Investors have taken a bearish stance on Oracle (NYSE:ORCL), which could signal upcoming market movements. Nine unusual options trades were detected for Oracle today, with the top traders split between bullish and bearish sentiments. The total amount of put options traded was $217,915, while call options amounted to $364,042, targeting a price range of $125.0 to $146.0 for Oracle over the past three months.
Looking at the volume and open interest of these contracts, it appears that whales have been actively trading within this price range. The options activity for Oracle over the past 30 days shows a mix of bearish and bullish trades, with varying strike prices and total commercial prices.
Oracle is a company that provides database technology and enterprise resource planning software to businesses globally. With 430,000 customers in 175 countries, Oracle has a strong employee base of 136,000. Currently trading at $144.71 with a volume of 2,095,628, Oracle’s stock price is up 0.23%, but RSI readings suggest it may be overbought.
Five industry analysts have shared their thoughts on Oracle, with an average target price of $139.6. Citigroup and JP Morgan analysts remain neutral on Oracle with target prices of $128 and $110, respectively. Deutsche Bank and Mizuho analysts maintain a buy rating with target prices of $165 and $170, while Morgan Stanley holds an equal-weight rating with a $125 target price.
Trading options involves risks but also offers the potential for higher profits. Skilled traders monitor market dynamics, use various indicators, and consider ongoing education to mitigate risks associated with trading. Stay informed about Oracle’s options trading with real-time alerts from Benzinga Pro.
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https://quantisnow.com/insight/looking-at-oracle’s-recent-unusual-options-activity-5595285