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 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $521,067, and 2 are calls, for a total amount of $492,250.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $150.0 for Oracle over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Oracle stands at 2485.86, with a total volume reaching 1,276.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Oracle, situated within the strike price corridor from $125.0 to $150.0, throughout the last 30 days.
Oracle Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BULLISH | 06/20/25 | $13.1 | $12.7 | $13.15 | $150.00 | $460.2K | 192 | 0 |
| ORCL | PUT | TRADE | BEARISH | 03/21/25 | $6.05 | $5.9 | $6.05 | $125.00 | $302.5K | 186 | 500 |
| ORCL | PUT | SWEEP | BULLISH | 09/20/24 | $7.15 | $7.05 | $7.1 | $140.00 | $54.6K | 7.0K | 184 |
| ORCL | PUT | TRADE | BULLISH | 09/20/24 | $9.9 | $9.8 | $9.8 | $145.00 | $51.9K | 3.3K | 0 |
| ORCL | PUT | TRADE | BEARISH | 09/20/24 | $7.0 | $6.95 | $7.0 | $140.00 | $42.0K | 7.0K | 89 |
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
- Trading volume stands at 2,273,715, with ORCL's price up by 0.99%, positioned at $139.19.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 45 days.
Expert Opinions on Oracle
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $150.0.
- An analyst from Piper Sandler persists with their Overweight rating on Oracle, maintaining a target price 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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