Mixed options sentiment in Oracle (ORCL), with shares down $14.35 near $293.51. Options volume extremely heavy with 1.19m contracts traded and puts leading calls for a put/call ratio of 1.01, compared to a typical level near 0.72. Implied volatility (IV30) dropped 0.64 near 43.76,and above the 52wk median, suggesting an expected daily move of $8.09. 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:
- Unusually active option classes on open September 12th
- Why Are Investors Rushing Into Alibaba Stock (BABA) Now?
- Microsoft Stock (MSFT) Rises 2% on OpenAI Restructuring Deal
- Oracle (ORCL) Stock Wins a New Street-High Price Target
- DA Davidson technology analysts hold an analyst/industry conference call