Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle ORCL revealed 11 unusual trades.
Delving into the details, we found 72% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $219,900, and 7 were calls, valued at $318,843.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $165.0 for Oracle, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Oracle options trades today is 1772.89 with a total volume of 898.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Oracle's big money trades within a strike price range of $120.0 to $165.0 over the last 30 days.
Oracle Option Volume And Open Interest Over 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 | 01/16/26 | $35.15 | $34.9 | $35.15 | $120.00 | $112.4K | 386 | 0 |
| ORCL | PUT | TRADE | BEARISH | 09/20/24 | $4.3 | $4.2 | $4.3 | $135.00 | $107.5K | 995 | 304 |
| ORCL | CALL | SWEEP | BULLISH | 06/14/24 | $11.3 | $10.95 | $11.3 | $130.00 | $45.2K | 4.8K | 204 |
| ORCL | CALL | TRADE | BULLISH | 01/17/25 | $22.0 | $22.0 | $22.0 | $125.00 | $44.0K | 3.0K | 6 |
| ORCL | PUT | TRADE | BULLISH | 09/20/24 | $9.3 | $8.95 | $9.0 | $145.00 | $40.5K | 70 | 99 |
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.
Where Is Oracle Standing Right Now?
- With a volume of 4,874,071, the price of ORCL is up 0.26% at $140.74.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 88 days.
Professional Analyst Ratings for Oracle
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $138.6.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Oracle, targeting a price of $160.
- An analyst from Stifel has decided to maintain their Hold rating on Oracle, which currently sits at a price target of $135.
- An analyst from Citigroup has decided to maintain their Neutral rating on Oracle, which currently sits at a price target of $128.
- An analyst from UBS has decided to maintain their Buy rating on Oracle, which currently sits at a price target of $160.
- An analyst from JP Morgan persists with their Neutral rating on Oracle, maintaining a target price of $110.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
