Whales with a lot of money to spend have taken a noticeably bullish stance Oracle.
Looking at the options history for Oracle (NYSE:ORCL), we detected 45 trades.
If we consider the specifics of each trade, it is correct to say that 37% of investors opened trades with bullish expectations and 35% with bearish ones.
Of the total spotted trades, there are 15 puts, for a total of $3,497,825, and 30 calls, for a total of $1,966,394.
What is the price target?
After evaluating trading volumes and Open Interest, it is clear that the main market moves are focused on a price range between $100.0 and $300.0 for Oracle, over the last three months.
Volume and open interest trends
In terms of liquidity and interest, the average open interest for Oracle options trades today is 3469.97 with a total volume of 8,253.00.
In the following chart we can track the evolution of the volume and open interest of call and put options for Oracle’s large money trades within a strike price range of $100.0 to $300.0 over the past 30 days.
Oracle 30-day snapshot of options volume and interest
Largest observed option trades:
| Symbol | BUY/BELL | Trade type | Sentiment | Execution Date | To ask | Bid | Price | Exercise price | Total trading price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | PUT DOWN | TRADE | NEUTRAL | 21/01/28 | $114.95 | $112.25 | $113.8 | $290.00 | $1.1 million | 309 | 101 |
| ORCL | PUT DOWN | TRADE | NEUTRAL | 21/01/28 | $114.95 | $112.25 | $113.6 | $290.00 | $1.1 million | 309 | 251 |
| ORCL | PUT DOWN | TRADE | BEARISH | 21/01/28 | $113.65 | $112.25 | $113.65 | $290.00 | $329.5K | 309 | 130 |
| ORCL | PHONE CALL | TRADE | BEARISH | 21/01/28 | $111.9 | $110.0 | $110.0 | $100.00 | $275.0K | 113 | 26 |
| ORCL | PUT DOWN | TRADE | NEUTRAL | 21/01/28 | $114.95 | $112.25 | $113.65 | $290.00 | $238.6K | 309 | 151 |
About Oracle
Oracle provides enterprise application and infrastructure offerings through a variety of flexible IT deployment models, including on-premise, cloud-based and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, commonly used by the world’s largest companies to process high-volume online transactions. In addition to databases, Oracle also sells enterprise resource planning platforms and cloud infrastructure that play an increasingly important role in training and inferring large language models.
Following our analysis of the options business associated with Oracle, let’s take a closer look at the company’s own performance.
Where is Oracle now?
- Trading volume stands at 4,410,319, while ORCL stock is down -1.47% to $195.08.
- RSI indicators indicate that the stock is currently neutral between overbought and oversold.
- Earnings announcement expected in 70 days.
Expert opinions about Oracle
A total of five professional analysts have weighed in on this stock over the last 30 days, setting an average price target of $288.8.
Unusual options Activity detected: smart money on the go
Benzinga Edge’s Unusual Options board identifies potential market moves before they happen. See what positions the big money is taking on your favorite stocks. Click here for access. * A Scotiabank analyst maintains their Sector Outperform rating on Oracle and maintains a $260 price target. * An analyst at B of A Securities maintains his position and maintains a buy rating on Oracle, with a target price of $300. * A Goldman Sachs analyst has decided to maintain his neutral rating on Oracle, which currently has a price target of $220. * Consistent with their assessment, a UBS analyst maintains a Buy rating on Oracle with a $325 price target. * A Bernstein analyst maintains his stance and maintains an Outperform rating for Oracle, with a target price of $339.
Options trading carries higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest Oracle options trades with real-time alerts from Benzinga Pro.
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