ORCL – Oracle Corporation – Plain-vanilla call buying activity observed today on software manufacturer, Oracle Corp., suggests some options investors are itching for a sharp rally in the price of the underlying shares by September expiration. Oracle’s shares increased 0.30% to trade at $23.27 as of 12:35 pm (ET). Long-term optimistic individuals picked up roughly 3,200 calls at the September $29 strike for an average premium of $0.04 per contract. Call buyers at this strike price make money only if Oracle’s shares rally 24.8% from the current price of $23.27 to trade above the average breakeven point to the upside at $29.04 by September expiration.
Affiliation: Interactive Brokers
Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.
Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.
Visit: Interactive Brokers