Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle ORCL revealed 29 unusual trades.
Delving into the details, we found 24% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $387,186, and 24 were calls, valued at $1,184,872.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $110.0 for Oracle over the recent three months.
Insights into Volume & Open Interest
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 $75.0 to $110.0 in the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | TRADE | BULLISH | 02/02/24 | $96.00 | $196.3K | 19 | 10 |
| ORCL | CALL | SWEEP | BULLISH | 02/16/24 | $110.00 | $121.4K | 15.8K | 3.7K |
| ORCL | CALL | TRADE | BULLISH | 03/15/24 | $110.00 | $109.3K | 12.5K | 959 |
| ORCL | CALL | SWEEP | BEARISH | 06/21/24 | $100.00 | $103.0K | 3.2K | 100 |
| ORCL | CALL | SWEEP | BULLISH | 01/19/24 | $105.00 | $85.9K | 12.7K | 1.8K |
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.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.
Oracle's Current Market Status
- With a volume of 2,653,911, the price of ORCL is down -1.81% at $102.18.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 64 days.
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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