Financial giants have made a conspicuous bearish move on Oracle. Our analysis of options history for Oracle (NYSE:ORCL) revealed 34 unusual trades.
Delving into the details, we found 32% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 18 were puts, with a value of $1,086,034, and 16 were calls, valued at $1,249,671.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $190.0 for Oracle during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $100.0 to $190.0 in the last 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | PUT | TRADE | BULLISH | 12/20/24 | $4.45 | $4.3 | $4.3 | $155.00 | $451.5K | 1.4K | 1.0K |
| ORCL | CALL | SWEEP | BEARISH | 11/15/24 | $7.1 | $7.05 | $7.05 | $165.00 | $369.4K | 3.2K | 561 |
| ORCL | CALL | TRADE | BEARISH | 10/18/24 | $2.76 | $2.71 | $2.71 | $167.50 | $144.1K | 0 | 837 |
| ORCL | CALL | SWEEP | BEARISH | 11/15/24 | $4.2 | $4.15 | $4.2 | $170.00 | $141.1K | 4.7K | 546 |
| ORCL | CALL | TRADE | BULLISH | 09/27/24 | $14.05 | $12.9 | $14.04 | $152.50 | $87.0K | 95 | 62 |
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.
In light of the recent options history for Oracle, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Oracle Standing Right Now?
- Currently trading with a volume of 4,549,439, the ORCL's price is down by -1.49%, now at $165.49.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 77 days.
What Analysts Are Saying About Oracle
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $165.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* An analyst from Morgan Stanley persists with their Equal-Weight rating on Oracle, maintaining a target price of $145. * Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Oracle, targeting a price of $140. * Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Oracle, targeting a price of $180. * An analyst from BMO Capital persists with their Market Perform rating on Oracle, maintaining a target price of $173. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Oracle, targeting a price of $190.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Oracle options trades with real-time alerts from Benzinga Pro.