Looking At Oracle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Oracle (NYSE:ORCL), with a bearish stance being taken by a whale investor. Of the 15 strange trades detected, 46% were bullish and 53% were bearish. The trades included 10 puts worth $1,170,865 and 5 calls worth $220,876. The targeted price range for Oracle over the last 3 months has been $97.5 to $125.0. Piper Sandler has downgraded its action to Overweight with a price target of $130.
August 18, 2023 | 5:01 pm
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Oracle has seen significant unusual options activity, with a bearish stance taken by a whale investor. The targeted price range for Oracle over the last 3 months has been $97.5 to $125.0. Piper Sandler has downgraded its action to Overweight with a price target of $130.
The bearish stance taken by a whale investor indicates a potential decrease in Oracle's stock price. The large volume of puts compared to calls also suggests a bearish sentiment. However, Piper Sandler's downgrade to Overweight with a price target of $130 suggests a potential upside.
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