Moderately bullish activity in Oracle (ORCL), with shares up $6.17, or 2.68%, near $236.15. Options volume running well above average with 160k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 2.2 points near 34.97,and above the 52wk median, suggesting an expected daily move of $5.20. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Stifel.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- ‘Time to Jump on Oracle (ORCL) Stock?’ as Top Analyst Assigns Street-High Price Target
- Oracle’s Revenue Growth Potential and Raised Price Target Highlighted by Analyst
- Oracle price target raised to ‘Street high’ $275 at TD Cowen
- Oracle Stock (ORCL) Soars as OpenAI Commits More to Stargate Infrastructure
- ‘Oracle Will Likely Need to Raise Capital,’ Says Five-Star BMO Analyst