Investors with a lot of money to spend have taken a bearish stance on Oracle ORCL.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Oracle.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $82,579, and 6 are calls, for a total amount of $367,472.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $120.0 for Oracle over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Oracle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Oracle's substantial trades, within a strike price spectrum from $95.0 to $120.0 over the preceding 30 days.
Oracle Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BULLISH | 01/17/25 | $95.00 | $195.0K | 244 | 106 |
| ORCL | CALL | TRADE | BEARISH | 02/16/24 | $105.00 | $45.1K | 5.9K | 215 |
| ORCL | PUT | SWEEP | BULLISH | 01/26/24 | $103.00 | $44.2K | 246 | 416 |
| ORCL | PUT | SWEEP | BEARISH | 02/02/24 | $101.00 | $38.3K | 19 | 412 |
| ORCL | CALL | SWEEP | BEARISH | 01/26/24 | $102.00 | $33.6K | 333 | 101 |
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.
In light of the recent options history for Oracle, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Oracle's Current Market Status
- Currently trading with a volume of 2,205,685, the ORCL's price is up by 0.4%, now at $104.34.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 56 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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