Decoding Oracle's Options Activity: What's the Big Picture?
Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle ORCL revealed 31 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 32% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $496,018, and 26 were calls, valued at $2,152,301.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $240.0 for Oracle over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Oracle options trades today is 2580.0 with a total volume of 47,926.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Oracle’s big money trades within a strike price range of $105.0 to $240.0 over the last 30 days.
Oracle Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | SWEEP | BULLISH | 12/20/24 | $7.5 | $7.45 | $7.5 | $180.00 | $375.0K | 6.7K | 862 |
| ORCL | CALL | TRADE | BEARISH | 10/18/24 | $2.98 | $2.94 | $2.94 | $172.50 | $362.2K | 2.0K | 5.4K |
| ORCL | PUT | TRADE | BEARISH | 01/17/25 | $6.9 | $6.8 | $6.9 | $165.00 | $345.0K | 807 | 517 |
| ORCL | CALL | TRADE | BULLISH | 10/18/24 | $3.05 | $2.92 | $3.05 | $172.50 | $152.1K | 2.0K | 6.6K |
| ORCL | CALL | TRADE | BULLISH | 01/16/26 | $19.75 | $19.6 | $19.75 | $190.00 | $98.7K | 289 | 51 |
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.
Following our analysis of the options activities associated with Oracle, we pivot to a closer look at the company’s own performance.
Oracle’s Current Market Status
- With a trading volume of 3,778,763, the price of ORCL is up by 1.84%, reaching $173.09.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 62 days from now.
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.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Oracle with Benzinga Pro for real-time alerts.
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