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News

Smart Money Is Betting Big In ORCL Options

Author: Benzinga Insights | June 28, 2024 11:16am

High-rolling investors have positioned themselves bearish on Oracle (NYSE:ORCL), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ORCL often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 12 options trades for Oracle. This is not a typical pattern.

The sentiment among these major traders is split, with 41% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $54,000, and 11 calls, totaling $551,192.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $165.0 for Oracle during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Oracle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Oracle's substantial trades, within a strike price spectrum from $115.0 to $165.0 over the preceding 30 days.

Oracle 30-Day Option Volume & Interest Snapshot

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ORCL CALL SWEEP BEARISH 09/20/24 $3.4 $3.3 $3.31 $155.00 $140.9K 1.7K 557
ORCL CALL SWEEP BEARISH 09/20/24 $3.55 $3.45 $3.45 $155.00 $85.9K 1.7K 113
ORCL CALL SWEEP BULLISH 07/19/24 $0.5 $0.46 $0.5 $150.00 $59.6K 5.0K 168
ORCL PUT TRADE BULLISH 09/20/24 $11.35 $11.2 $11.25 $150.00 $54.0K 569 4
ORCL CALL SWEEP BEARISH 09/20/24 $3.45 $3.35 $3.35 $155.00 $44.2K 1.7K 410

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.

After a thorough review of the options trading surrounding Oracle, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Oracle's Current Market Status

  • Currently trading with a volume of 2,126,888, the ORCL's price is up by 1.57%, now at $142.38.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 73 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Oracle options trades with real-time alerts from Benzinga Pro.

Posted In: ORCL