This Is What Whales Are Betting On Oracle
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Oracle (NYSE:ORCL), with a significant move detected in options trading. Benzinga's tracking revealed 15 unusual options activities, with a bearish majority among investors. The options trading suggests an expected price window for Oracle between $100.0 to $125.0. Notable trades include bearish and bullish sentiments across various expiration dates and strike prices. Oracle's current market position shows a slight price decrease and an upcoming earnings announcement.
February 20, 2024 | 5:30 pm
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Oracle has seen significant options trading activity, indicating a bearish sentiment among large investors. The expected price window is between $100 and $125, with the stock currently experiencing a slight decrease in price.
The bearish sentiment among deep-pocketed investors, as indicated by the options trading activity, suggests a potential decrease in Oracle's stock price in the short term. The significant amount of money involved in both puts and calls, with a majority leaning towards bearish bets, underlines the investors' expectation of a price movement within the specified window. The current slight decrease in Oracle's stock price and the upcoming earnings announcement further support the bearish outlook.
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