Smart Money Is Betting Big In ORCL Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown significant interest in Oracle (NYSE:ORCL) options, with a notable split in sentiment: 41% bullish and 50% bearish. This unusual activity, detected by Benzinga's options scanner, includes 12 trades with a total of $605,192 in calls and puts. The price window for these options ranges from $115.0 to $165.0. Oracle's stock is currently trading at $142.38, up by 1.57%, but RSI readings suggest it may be overbought.
June 28, 2024 | 3:16 pm
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Significant options trading activity in Oracle (NYSE:ORCL) has been detected, with a split sentiment among major investors. The stock is currently trading at $142.38, up by 1.57%, but RSI readings suggest it may be overbought.
The detection of significant options trading activity with a split sentiment indicates mixed expectations among major investors. While the stock is currently up, the RSI suggests it may be overbought, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100