Oracle's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle ORCL revealed 34 unusual trades.

Delving into the details, we found 35% of traders were bullish, while 47% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $143,050, and 30 were calls, valued at $1,413,298.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $140.0 for Oracle over the last 3 months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $100.0 to $140.0 in the last 30 days.

Oracle 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ORCL CALL SWEEP BEARISH 06/28/24 $2.89 $2.81 $2.82 $130.00 $185.8K 3.2K 681
ORCL CALL TRADE BEARISH 06/28/24 $2.96 $2.76 $2.79 $130.00 $111.6K 3.2K 681
ORCL CALL SWEEP BEARISH 01/17/25 $14.8 $14.65 $14.7 $120.00 $88.2K 1.8K 212
ORCL CALL TRADE BEARISH 06/07/24 $16.3 $15.0 $15.3 $108.00 $76.5K 52 50
ORCL CALL SWEEP BULLISH 01/17/25 $12.2 $12.0 $12.05 $125.00 $66.2K 3.1K 113

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.

Current Position of Oracle

  • With a volume of 3,127,903, the price of ORCL is up 1.02% at $123.88.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 5 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.

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Posted In: OptionsMarketsBZI-UOA
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