Wealthy investors are showing a bullish stance towards Oracle (NYSE:ORCL), as indicated by significant options activities detected by Benzinga. This suggests a potentially major development on the horizon, although the identities of these investors remain unknown. Today, Benzinga’s options scanner revealed 13 notable activities related to Oracle, with an unusual level of activity seen.
Among these top options, there were 4 put options amounting to $172,185 and 9 call options totaling $376,681. This signals a varied sentiment among these heavyweight investors, with 46% feeling optimistic and 38% bearish. The desired price range for Oracle by these investors has been in the range of $65.0 to $200.0 over the past 3 months.
Analyzing the volume and open interest in these contracts provides insight into investor interest and liquidity in Oracle options. Major trades over the past 30 days have been monitored, showcasing activity linked to specific strike prices in the $65.0 to $200.0 range.
Oracle is a leader in the database technology and enterprise resource planning (ERP) software industry, serving customers worldwide since 1977. Presently, the trading volume for ORCL stands at 5,062,118, with the price at $144.36 showing a slight decline of -0.32%.
RSI indicators suggest that the stock may be overbought, and an earnings announcement is anticipated in 63 days. Professional analysts have weighed in on Oracle’s performance, with an average target price of $145.8. Recommendations range from Neutral to Outperform ratings, with price targets between $110 to $171.
Options trading comes with higher risks and potential rewards, requiring traders to stay informed, continually adapt their strategies, monitor indicators, and follow market movements closely. For real-time alerts on the latest Oracle options trades, looking to Benzinga Pro is one way to stay informed in this volatile market.
Article Source
https://quantisnow.com/insight/market-whales-and-their-recent-bets-on-orcl-options-5597183
