Peering Into Oracle's Crystal Ball: After Post-Earnings Surge, Options Market Reveals Key Trading Levels
Portfolio Pulse from Bhavik Nair
Oracle Corporation (ORCL) shares surged nearly 6% after strong Q4 earnings, with revenue reaching $13.8 billion, a 17% annual increase. The options market reveals potential resistance at the $120 Call strike and support between $100 and $105 Put strikes.
June 13, 2023 | 10:15 am
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Oracle's strong Q4 earnings led to a 6% surge in stock price, with revenue at $13.8 billion. Options market suggests resistance at $120 Call strike and support between $100 and $105 Put strikes.
Oracle's strong Q4 earnings report led to a surge in its stock price, indicating positive investor sentiment. The options market reveals potential resistance at the $120 Call strike, suggesting limited upside in the short term. However, support levels between $100 and $105 Put strikes indicate a potential cushion in case of a sell-off. The stock's recent performance and options market data suggest a positive short-term impact on Oracle's stock price.
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