High-level investors have taken a bearish position on Oracle (ORCL), as detected through Benzinga’s monitoring of publicly available options data. The identities of these investors remain unknown, but their significant move in ORCL suggests the possibility of insider information. Benzinga’s options scanner revealed 12 unusual options trades for Oracle today, a pattern that deviates from the norm.
The sentiment among these top traders is divided, with 41% being bullish and 50% taking a bearish stance. Among the identified options, there was one put valued at $54,000 and 11 calls totaling $551,192. These big players appear to have an eye on a price range of $115.0 to $165.0 for Oracle based on the volume and open interest in the contracts.
Evaluating the volume and open interest offers insight into liquidity and investor interest in Oracle options across strike prices ranging from $115.0 to $165.0 over the previous 30 days. The options volume and interest summary showcases key Oracle trades, including calls and puts, with varying sentiments and trade types.
Oracle, a provider of database technology and enterprise resource planning software, has a history dating back to 1977. With a wide customer base and a substantial employee count, Oracle remains a significant player in the tech industry.
As of now, Oracle is trading with a volume of 2,126,888 and a price of $142.38, reflecting a 1.57% increase. However, RSI readings suggest a possible overbought situation. Earnings release is anticipated in 73 days, adding another element of uncertainty to Oracle’s future performance.
Options trading poses risks and rewards that savvy traders navigate through continuous education, adaptable strategies, and diligent monitoring of market movements. Staying informed about the latest Oracle options trades with real-time alerts from Benzinga Pro can aid traders in making informed decisions.
Article Source
https://www.benzinga.com/insights/options/24/06/39551776/smart-money-is-betting-big-in-orcl-options
