Saad Ullah
⬤ Oracle stock climbed 1.5% on Monday, pushing above $201 during morning trading. This modest recovery comes after a brutal month that saw shares plunge roughly 30%. The intraday bounce suggests some traders are betting on a potential turnaround after weeks of heavy selling.
⬤ Options flow data shows an interesting split between bulls and bears. Call premiums flipped positive at the session open while put premiums stayed sharply negative. Volume spiked above 5,000 contracts early on, with call buyers stepping in as the stock tried to find its footing. The data shows put flow had been running the show during the recent selloff, matching up with that steep monthly decline.
⬤ ORCL bounced around between $198 and $201 throughout the day, dipping lower before call buyers jumped back in. The gap between rising call premiums and falling put premiums points to improving short-term sentiment, though the bigger picture still looks shaky after that 30% haircut.
⬤ This shift in options activity matters because Oracle's been dealing with serious volatility lately. The uptick in call demand could mean traders think the worst is over, or at least that a technical bounce is coming. But the persistent put activity shows plenty of people still aren't convinced the bleeding has stopped.
Saad Ullah
