Oracle (ORCL) Offering Possible 19.9% Return Over the Next 16 Calendar Days

Oracle's most recent trend suggests a bullish bias. One trading opportunity on Oracle is a Bull Put Spread using a strike $64.00 short put and a strike $59.00 long put offers a potential 19.9% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $64.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $59.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Oracle is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Oracle is bullish.

The RSI indicator is at 77.77 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Oracle

Tesla Stock Jumps After Elon Musk Says It’s ‘Impossible’ to Take the Company Private Now
Mon, 28 Dec 2020 19:30:00 +0000
(TSLA) has been on a wild run this year. Musk’s comment was in response to a Christmas Eve tweet about the best allocation of his time and resources, in which the CEO also said that “engineering, design & general company operations absorb vast majority of my mind & are the fundamental limitation on doing more.” Longtime Tesla followers will remember the frenzy of speculation that Musk kicked off in August 2018 when he said he was considering taking Tesla private when its stock hit $420.

Better Buy: IBM vs. Oracle
Mon, 28 Dec 2020 15:18:51 +0000
Back in August, I compared IBM (NYSE: IBM) and Oracle (NYSE: ORCL), two aging tech companies that had both been expanding their higher-growth cloud businesses to offset the slower growth of their legacy businesses. At the time, I favored IBM over Oracle for its higher yield, lower valuation, and growth opportunities under its new CEO, Arvind Krishna. Oracle outperformed IBM this year for two main reasons: It generated stronger revenue growth and it aggressively repurchased its shares to boost its earnings per share.

Is Oracle Stock A Buy Right Now As 2020 Comes To A Close?
Thu, 24 Dec 2020 12:43:58 +0000
A multiyear business restructuring by Oracle has moved the database software giant solidly into cloud computing, as bulls and bears continue to debate what it means for the company's stock.

TikTok Gives Rare Look Into U.K. Business With $119 Million Loss
Thu, 24 Dec 2020 10:19:01 +0000
(Bloomberg) — TikTok’s U.K. business recorded a $119.5 million loss over 2019, driven by advertising and marketing expenses, giving a rare insight into how rapidly the video-sharing app is expanding.ByteDance Ltd., its Chinese parent company, has not disclosed global revenue figures, but U.K. sales amounted to $20 million over 2019, according to the latest company filings made this week. Sales and marketing expenses came to $109 million over the year. The unit hadn’t begun posting revenue in 2018.By comparison, ByteDance is said to have generated over $3 billion of profit on more than $17 billion of revenue in 2019, Bloomberg News has reported. It’s already worth $140 billion, according to startup tracker CB Insights.Over the space of a few years, TikTok has become one of the most popular apps in the world, especially among teens. Its influence has attracted the ire of the Trump administration, which argues that the app’s Chinese ownership makes it a national security threat.Read More: Luxury TikTok Houses Begin Opening In U.K. After U.S. SuccessAt the end of 2018, TikTok had just a handful of staff in the U.K. The app has since been rapidly expanding, hiring hundreds of employees from social media rivals, and has considered making London its international headquarters. No decision has been made by the company, according to a person familiar with the planning.“As of today, the TikTok community numbers over 100 million people across the U.K. and Europe and we’re excited about our future growth potential,” said a TikTok spokesman. “These results reflect an early period of development and investment for TikTok in the U.K., and should be taken in that context.”The future of TikTok global business remains uncertain. U.S. President Donald Trump gave his blessing in mid-September to a preliminary plan in which ByteDance would sell part of TikTok to Oracle Corp., Walmart Inc. and U.S. investment firms Sequoia Capital, KKR & Co. and General Atlantic, creating a new independent company called TikTok Global. That deal has been stuck in limbo for months.The U.K. filing said “a number of strategic options are being considered in connection with the future operational structure of TikTok global business,” but added that any changes would not have a direct impact on the U.K. business.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

15 Biggest Software Companies in the World
Wed, 23 Dec 2020 19:37:15 +0000
In this article, we are going to list the 15 biggest software companies in the world. Click to skip ahead and jump to the 5 biggest software companies in the world. If you are reading this on your laptop or desktop, that medium is hardware. The program that runs your laptop is called software. By definition, the […]

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