Oracle Stock Options Attractive Ahead of Earnings Results

Oracle Corp (ORCL) is due to report its fiscal Q3 earnings on March 7 for the period ending Feb 28. ORCL stock still looks cheap here, given its strong free cash flow. Moreover, shorting out-of-the-money put options provides high yields and a way to set a buy-in target price.

ORCL is down today at $170.05, but still higher than when I wrote about it ($164) in my article on Jan. 21 (“Oracle Stock is Off Its Lows and Looks Cheap, Given Its Strong FCF“).

In that article, I argued that ORCL is…