Oracle's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Oracle (NYSE:ORCL) through unusual options trades. Analysis reveals 47% bearish and 35% bullish trades, with significant activity in calls and puts. The price target range is $100 to $140. Oracle's stock is currently up 1.02% at $123.88, with RSI indicators suggesting it may be overbought. Next earnings are expected in 5 days.
June 06, 2024 | 5:31 pm
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Oracle (NYSE:ORCL) has seen significant bearish sentiment from financial giants through unusual options trades. The stock is currently up 1.02% at $123.88, but RSI indicators suggest it may be overbought. Next earnings are expected in 5 days.
The significant bearish sentiment from financial giants, as indicated by the unusual options trades, suggests a potential short-term decline in Oracle's stock price. The RSI indicators also hint at the stock being overbought, which could lead to a correction. The upcoming earnings report in 5 days adds to the uncertainty.
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