Oracle Shares Climb 2.07% as Calls Lead Puts with 74,000 Contracts Traded
Oracle shares rose $3.09 (2.07%) to about $152.10 as 74,000 options contracts traded with calls leading puts and the put/call ratio at 0.45. Implied volatility slipped to 71.13, its highest decile, implying a $6.82 daily move and 50% odds of a >10.71% swing before earnings on March 10.
1. Options Volume and Put/Call Ratio
Oracle saw 74,000 options contracts change hands, with call activity outpacing puts and driving the put/call ratio down to 0.45, well below its typical 1.27 level. This skew suggests traders are favoring bullish or neutral bets over downside protection.
2. Implied Volatility and Earnings Outlook
Implied volatility (IV30) dropped 1.45 points to 71.13, placing it in the top 10% of readings for the past year and signaling an expected daily share move of $6.82. Option markets assign a 50% probability to a price swing exceeding 10.71% (about $16.30) ahead of Oracle’s March 10 after-hours earnings release.