Technology bulls focus on Oracle calls

Technology bulls focus on Oracle calls

  • Posted Wednesday, March 11, 2009 -
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ORCL Oracle Corp. Despite a drop of 1.5% to $14.86 in shares of the software and server manufacturer, option investors spent 75 cents scooping up calls expiring in January at the 20 strike. Some 20,000 contracts changed hands adding to an existing 70,000 of open interest at the strike. While these investor are setting lofty expectations about an ultimate increase of more than one third for Oracles shares within nine months, it wouldnt take that much to shift the premium on the calls. The

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