Deep-pocketed investors have adopted a bearish approach towards Oracle (NYSE:ORCL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ORCL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 36 extraordinary options activities for Oracle. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 47% bearish. Among these notable options, 18 are puts, totaling $682,039, and 18 are calls, amounting to $1,032,774.
What's The Price Target?
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 $160.0 for Oracle, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Oracle's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Oracle's substantial trades, within a strike price spectrum from $105.0 to $160.0 over the preceding 30 days.
Oracle 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORCL | CALL | TRADE | BEARISH | 07/19/24 | $15.55 | $14.35 | $14.59 | $130.00 | $112.3K | 639 | 1 |
| ORCL | PUT | SWEEP | NEUTRAL | 09/20/24 | $17.75 | $16.2 | $17.11 | $160.00 | $85.5K | 130 | 0 |
| ORCL | CALL | TRADE | BEARISH | 01/17/25 | $19.5 | $19.0 | $19.0 | $135.00 | $74.1K | 1.7K | 4 |
| ORCL | CALL | TRADE | BEARISH | 01/16/26 | $40.25 | $39.2 | $39.2 | $115.00 | $70.5K | 205 | 0 |
| ORCL | CALL | SWEEP | BULLISH | 12/18/26 | $41.0 | $38.4 | $38.63 | $125.00 | $69.4K | 0 | 0 |
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
Oracle's Current Market Status
- Currently trading with a volume of 3,763,261, the ORCL's price is up by 1.25%, now at $144.55.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 59 days.
What The Experts Say On Oracle
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $154.0.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Oracle, which currently sits at a price target of $150.
- In a cautious move, an analyst from Mizuho downgraded its rating to Buy, setting a price target of $170.
- Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Oracle, targeting a price of $165.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Oracle, targeting a price of $160.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Oracle, which currently sits at a price target of $125.
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.
If you want to stay updated on the latest options trades for Oracle, Benzinga Pro gives you real-time options trades alerts.