Oracle Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Oracle (NYSE:ORCL), with a majority of investors taking a bullish stance. The trades include 5 puts amounting to $244,551 and 7 calls amounting to $333,313. Whales have been targeting a price range from $105.0 to $175.0 for Oracle over the last 3 months. The current price of ORCL is down -1.04% at $115.25. Piper Sandler has downgraded its action to Overweight with a price target of $130.
August 21, 2023 | 4:15 pm
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Oracle has seen unusual options activity with a majority of investors taking a bullish stance. The current price of ORCL is down -1.04% at $115.25. Piper Sandler has downgraded its action to Overweight with a price target of $130.
The unusual options activity indicates that investors are speculating on the future price of Oracle, with a majority taking a bullish stance. This could potentially lead to increased volatility in the stock price. However, the current price is down, indicating a bearish sentiment in the short term. Piper Sandler's downgrade to Overweight with a price target of $130 suggests a positive outlook in the longer term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100