Oracle (ORCL) Offering Possible 57.73% 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 $88.00 short put and a strike $83.00 long put offers a potential 57.73% 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 $88.00 by expiration. The full premium credit of $1.83 would be kept by the premium seller. The risk of $3.17 would be incurred if the stock dropped below the $83.00 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 78.45 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

Thomson Reuters Rolls Out ONESOURCE Indirect Tax on Oracle Cloud Infrastructure with Oracle Autonomous Database
Tue, 20 Jul 2021 12:00:00 +0000
Oracle today announced that Thomson Reuters, a leading provider of business information services, turned to Oracle Cloud Infrastructure (OCI) as part of its multi-cloud strategy to make its indirect tax software available to customers worldwide. In addition, Thomson Reuters will build out the application on Oracle Autonomous Database to help simplify processes and elevate performance with a cloud-first solution.

If You Had Bought Oracle (NYSE:ORCL) Shares Five Years Ago You'd Have Earned 113% Returns
Mon, 19 Jul 2021 11:13:09 +0000
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put…

Oracle (ORCL) Gains As Market Dips: What You Should Know
Fri, 16 Jul 2021 21:45:09 +0000
Oracle (ORCL) closed the most recent trading day at $87.49, moving +1.45% from the previous trading session.

SAP Is Moving to the Cloud. Investors Have Yet to Give the Company Credit.
Fri, 16 Jul 2021 15:14:00 +0000
The enterprise software giant is going through a painful transition—but the end result is likely to reward investors.

Oracle (ORCL) Up 14.5% Since Last Earnings Report: Can It Continue?
Thu, 15 Jul 2021 15:30:03 +0000
Oracle (ORCL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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