Investors Show Bearish Sentiment Toward Oracle Ahead of Earnings with Heavy Put Options Trading
Unusually heavy trading in deep out-of-the-money (OTM) put options for Oracle Corp. (ORCL) indicates bearish sentiment ahead of its June 10 earnings report, according to a Barchart analysis. Over 10,000 contracts with a $190 strike price expiring on June 26 have been traded, suggesting investors are hedging against potential downside risk.
Tickers: $ORCL
Topics: earnings anticipation investor sentiment Oracle put options