Notable profits for the buyer who lifted the $1.54 offer for 2,308 Oracle (ORCL) Mar-26 150 puts yesterday at 10:27ET when underlying shares were trading at $167.04. Shares closed at $163.12, and the puts at $2.10 for a mark-to-market profit of 36%, or $129K, on the $355K outlay.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- Oracle price target raised to $320 from $310 at Citi
- Oracle’s ‘Restructuring Is Code for Layoffs,’ Analyst Warns — Can ORCL Stock Keep Rising?
- Oracle’s Common Stock Faces Structural Disadvantage to Mandatory Convertible Preferred Shares, Heightening Downside Risk for Investors
- Oracle Stock Skyrockets as Guggenheim Analyst Forecasts a Future ‘Free Cash Flow Waterfall in Fiscal 29 and 30’
- Oracle Earnings Call Showcases Surging Cloud And AI