Looking At Oracle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Oracle (NYSE:ORCL) has seen unusual options activity, with a significant number of bearish trades. Of the 18 unusual trades detected, 44% were bullish and 55% were bearish. The total amount for puts was $317,238 and for calls was $653,684. Whales have been targeting a price range from $85.0 to $125.0 for Oracle over the last 3 months. The current price of ORCL is down -1.02% at $107.6. Several financial institutions have updated their ratings and price targets for Oracle.
October 17, 2023 | 6:46 pm
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Oracle has seen unusual options activity, with a significant number of bearish trades. The current price of ORCL is down -1.02% at $107.6. Several financial institutions have updated their ratings and price targets for Oracle.
The unusual options activity, particularly the bearish trades, could indicate a negative sentiment towards Oracle. This, combined with the current price decrease, could potentially impact the stock price negatively in the short term. The updated ratings and price targets from financial institutions could also influence the stock price.
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