Someone with a lot of money to spend has taken a bearish stance on Oracle ORCL.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, 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 13 options trades for Oracle.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,360, and 12, calls, for a total amount of $578,936.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $150.0 for Oracle over the recent three months.
Volume & Open Interest Development
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 $80.0 to $150.0 over the preceding 30 days.
Oracle Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BULLISH | 12/19/25 | $150.00 | $88.5K | 272 | 0 |
| ORCL | CALL | SWEEP | BEARISH | 01/17/25 | $110.00 | $72.8K | 1.4K | 0 |
| ORCL | CALL | TRADE | BEARISH | 01/16/26 | $80.00 | $60.4K | 32 | 15 |
| ORCL | CALL | TRADE | BULLISH | 01/19/24 | $110.00 | $56.2K | 8.0K | 80 |
| ORCL | CALL | TRADE | BEARISH | 01/19/24 | $100.00 | $49.0K | 4.5K | 41 |
Present Market Standing of Oracle
- With a trading volume of 5,297,655, the price of ORCL has down by -0.19%, reaching $108.9. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 34 days from now.
Professional Analyst Ratings for Oracle:
- Showing optimism, Evercore ISI Group upgrades its rating to Outperform with a revised price target of $135.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Oracle, which currently sits at a price target of $107.
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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