Usman Salis
When big money starts making bold moves in the options market, it's worth paying attention. This week, Oracle ($ORCL) caught traders' eyes after millions of dollars poured into out-of-the-money call options, suggesting some serious bullish positioning ahead.
What's Happening in the Options Market
Trader Rocky - The Stock Trader Hub highlighted the unusual flow, noting that Oracle just entered a critical technical zone where the next move could be decisive.
The data tells a clear story. Nearly $3 million has flooded into $310 strike calls expiring October 17, with over 5,000 contracts changing hands at an average price around $5.18. Overall net call premium spiked by almost $8 million, and call buying dramatically outweighed put activity. This isn't typical retail behavior—it looks more like institutional money taking a calculated position on upside potential in the coming days.
Price Action and Technical Picture
Oracle's chart is lining up with the options flow. Shares closed at $289.86, up nearly 2% on the day, with $285 holding firm as support. If the stock can break cleanly above $290 and hold, the path opens toward the $300–$310 range where traders have stacked their bets. Volume in both the stock and options markets has picked up noticeably, adding weight to the bullish case.
Oracle's been gaining momentum as it deepens its position in cloud infrastructure and AI partnerships. With large-cap tech names continuing to lead the broader market, investors seem willing to bet that Oracle can extend its rally into the next earnings cycle. The combination of strong fundamentals and technical setup is attracting both momentum traders and longer-term bulls.
Usman Salis
