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 8 extraordinary options activities for Oracle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $105,720, and 5 are calls, amounting to $224,207.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $195.0 for Oracle during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $100.0 to $195.0 in the last 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | NEUTRAL | 11/08/24 | $3.35 | $3.05 | $3.17 | $170.00 | $87.5K | 95 | 18 |
| ORCL | PUT | TRADE | BEARISH | 11/29/24 | $25.25 | $24.6 | $25.25 | $195.00 | $50.5K | 35 | 20 |
| ORCL | CALL | SWEEP | BULLISH | 11/08/24 | $2.64 | $2.23 | $2.49 | $172.50 | $49.7K | 221 | 253 |
| ORCL | CALL | TRADE | BEARISH | 11/15/24 | $4.15 | $3.4 | $3.4 | $172.50 | $34.0K | 206 | 108 |
| ORCL | PUT | SWEEP | NEUTRAL | 11/01/24 | $5.25 | $4.15 | $4.25 | $172.50 | $28.2K | 1.5K | 249 |
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.
Oracle's Current Market Status
- Currently trading with a volume of 36,310, the ORCL's price is down by -2.7%, now at $169.85.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 39 days.
What The Experts Say On Oracle
In the last month, 2 experts released ratings on this stock with an average target price of $185.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from JMP Securities persists with their Market Outperform rating on Oracle, maintaining a target price of $205. * An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $165.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
