What the Options Market Tells Us About Oracle
Portfolio Pulse from Benzinga Insights
The options market shows a bullish sentiment towards Oracle (NYSE:ORCL), with 48% of trades being bullish and a significant amount of call options. The predicted price range for Oracle is between $140 and $220. The stock is currently priced at $176.33, with RSI indicators suggesting it may be overbought.
October 14, 2024 | 7:31 pm
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The options market indicates a bullish sentiment for Oracle, with a significant number of call options and a predicted price range of $140-$220. The stock is currently priced at $176.33, with RSI indicators suggesting it may be overbought.
The options market shows a strong bullish sentiment with 28 call options totaling $3,106,386 compared to 11 put options totaling $669,392. This suggests that investors expect Oracle's stock price to rise. The current stock price is $176.33, and the predicted price range is $140-$220, indicating potential for upward movement. However, RSI indicators suggest the stock may be overbought, which could limit short-term gains.
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