Whales with a lot of money to spend have taken a noticeably bullish stance on Oracle.
Looking at options history for Oracle (NYSE:ORCL) we detected 51 trades.
If we consider the specifics of each trade, it is accurate to state that 49% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 32 are puts, for a total amount of $3,260,682 and 19, calls, for a total amount of $686,501.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $97.5 and $140.0 for Oracle, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $97.5 to $140.0 in the last 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
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 | TRADE | NEUTRAL | 01/17/25 | $2.92 | $2.78 | $2.84 | $97.50 | $704.0K | 3.4K | 3.0K |
| ORCL | PUT | SWEEP | BEARISH | 09/20/24 | $6.1 | $6.0 | $6.0 | $115.00 | $600.1K | 3.7K | 1.0K |
| ORCL | PUT | TRADE | BULLISH | 06/28/24 | $1.38 | $0.67 | $0.78 | $105.00 | $206.7K | 74 | 2.6K |
| ORCL | PUT | SWEEP | BULLISH | 06/21/24 | $4.2 | $4.15 | $4.15 | $116.00 | $147.7K | 322 | 539 |
| ORCL | PUT | SWEEP | BULLISH | 01/17/25 | $2.85 | $2.83 | $2.84 | $97.50 | $145.1K | 3.4K | 511 |
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.
Where Is Oracle Standing Right Now?
- With a volume of 10,808,885, the price of ORCL is down -5.37% at $117.09.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 11 days.
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.