Oracle Unusual Options Activity For December 07
Portfolio Pulse from Benzinga Insights
Oracle (NYSE:ORCL) has seen unusual options activity with a bullish sentiment from financial giants, with 75% of traders being bullish. Analysis of options history revealed 8 trades, with 6 puts valued at $434,550 and 2 calls valued at $89,200. The predicted price range for Oracle over the next three months is $80.0 to $130.0. The volume and open interest for options within this range have been analyzed, with significant trades listed. Oracle's current stock price is $112.4, up by 0.33%, with a neutral RSI indicator and an earnings announcement expected in 4 days.
December 07, 2023 | 3:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Oracle has experienced unusual options activity indicating a bullish sentiment among traders. The stock is currently trading at $112.4 with a neutral RSI, and an earnings announcement is expected soon.
The bullish options activity suggests that traders anticipate a potential increase in Oracle's stock price, especially with an earnings announcement on the horizon. The current neutral RSI indicates that the stock is not overbought or oversold, which may support a stable or positive price movement in the short term. The confidence score is not at the maximum due to the inherent unpredictability of the market response to earnings reports and the mixed sentiment of the options trades.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100