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 bearish stance taken by a 'whale' investor. Of the 15 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $975,894 and for calls was $1,338,717. Whales have been targeting a price range from $85.0 to $120.0 for Oracle over the last 3 months. Oracle's current price is $102.68, down 0.95%. Evercore ISI Group, Morgan Stanley, and BMO Capital have given price targets of $135, $107, and $130 respectively.
October 24, 2023 | 5:00 pm
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Oracle has seen unusual options activity, with a bearish stance taken by a 'whale'. The company's stock price is currently down 0.95% at $102.68. Analysts from Evercore ISI Group, Morgan Stanley, and BMO Capital have given price targets of $135, $107, and $130 respectively.
The bearish stance taken by a 'whale' investor in Oracle's options activity indicates a potential downward pressure on the stock price. This, coupled with the current decrease in the stock price, suggests a negative short-term impact. However, the price targets given by analysts are higher than the current price, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100