A whale with a lot of money to spend has taken a noticeably bearish stance on Oracle.
Looking at options history for Oracle ORCL we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $317,238 and 11, calls, for a total amount of $653,684.
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 $85.0 to $125.0 for Oracle over the last 3 months.
Volume & Open Interest Development
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 $85.0 to $125.0 in 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | BEARISH | 03/15/24 | $115.00 | $140.8K | 1.1K | 252 |
| ORCL | CALL | SWEEP | BEARISH | 01/19/24 | $115.00 | $80.6K | 9.0K | 376 |
| ORCL | PUT | SWEEP | BULLISH | 06/21/24 | $100.00 | $74.6K | 1.5K | 19 |
| ORCL | CALL | TRADE | BEARISH | 06/21/24 | $105.00 | $68.6K | 2.8K | 122 |
| ORCL | PUT | TRADE | BULLISH | 06/21/24 | $105.00 | $62.5K | 3.4K | 228 |
Where Is Oracle Standing Right Now?
- With a volume of 2,618,924, the price of ORCL is down -1.02% at $107.6.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 55 days.
What The Experts Say On Oracle:
- Evercore ISI Group upgraded its action to Outperform with a price target of $135
- Mizuho has decided to maintain their Buy rating on Oracle, which currently sits at a price target of $150.
- Guggenheim downgraded its action to Buy with a price target of $150
- Berenberg has decided to maintain their Hold rating on Oracle, which currently sits at a price target of $110.
- Piper Sandler downgraded its action to Overweight with a price target of $130
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.
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