Investors with a lot of money to spend have taken a bullish stance on Oracle ORCL.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 22 options trades for Oracle.
This isn't normal.
The overall sentiment of these big-money traders is split between 72% bullish and 27%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,395, and 21, calls, for a total amount of $1,059,710.
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 $100.0 and $130.0 for Oracle, spanning the last three months.
Volume & Open Interest Trends
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 $130.0 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 | BULLISH | 12/15/23 | $116.00 | $130.9K | 887 | 400 |
| ORCL | CALL | TRADE | BULLISH | 12/29/23 | $124.00 | $113.0K | 367 | 3.4K |
| ORCL | CALL | SWEEP | BULLISH | 12/15/23 | $100.00 | $86.7K | 7.6K | 76 |
| ORCL | CALL | SWEEP | BULLISH | 12/15/23 | $115.00 | $76.5K | 7.3K | 256 |
| ORCL | CALL | SWEEP | BULLISH | 03/15/24 | $130.00 | $75.8K | 1.8K | 371 |
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.
Where Is Oracle Standing Right Now?
- With a trading volume of 6,032,658, the price of ORCL is up by 1.25%, reaching $115.03.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 0 days from now.
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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