Wealthy investors have recently shown a bullish attitude towards Oracle (ORCL), an observation revealed through public options filings on Benzinga. This significant move indicates that something substantial may be on the horizon, although the identities of these investors remain unknown.
The high level of activity surrounding Oracle options is unusual, with a total of 13 extraordinary options activities being highlighted by Benzinga’s options scanner today. Among these trades are four put options valued at $172,185 and nine call options valued at $376,681, reflecting a range of bullish and bearish sentiments among top investors.
Analysis of the expected price range for Oracle over the past three months suggests that these investors are targeting a price range of $65.0 to $200.0. Evaluating volume and open interest in Oracle options at various strike prices is crucial for understanding the liquidity and investor interest in these contracts. Visualizing the fluctuation in volume and open interest over the past 30 days in the $65.0 to $200.0 strike price range provides insight into Oracle’s substantial trades.
Oracle, a company that provides database technology and ERP software to global businesses, has seen trading volume of 5,062,118 with a price of $144.36, indicating a slight decrease of -0.32%. With RSI indicators suggesting that the stock may be overbought, the company’s upcoming earnings announcement is expected in 63 days.
Expert opinions from five professional analysts in the last 30 days have set an average target price of $145.8 for Oracle. Analysts from Citigroup, Bernstein, JP Morgan, Keybanc, and B of A Securities have maintained their neutral, outperform, and overweight ratings on Oracle with price targets ranging from $110 to $171.
Options trading presents risks and potential rewards, and it is essential for traders to stay informed, manage risks, and adapt their strategies based on market movements. Benzinga Pro offers real-time alerts to help traders stay updated on the latest Oracle options trades.
Article Source
https://www.benzinga.com/insights/options/24/07/39673758/market-whales-and-their-recent-bets-on-orcl-options