Decoding Oracle's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish 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 15 uncommon options trades for Oracle.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $79,500, and 13 are calls, for a total amount of $1,394,354.

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 $115.0 to $175.0 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 $115.0 to $175.0 in the last 30 days.

Oracle 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Oracle

Oracle provides enterprise applications and infrastructure offerings around the world through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which is commonly used for running online transaction processing and data warehousing workloads. Besides database systems, Oracle also sells enterprise resource planning, or ERP, customer relationship management, or CRM, and human capital management, or HCM, applications. Today, Oracle has more than 159,000 full-time employees in over 170 countries.

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?

• With a volume of 2,487,458, the price of ORCL is up 2.37% at $152.81.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 85 days.

What Analysts Are Saying About Oracle

In the last month, 5 experts released ratings on this stock with an average target price of $170.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Oracle with a target price of $135. * An analyst from Guggenheim downgraded its action to Buy with a price target of $220. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Oracle with a target price of $170. * Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Overweight rating on Oracle with a target price of $175. * Maintaining their stance, an analyst from DA Davidson continues to hold a Neutral rating for Oracle, targeting a price of $150.

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.