Decoding Oracle's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish sentiment towards Oracle (NYSE:ORCL) with 31 unusual options trades, predominantly calls. The projected price range is $105 to $240, with a current price of $173.09. Oracle's stock is up 1.84%, but RSI suggests it may be overbought.
October 08, 2024 | 6:15 pm
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Oracle's options activity shows a bullish trend with 26 call trades valued at $2.15M, indicating positive sentiment. The stock is currently up 1.84% at $173.09, but RSI suggests it may be overbought.
The analysis of Oracle's options activity reveals a strong bullish sentiment with a significant number of call trades. The stock's recent price increase aligns with this sentiment, although the RSI suggests caution due to potential overbought conditions.
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