Oracle Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Oracle (NYSE:ORCL) as indicated by unusual options activity. The sentiment among big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $75.0 to $160.0 for Oracle over the last 3 months. The price of ORCL is up 1.35% at $120.5. Next earnings are expected to be released in 55 days.
July 18, 2023 | 5:15 pm
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Unusual options activity indicates a bearish stance on Oracle. The sentiment among big-money traders is split between 43% bullish and 56% bearish. The price of ORCL is up 1.35% at $120.5.
The unusual options activity, with a significant bearish stance, indicates that there may be a negative sentiment towards Oracle. This could potentially lead to a decrease in the stock price in the short term. However, the stock price is currently up, indicating a mixed market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100