Oracle Stock Nears $208 Resistance on Bullish Options; Wins $88M Defense AI Order
Oracle's stock formed a double bottom near $165-$170 and is climbing toward its $208 200-day moving average with heavy June 200–240 and August 210 call volume. It won an $88 million Cloud One order from the Air Force through 2028 and supports Top Secret AI workloads in its government cloud.
1. Bullish Chart Patterns and Options Activity
Oracle's chart shows a W-shaped double bottom around $165-$170, with a series of higher highs and higher lows driving the stock toward its 200-day moving average at approximately $208. Traders have amassed significant call open interest in June 200–240 strikes and August 210 strikes, indicating growing bullish sentiment in the options market.
2. Expansion in Defense AI and Government Cloud
Oracle secured an $88 million Cloud One order from the Air Force through 2028, expanding its foothold in defense cloud modernization. The company's government cloud now supports Top Secret and Special Access AI workloads, positioning Oracle as a key provider of secure AI infrastructure for classified applications.