Followers | 680 |
Posts | 141366 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Thursday, September 02, 2021 2:02:27 PM
By: Schaeffer's Investment Research | September 2, 2021
• Now looks like a perfect time to speculate on Oracle stock’s next move higher with options
• There’s reason to believe the software stock could add to its year-to-date positive price action
While Oracle Corporation (NYSE:ORCL) stock has cooled some since its mid-August all-time highs, the equity found a comfortable leg of support at its 40-day moving average, which has helped capture pullbacks in the past. Plus, ORCL sports an impressive 38% year-to-date lead, and there’s reason to believe the software stock could add to this positive price action, making now the perfect time to buy calls on ORCL.
The security looks ripe for analyst upgrades, too. Of the 19 in coverage, 13 consider ORCL a “hold.” What’s more, the 12-month consensus price target of $81.67 is an 8.6% discount to current levels, meaning a few price-target hikes could be on the horizon as well.
An unwinding of bearish sentiment in the options pits could also put some wind at Oracle stock’s back. The security’s Schaeffer’s put/call open interest ratio (SOIR) of 1.10 stands higher than 93% of readings from the past year, indicating short-term options traders have rarely been more put-biased over the past year during this time.
The equity has shown underlying strength. Specifically, short interest has added 50% over the past five months, while ORCL has tacked on 25% in that same time period.
As we stated before, now looks like a perfect time to speculate on Oracle stock’s next move higher with options. The stock sports a Schaeffer’s Volatility Index (SVI) of 30%, which stands in the 31st percentile of its annual range, meaning options traders are pricing in relatively low volatility expectations at the moment. Lastly, our recommended call has a leverage ratio of 9.1 and will double in price with a 10.3% rise in the underlying stock.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent ORCL News
- Nike Cuts Jobs at Converse, Ilya Sutskever Departs from OpenAI, WBD Increases Buyback Offer, and More News • IH Market News • 05/15/2024 11:49:06 AM
- Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems • PR Newswire (US) • 05/14/2024 12:00:00 PM
- Oracle Hospitality Hotel Merchandising Solution to be Offered to Choice Hotels International's Portfolio of Upscale Hotels • PR Newswire (US) • 05/14/2024 11:45:00 AM
- Oracle Increases Research and Development Investments in Morocco • PR Newswire (US) • 05/09/2024 07:29:00 PM
- Oracle Named a Leader in Utilities CIS and Billing IDC MarketScape • PR Newswire (US) • 05/09/2024 12:00:00 PM
- Oracle Introduces New AI-Powered Skills Solution to Help Organizations Drive Employee and Business Growth • PR Newswire (US) • 05/08/2024 12:00:00 PM
- Oracle Code Assist Can Help Developers Build Applications Faster with AI • PR Newswire (US) • 05/07/2024 12:00:00 PM
- Oracle Named a Leader in 2024 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions • PR Newswire (US) • 05/07/2024 12:00:00 PM
- Red Hat OpenShift Generally Available on Oracle Cloud Infrastructure • Business Wire • 05/06/2024 03:00:00 PM
- Accenture and Oracle Collaborate to Help Clients Accelerate Generative AI Adoption, Starting with the Finance Organization • Business Wire • 05/06/2024 11:59:00 AM
- Oracle Database 23ai Brings the Power of AI to Enterprise Data and Applications • PR Newswire (US) • 05/02/2024 03:00:00 PM
- Oracle and TIM Collaborate to Accelerate Cloud Adoption in Italy • PR Newswire (US) • 05/02/2024 12:51:00 PM
- Oracle Advances Global RTSM Capabilities to Help Sponsors • PR Newswire (US) • 05/01/2024 12:58:00 PM
- Oracle Energy and Water Awards Recognize Utilities Leading in Industry Transformation and Innovation • PR Newswire (US) • 05/01/2024 12:00:00 PM
- CPS Energy to Power its Operations with Oracle Cloud • PR Newswire (US) • 04/30/2024 12:15:00 PM
- Oracle Introduces New AI Capabilities to Help Organizations Boost Sales • PR Newswire (US) • 04/25/2024 01:48:00 PM
- Oracle U.S. Government Cloud Customers Accelerate Sovereign AI with NVIDIA AI Enterprise • PR Newswire (US) • 04/25/2024 12:00:00 PM
- Oracle Helps Federal Agencies Optimize Finance in the Cloud • PR Newswire (US) • 04/25/2024 12:00:00 PM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Oracle Protects Healthcare Customers Against Cyberattacks • PR Newswire (US) • 04/23/2024 08:15:00 PM
- Major Global Businesses Adopt Oracle Database@Azure Worldwide • PR Newswire (US) • 04/23/2024 12:00:00 PM
- Oracle Helps Healthcare Organizations Solve Critical Supply Chain, HR, and Finance Challenges • PR Newswire (US) • 04/23/2024 12:00:00 PM
- Auxilio Mutuo Hospital Selects Oracle Health's EHR to Improve Patient Experience • PR Newswire (US) • 04/22/2024 12:15:00 PM
- Oracle Cloud Service Enables Banks to Manage Climate Change Risk Across Portfolios • PR Newswire (US) • 04/22/2024 12:00:00 PM
- Oracle Cloud Secret Impact Level 6 Regions for U.S. Department of Defense • PR Newswire (US) • 04/22/2024 12:00:00 PM
FEATURED Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • May 17, 2024 11:00 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM