Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle ORCL revealed 15 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $225,539, and 12 were calls, valued at $720,596.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $145.0 for Oracle, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Oracle options trades today is 3788.75 with a total volume of 5,223.00.
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 $110.0 to $145.0 over the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | SWEEP | BULLISH | 01/17/25 | $115.00 | $132.7K | 2.1K | 244 |
| ORCL | CALL | SWEEP | BULLISH | 04/19/24 | $130.00 | $124.2K | 14.6K | 708 |
| ORCL | CALL | TRADE | BULLISH | 04/19/24 | $125.00 | $97.4K | 9.6K | 222 |
| ORCL | CALL | SWEEP | BULLISH | 03/22/24 | $128.00 | $71.8K | 4.8K | 1.7K |
| ORCL | CALL | SWEEP | BEARISH | 03/22/24 | $128.00 | $69.9K | 4.8K | 167 |
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
- With a trading volume of 1,535,093, the price of ORCL is up by 0.09%, reaching $127.91.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 83 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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