Notable profits for the buyer who lifted the $5.00 offer for 1,003 Oracle (ORCL) 10/24 weekly 280 puts yesterday at 10:59ET when underlying shares were trading at $283.54. Shares closed at $277.18, and the puts at $8.08 for a mark-to-market profit of 62%, or $309K, on the $502K outlay.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- Buy These 3 Tech Stocks Now, Say Five-Star Analysts
- Mixed options sentiment in Oracle with shares down 4.46%
- Cautious Hold on Oracle Amid AI Ambitions and Financial Risks
- Oracle price target raised to $320 from $310 at Goldman Sachs
- VRT vs. AMD: Which “Strong Buy” AI Stock Can Deliver Higher Upside?
