Whales with a lot of money to spend have taken a noticeably bearish stance on Oracle.
Looking at options history for Oracle ORCL we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $816,923 and 16, calls, for a total amount of $1,006,322.
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 $70.0 to $140.0 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 2780.5 with a total volume of 16,255.00.
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 $70.0 to $140.0 over the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | TRADE | BEARISH | 09/20/24 | $115.00 | $616.0K | 300 | 700 |
| ORCL | CALL | SWEEP | BEARISH | 01/17/25 | $110.00 | $297.1K | 1.8K | 201 |
| ORCL | CALL | TRADE | BULLISH | 12/19/25 | $70.00 | $110.1K | 54 | 22 |
| ORCL | PUT | TRADE | BEARISH | 01/17/25 | $125.00 | $88.2K | 568 | 0 |
| ORCL | CALL | SWEEP | BEARISH | 02/09/24 | $115.00 | $81.9K | 1.2K | 653 |
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.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.
Where Is Oracle Standing Right Now?
- With a trading volume of 4,200,086, the price of ORCL is up by 1.21%, reaching $113.05.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 35 days from now.
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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