Investors with significant capital have taken a bearish approach towards Oracle, as indicated by unusual options trades detected by Benzinga. The sentiment of these top traders leans towards the bearish side, with 33% bullish and 66% bearish trades identified. The options scanner found 9 unusual options trades for Oracle, including 2 put options totaling $217,915 and 7 call options totaling $364,042. These trades suggest that whales have been targeting a price range of $125.0 to $146.0 for Oracle over the past 3 months.
By analyzing the volume and open interest of put and call options within the strike price range of $125.0 to $146.0 for Oracle over the past 30 days, it becomes evident that significant options activity has taken place. Specific trades including puts and calls with various expiry dates, strike prices, and total commercial prices have been detected.
Oracle, a leading provider of database technology and ERP software, has 430,000 customers in 175 countries and 136,000 employees. Currently trading at $144.71 with a volume of 2,095,628, Oracle has experienced a 0.23% increase in price. Technical indicators suggest that the stock may be overbought, and an earnings release is expected in 66 days.
Various analysts have provided their insights on Oracle, with an average target price of $139.6. Citigroup remains Neutral with a $128 target price, while Deutsche Bank maintains a Buy rating with a $165 target. Mizuho has downgraded its rating to Buy with a target price of $170, while Morgan Stanley and JP Morgan have respective target prices of $125 and $110.
Trading options involves risks but can lead to higher profits with skillful strategies. Traders can manage these risks through education, strategic adjustments, indicator usage, and market analysis. Stay informed about Oracle options trading with real-time alerts from Benzinga Pro.
Article Source
https://www.benzinga.com/insights/options/24/07/39650166/looking-at-oracles-recent-unusual-options-activity