Investors with a lot of money to spend have taken a bearish stance on Oracle ORCL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ORCL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Oracle.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $1,034,524, and 7 are calls, for a total amount of $365,711.
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 $110.0 to $130.0 for Oracle over the last 3 months.
Insights into Volume & Open Interest
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 $110.0 to $130.0 in the last 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | TRADE | BEARISH | 09/20/24 | $6.7 | $6.6 | $6.7 | $120.00 | $1.0M | 979 | 1 |
| ORCL | CALL | TRADE | NEUTRAL | 01/17/25 | $17.8 | $15.75 | $16.8 | $120.00 | $84.0K | 1.9K | 0 |
| ORCL | CALL | SWEEP | BEARISH | 05/17/24 | $3.55 | $3.5 | $3.5 | $125.00 | $70.0K | 3.6K | 3 |
| ORCL | CALL | TRADE | BULLISH | 01/17/25 | $11.6 | $11.4 | $11.55 | $130.00 | $57.7K | 2.9K | 56 |
| ORCL | CALL | TRADE | BEARISH | 01/16/26 | $30.5 | $30.3 | $30.3 | $110.00 | $54.5K | 437 | 18 |
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.
Where Is Oracle Standing Right Now?
- Trading volume stands at 3,280,583, with ORCL's price down by 0.0%, positioned at $124.9.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 63 days.
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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