Oracle (ORCL) Offering Possible 34.77% Return Over the Next 29 Calendar Days

Oracle's most recent trend suggests a bullish bias. One trading opportunity on Oracle is a Bull Put Spread using a strike $96.00 short put and a strike $91.00 long put offers a potential 34.77% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $96.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $91.00 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 66.55 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

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SoftBank Weighs Stake in Ampere, Valuing Chipmaker at $8 Billion
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(Bloomberg) — SoftBank Group Corp. has held talks with Ampere Computing LLC about investing in the maker of server-computer processors, an attempt to diversify its bet on the booming chip sector, according to people familiar with the situation.Ampere has held similar talks with multiple would-be investors, but doesn’t currently need to raise money, according to one of the people, who asked not to be identified because the discussions were private. SoftBank has offered hundreds of millions of do

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Oracle Corp's NetSuite on Tuesday said it will put automated banking features into its accounting software for businesses, with HSBC Holdings Plc as its first partner to automatically send and receive money and reconcile accounts. Oracle NetSuite sells cloud-based software to mid-sized businesses to track their financials. Oracle NetSuite on Tuesday said it has used artificial intelligence and partnerships with banks to automate those processes.

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