A 20-year-old professional trader has revealed his innovative trading strategy known as “MoneyLine.” This simple line on a chart helps determine when to buy and sell without the need for complicated indicators. Nic Chahine has successfully used this method to win 83% of his options purchases.
In recent options activity for Oracle (NYSE:ORCL), there has been a notable bearish movement, with 34 unusual operations detected. A breakdown of the data shows that 35% of traders are bullish, while 47% are showing bearish trends. The operations included 4 put options valued at $143,050 and 30 call options valued at $1,413,298. The target price range for Oracle appears to be between $100.0 and $140.0 based on the volume and open interest of these contracts over the past 3 months.
Monitoring volume and open interest is crucial when trading options, as it helps track liquidity and interest for specific strike prices. The evolution of volume and open interest for Oracle within the $100.0 to $140.0 strike price range over the last 30 days is detailed in the options activity summary. Oracle provides database technology and ERP software to companies globally, with a large customer base and employee count.
Oracle’s current position shows a price increase to $123.88 with a volume of 3,127,903, indicating potential overbought conditions according to RSI indicators. The next earnings release is expected in 5 days. Options trading involves risks but also the potential for high profits. Traders can mitigate these risks by staying informed, making strategic adjustments, and utilizing various indicators. Benzinga Pro offers real-time alerts for staying updated on options trading for Oracle.
In conclusion, the “MoneyLine” strategy has proven successful for a young trader in navigating the complexities of options trading. The recent bearish movement in Oracle’s options activity highlights ongoing market dynamics that traders need to consider. Staying informed and using effective strategies can help traders make sound investment decisions in the ever-changing financial landscape.
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https://www.benzinga.com/amp/content/39212777
