Mixed options sentiment in Oracle (ORCL), with shares down $2.55 near $286.23. Options volume relatively light with 260k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.65. Implied volatility (IV30) dropped 0.97 near 50.0,in the top quartile of the past year, suggesting an expected daily move of $9.02. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Oracle (ORCL) Will Outperform AWS and Azure, Says KeyBanc
- Private Markets: Cerebras raises $1B in pre-IPO funding round
- Japanese Giant Hitachi Soars as it Partners with OpenAI in Data Center Deal
- BlackRock Stock (BLK) Up as GIP Gets Closer to $40B Acqusition of Data Centre Operator
- Why Amazon (AMZN) May Lose Its Cloud Computing Crown