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News

Smart Money Is Betting Big In ORCL Options

Author: Benzinga Insights | September 16, 2024 11:00am

Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle (NYSE:ORCL) revealed 39 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $139,890, and 35 were calls, valued at $3,947,276.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $230.0 for Oracle, spanning the last three months.

Analyzing Volume & Open Interest

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 $130.0 to $230.0 over the preceding 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 TRADE BULLISH 12/20/24 $5.0 $4.8 $4.95 $185.00 $1.7M 665 3.7K
ORCL CALL SWEEP NEUTRAL 11/15/24 $5.3 $5.2 $5.29 $175.00 $264.7K 1.3K 869
ORCL CALL SWEEP BULLISH 09/27/24 $4.45 $3.8 $4.45 $165.00 $178.0K 1.5K 971
ORCL CALL TRADE BEARISH 11/15/24 $3.65 $3.5 $3.55 $180.00 $177.5K 710 3.4K
ORCL CALL TRADE BULLISH 09/27/24 $4.1 $3.3 $4.1 $165.00 $123.0K 1.5K 309

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.

Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company's own performance.

Current Position of Oracle

  • With a trading volume of 8,897,618, the price of ORCL is up by 4.89%, reaching $169.96.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 84 days from now.

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

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