Moderately bullish activity in Oracle (ORCL), with shares up $7.70, or 3.19%, near $249.00. Options volume more than double the daily average with 211k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 1.5 points near 35.25,and below the 52wk median, suggesting an expected daily move of $5.53. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Overweight at Piper Sandler.
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