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 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $467,527 and 9, calls, for a total amount of $523,700.
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 $100.0 to $110.0 for Oracle over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Oracle options trades today is 4990.56 with a total volume of 8,434.00.
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 $100.0 to $110.0 over 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 | TRADE | BULLISH | 01/16/26 | $110.00 | $115.7K | 123 | 50 |
| ORCL | CALL | TRADE | BEARISH | 06/21/24 | $105.00 | $69.2K | 2.5K | 347 |
| ORCL | PUT | TRADE | BULLISH | 06/21/24 | $105.00 | $64.1K | 1.3K | 942 |
| ORCL | CALL | TRADE | BEARISH | 06/21/24 | $105.00 | $62.3K | 2.5K | 512 |
| ORCL | PUT | TRADE | BULLISH | 06/21/24 | $105.00 | $60.7K | 1.3K | 777 |
Where Is Oracle Standing Right Now?
- With a volume of 2,483,749, the price of ORCL is up 0.18% at $109.51.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 61 days.
What The Experts Say On Oracle:
- Evercore ISI Group has decided to maintain their In-Line rating on Oracle, which currently sits at a price target of $131.
- Mizuho has decided to maintain their Buy rating on Oracle, which currently sits at a price target of $150.
- Piper Sandler downgraded its action to Overweight with a price target of $130
- Guggenheim downgraded its action to Buy with a price target of $150
- Barclays has decided to maintain their Overweight rating on Oracle, which currently sits at a price target of $147.
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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