Software giant Oracle has pulled back, and the bulls are
optionMONSTER's tracking systems detected the purchase of about
10,400 April 34 calls against open interest of 1,035 contracts on
Friday. Most of them priced for $1.42 to $1.44, but premiums rose
to as much as $1.65 when the stock inched higher.
lock in the price where investors can buy shares. They can provide
huge leverage relative to the share price but can also lose most or
all of their value from even a small decline. (See our
ORCL was little-changed when the trades began but then started
climbing and ended the session up 1.37 percent to $34.75. The
database company gapped higher after a strong earnings report in
December and hit a 19-month higher in January. It's been retreating
since then and is now attempting to bounce at its 50-day moving
Total option volume was slightly above average in the name, but
calls outnumbered puts by a bullish ratio of almost 4 to 1.
(A version of this post appeared on
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