Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle ORCL revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $141,921, and 6 were calls, valued at $309,123.
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 $70.0 and $140.0 for Oracle, spanning the last 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 $70.0 to $140.0 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 | $70.00 | $102.0K | 360 | 20 |
| ORCL | CALL | SWEEP | BULLISH | 12/15/23 | $120.00 | $77.2K | 9.8K | 101 |
| ORCL | PUT | SWEEP | BEARISH | 01/19/24 | $110.00 | $51.0K | 8.2K | 470 |
| ORCL | CALL | TRADE | BULLISH | 01/17/25 | $110.00 | $43.3K | 1.4K | 21 |
| ORCL | PUT | SWEEP | BEARISH | 01/19/24 | $110.00 | $33.1K | 8.2K | 44 |
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.
Having examined the options trading patterns of Oracle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Oracle
- Currently trading with a volume of 1,728,777, the ORCL's price is up by 0.58%, now at $116.91.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 12 days.
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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