Deep-pocketed investors have recently taken a bullish stance on Oracle (ORCL), according to public options filings analyzed by Benzinga. This significant move suggests that something significant may be on the horizon, although the identities of these investors remain unknown. Benzinga’s Options Scanner highlighted 11 unusually high options activities for Oracle, indicating a level of activity that is out of the ordinary.
Among these investors, the sentiment is divided, with 45% leaning bullish and 36% leaning bearish. Noteworthy options include 2 puts totaling $74,785 and 9 calls totaling $670,265. Analysis of trading volumes and open interest indicates that market drivers are focusing on a price range between $110.0 and $195.0 for Oracle over the last three months.
Tracking volume and open interest can provide valuable insights when trading options, allowing investors to assess liquidity and interest levels for specific strike prices of Oracle. Looking at the volume and open interest of calls and puts for Oracle trades within a strike price range of $110.0 to $195.0 over the last 30 days reveals interesting trends.
Several important options were detected in the last 30 days, including bullish, bearish, and neutral sentiments towards Oracle’s future performance. Oracle, established in 1977, offers database technology and enterprise resource planning (ERP) software to companies worldwide. With 430,000 customers in 175 countries and a workforce of 136,000 employees, Oracle continues to be a key player in the tech industry.
At present, Oracle’s trading volume stands at 886,446, with a price increase of 0.24% to reach $124.9. However, the current Relative Strength Index (RSI) values suggest that the stock may be overbought. Investors should also note that the next earnings report for Oracle is scheduled in 18 days.
Options trading carries higher risks compared to stock trading but also presents greater profit potential. Serious options traders mitigate these risks by staying informed, adjusting trades as needed, following multiple indicators, and closely monitoring market trends. For real-time options trading alerts for Oracle and other companies, Benzinga Pro offers a valuable resource.
In conclusion, the recent bullish activity surrounding Oracle by deep-pocketed investors signals potential upcoming developments for the tech company. Monitoring options activities, sentiment trends, and market indicators can provide valuable insights for investors looking to capitalize on Oracle’s future performance.
Article Source
https://www.benzinga.com/insights/options/24/05/38987807/unpacking-the-latest-options-trading-trends-in-oracle
