Looking At Oracle's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Oracle (NYSE:ORCL), with significant investors showing a bullish sentiment. The options activity includes 11 extraordinary trades, with 9 calls and 2 puts, suggesting a potential price target between $120 and $210. Oracle's stock is currently trading at $167.96, up by 1.3%.
September 25, 2024 | 2:46 pm
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Oracle has experienced unusual options activity, with a majority of trades being bullish. This suggests potential upward movement in the stock price, with investors targeting a price range of $120 to $210.
The unusual options activity, with a significant number of bullish trades, indicates that investors are expecting Oracle's stock price to rise. The targeted price range of $120 to $210 suggests confidence in Oracle's future performance. The current stock price increase of 1.3% aligns with this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100