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Moderately bullish activity in Oracle with shares up 1.29%

Moderately bullish activity in Oracle (ORCL), with shares up $3.23, or 1.29%, near $253.83. Options volume roughly in line with average with 154k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 1.8 points near 35.29,and above the 52wk median, suggesting an expected daily move of $5.64. Put-call skew steepened, indicating increased demand for downside protection.

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