Mixed options sentiment in Oracle (ORCL), with shares up 16c, or 0.07%, near $218.78. Options volume roughly in line with average with 79k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.55. Implied volatility (IV30) dropped 1.67 near 31.63,and below the 52wk median, suggesting an expected daily move of $4.36. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Stifel.
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:
- Jefferies ‘incrementally bullish’ on Oracle following large cloud deals
- Large cloud deals ‘already in numbers’ for Oracle, says Citi
- Oracle’s Strong Market Position and Growth Potential: A Buy Recommendation by Sebastien Naji
- ‘OpenAI’s Use of Google’s AI Chips Is a Big Win,’ Says Morgan Stanley
- Top Analyst Upgrades Oracle Stock (ORCL) and Raises Price Target on Cloud Momentum