5.11Open4.00Pre Close27 Volume520 Open Interest141.00Strike Price9.03KTurnover26.48%IV0.34%PremiumJul 19, 2024Expiry Date2.07Intrinsic Value100Multiplier3DDays to Expiry0.48Extrinsic Value100Contract SizeAmericanOptions Type0.7111Delta0.0855Gamma49.59Leverage Ratio-0.1907Theta0.0110Rho35.27Eff Leverage0.0515Vega
Oracle Stock Discussion
Oracle Corporation (ORCL US) $Oracle(ORCL.US)$
Daily Chart -[BULLISH ↗ **] Market shaped a bullish breakout of ascending channel. We stay bullish on Oracle, expecting price to hold above 137.50 support, before shaping a new push higher towards 156.50 resistance. Technical indicators advocating for a bullish scenario.
Alternatively: A daily candlestick close below 137.50 support will open a correction towards next support at 128...
Let's!
$ServiceNow(NOW.US)$ $Salesforce(CRM.US)$ $Adobe(ADBE.US)$ $Oracle(ORCL.US)$
Joined the S&P 500 on June 24.
Shares rose steadily after a 34% revenue increase to $921 million and higher guidance for the year.
Focus on AI has fueled share growth since its 2019 IPO.
Shares up 52% in 2024.
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