Sidewinder Update: Oracle (NASDAQ: ORCL)

By Karla Yeh,

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An investor bought the Oracle (NASDAQ: ORCL ) January 25-30 call spread 5,000 times at 10:03 a.m. EST and paid a net debit of $1.22 per bull call spread. The investor bought the 25-strike calls for $1.68 and sold the 30-strike calls for 46 cents. This is a moderately bullish strategy. ORCL did not announce any news this morning, and has not released an official earnings date. The market expects the quarterly report around March 17.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Options
Referenced Stocks: ORCL

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