Check Out What Whales Are Doing With ORCL
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed significant options activity on Oracle (NYSE:ORCL), with over 9 transactions totaling $447,265 and 4 puts valued at $528,150. The activity suggests a price target range of $112.0 to $130.0 for ORCL. Notable trades include both bullish and bearish sentiments, with a mix of PUT and CALL options. Oracle's current market position shows a slight increase in stock price to $115.08, with potential indications of being oversold. The next earnings report is expected in 49 days.
April 22, 2024 | 2:16 pm
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Oracle sees significant options activity, suggesting a price target range of $112-$130. The stock is slightly up, with potential oversold indications. Earnings report due in 49 days.
The significant options activity, including both bullish and bearish trades, indicates investor interest and speculation on ORCL's future price movement. The current slight increase in stock price, combined with the anticipation of the upcoming earnings report, could lead to increased volatility and potential short-term price appreciation, especially if the earnings report exceeds market expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100