Bullish flow in Oracle (ORCL), with shares up $6.64, or 2.27%, near $298.82. Options volume more than double the daily average with 420k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.75. Implied volatility (IV30) is higher by 5.3 points near 49.19,in the top quartile of the past year, suggesting an expected daily move of $9.26. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at BofA.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- Oracle’s Stock (ORCL) Jumps on Speculation It’s Involved in TikTok Deal
- DA Davidson technology analysts hold an analyst/industry conference call
- Early notable gainers among liquid option names on September 15th
- Oracle’s AI Surge Boosts Stock but $300 Billion OpenAI Deal Raises Risk