Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle (NYSE:ORCL) revealed 20 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,787,810, and 10 were calls, valued at $657,446.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $95.0 to $140.0 for Oracle over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Oracle options trades today is 2635.07 with a total volume of 38,982.00.
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 $95.0 to $140.0 over the last 30 days.
Oracle Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | SWEEP | BEARISH | 06/21/24 | $1.56 | $1.08 | $1.42 | $105.00 | $852.0K | 9.1K | 10.0K |
| ORCL | PUT | SWEEP | BULLISH | 06/21/24 | $1.61 | $1.39 | $1.49 | $105.00 | $303.9K | 9.1K | 2.0K |
| ORCL | CALL | SWEEP | BEARISH | 08/16/24 | $1.74 | $1.62 | $1.62 | $130.00 | $227.7K | 2.8K | 1.4K |
| ORCL | PUT | SWEEP | BEARISH | 06/21/24 | $5.35 | $5.25 | $5.31 | $117.00 | $139.8K | 436 | 1.4K |
| ORCL | PUT | SWEEP | NEUTRAL | 06/07/24 | $6.75 | $6.75 | $6.75 | $122.00 | $101.2K | 688 | 155 |
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.
Current Position of Oracle
- Currently trading with a volume of 3,036,994, the ORCL’s price is down by -1.76%, now at $115.03.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 14 days.
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.
