SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Oracle Corporation (ORCL)
ORCL 220.61+0.3%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Still Rolling1/7/2003 11:41:29 AM
  Read Replies (1) of 19079
 
From Schaeffer's Research:

Oracle (ORCL: sentiment, chart, options) succeeded in catching the eye of some options traders on Monday. Open interest at the security's February 12.50 call soared from 8,662 to 13,326 contracts overnight. This leaves the equity's SOIR at a reading of 0.22, which is lower than all but two percent of those taken during the past 12 months. However, the stock has deep out-of-the-money call open interest that's serving to drag this reading lower. ORCL's sinking short interest provides yet another example of this growing optimism. The number of ORCL shares sold short has plunged 31 percent since August to 39.3 million shares. All of these positions can be covered in less than a day of trading at the stock's average daily trading volume. Wall Street's hopes for the security have begun to dwindle, as 20 of the 36 analysts following the equity rate it a "hold," according to Zacks. Potential options-related resistance resides overhead at the 12.50 strike. This is the site of peak front-month call open interest with more than 47,300 contracts. The stock has recently climbed higher again after pulling back to support at its 10-week trendline. ORCL leapt higher off this trendline at the start of the New Year.

schaeffersresearch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News