Options Market Statistics: Oracle Plunges 8% Following Q2 Revenue Miss, Options Pop
News Highlight
$Tesla (TSLA.US)$ shares fell by 1.68%, closing at $239.74. Its options trading volume is 1.40 million. Call contracts account for 54.2% of the whole trading volume.
$Advanced Micro Devices (AMD.US)$ shares rose by 4.26%, closing at $134.41. Its options trading volume is 1.00 million. Call contracts account for 70.9% of the whole trading volume.
$Oracle (ORCL.US)$ shares rose by 1.34%, closing at $115.13. Its options trading volume is 0.27 million. Call contracts account for 64.0% of the whole trading volume.
Shares of Oracle dropped over 8% after-hours today following the announcement of the company's Q2 results. Oracle reported a shortfall in its quarterly revenue, attributed to a challenging economic environment and heightened competition in the cloud computing sector, impacting the demand for its cloud services.
Oracle reported Q2 revenue of $12.9 billion (up 5% year-over-year), missing the consensus estimate of $13.05B. EPS came in at $1.34, compared to the consensus estimate of $1.33.
The company saw a 12% increase in its Cloud services and license support revenue, reaching $9.6B. However, cloud license and on-premise license revenues witnessed a downturn, decreasing 18% to $1.2B.
Demand for our Cloud Infrastructure and Generative AI services is increasing at an astronomical rate. As a measure of that demand, Oracle's total Remaining Performance Obligations (RPO) climbed to over $65 billion—exceeding annual revenue," said CEO Safra Catz.
Unusual Stock Options Activity
Some notable call activity is being seen in $Starbucks (SBUX.US)$, which is primarily being driven by activity on the Dec 15th 102.00 call. Volume on this contract is 30,330 versus open interest of 225.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC, Reuters
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