARISH | 06/28/24 | $2.89 | $2.81 | $2.82 | $130.00 | $185.8K | 3.2K | 681 |
| ORCL | CALL | TRADE | BEARISH | 06/28/24 | $2.96 | $2.76 | $2.79 | $130.00 | $111.6K | 3.2K | 681 |
| ORCL | CALL | SWEEP | BEARISH | 01/17/25 | $14.8 | $14.65 | $14.7 | $120.00 | $88.2K | 1.8K | 212 |
| ORCL | CALL | TRADE | BEARISH | 06/07/24 | $16.3 | $15.0 | $15.3 | $108.00 | $76.5K | 52 | 50 |
| ORCL | CALL | SWEEP | BULLISH | 01/17/25 | $12.2 | $12.0 | $12.05 | $125.00 | $66.2K | 3.1K | 113 |
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.
Current Position of Oracle
- With a volume of 3,127,903, the price of ORCL is up 1.02% at $123.88.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 5 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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