High-rolling investors have positioned themselves bearish on Oracle (NYSE:ORCL), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ORCL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 31 options trades for Oracle. This is not a typical pattern.
The sentiment among these major traders is split, with 12% bullish and 74% bearish. Among all the options we identified, there was one put, amounting to $58,344, and 30 calls, totaling $2,558,186.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $180.0 for Oracle, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Oracle's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Oracle's whale trades within a strike price range from $105.0 to $180.0 in the last 30 days.
Oracle Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BEARISH | 09/20/24 | $6.35 | $6.2 | $6.2 | $150.00 | $992.0K | 5.7K | 250 |
| ORCL | CALL | SWEEP | NEUTRAL | 09/20/24 | $9.95 | $9.8 | $9.85 | $140.00 | $265.9K | 8.4K | 2 |
| ORCL | CALL | SWEEP | BEARISH | 07/19/24 | $5.4 | $5.25 | $5.25 | $140.00 | $105.0K | 5.2K | 651 |
| ORCL | CALL | TRADE | NEUTRAL | 01/17/25 | $3.95 | $3.85 | $3.9 | $175.00 | $101.7K | 1.1K | 42 |
| ORCL | CALL | SWEEP | BULLISH | 07/19/24 | $4.95 | $4.9 | $4.95 | $140.00 | $99.0K | 5.2K | 101 |
About Oracle
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
Having examined the options trading patterns of Oracle, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Oracle
- Currently trading with a volume of 2,944,377, the ORCL's price is up by 1.49%, now at $143.42.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 83 days.
Expert Opinions on Oracle
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $130.6.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Oracle, targeting a price of $155.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Oracle, targeting a price of $128.
- An analyst from Citigroup has decided to maintain their Neutral rating on Oracle, which currently sits at a price target of $140.
- An analyst from Morgan Stanley persists with their Equal-Weight rating on Oracle, maintaining a target price of $125.
- An analyst from DA Davidson persists with their Neutral rating on Oracle, maintaining a target price of $105.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.