High-rolling investors have positioned themselves bullish on Oracle ORCL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ORCL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 12 options trades for Oracle. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $28,175, and 11 calls, totaling $415,275.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $115.0 for Oracle over the last 3 months.
Volume & Open Interest Trends
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 $105.0 to $115.0 in the last 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BEARISH | 03/15/24 | $115.00 | $93.6K | 4.8K | 408 |
| ORCL | CALL | TRADE | BULLISH | 02/16/24 | $105.00 | $41.4K | 5.6K | 318 |
| ORCL | CALL | SWEEP | BULLISH | 09/20/24 | $105.00 | $40.1K | 243 | 30 |
| ORCL | CALL | SWEEP | BEARISH | 01/26/24 | $112.00 | $35.7K | 591 | 1.0K |
| ORCL | CALL | SWEEP | BULLISH | 02/02/24 | $110.00 | $35.2K | 1.1K | 784 |
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.
Present Market Standing of Oracle
- Trading volume stands at 2,462,711, with ORCL's price up by 0.51%, positioned at $110.23.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 45 days.
What The Experts Say On Oracle
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $122.0.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Oracle, which currently sits at a price target of $122.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Oracle options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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