Behind the Scenes of Oracle's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bullish stance on Oracle.

Looking at options history for Oracle ORCL we detected 82 trades.

If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 31% with bearish.

From the overall spotted trades, 61 are puts, for a total amount of $4,706,177 and 21, calls, for a total amount of $941,170.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $200.0 for Oracle during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Oracle options trades today is 1674.8 with a total volume of 13,308.00.

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 $90.0 to $200.0 over the last 30 days.

Oracle Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Oracle

Oracle provides enterprise applications and infrastructure offerings around the world through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which is commonly used for running online transaction processing and data warehousing workloads. Besides database systems, Oracle also sells enterprise resource planning, or ERP, customer relationship management, or CRM, and human capital management, or HCM, applications. Today, Oracle has more than 159,000 full-time employees in over 170 countries.

Where Is Oracle Standing Right Now?

• With a volume of 8,474,793, the price of ORCL is down -0.98% at $127.01.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 64 days.

What The Experts Say On Oracle

5 market experts have recently issued ratings for this stock, with a consensus target price of $188.4.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Reflecting concerns, an analyst from WestPark Capital lowers its rating to Buy with a new price target of $195. * An analyst from BMO Capital has decided to maintain their Market Perform rating on Oracle, which currently sits at a price target of $175. * In a cautious move, an analyst from Stephens & Co. downgraded its rating to Equal-Weight, setting a price target of $167. * Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Oracle, targeting a price of $185. * An analyst from Guggenheim downgraded its action to Buy with a price target of $220.

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.