Oracle’s (ORCL) Unusual Options Activity is Helping to Suppress October Call Spreads

Core Insights - Unusual options activity for Oracle (ORCL) suggests a potential discounted investment opportunity, particularly in ORCL stock debit call spreads [1] Options Activity - Oracle's stock gained 3.41% on Monday, making it one of the top movers among mega-cap companies, with unusual options volume reaching 504,709 contracts, a 58.55% increase over the one-month average [2] - Call volume was 345,328 contracts while put volume was 159,381 contracts, resulting in a bullish ratio of 0.46; however, net trade sentiment showed a bearish inclination, with a $2.56 million deficit below parity [3] Month-to-Date Sentiment - Cumulatively, September's net trade sentiment is approximately $183 million below parity, primarily due to bearish activity from sold calls, despite some figures coming from expired options [4] Institutional Trading - Institutional traders have sold $131.625 million worth of $230 calls expiring on October 17, 2025, with an effective cap on the credit side at $342.50, while ORCL stock is currently priced at $302.14 [5] Future Expectations - Anticipation of momentum loss for ORCL stock heading into mid-October presents a potential opportunity for debit buyers [6] Historical Performance - Over the past 10 weeks, ORCL stock has shown a mixed performance with four up weeks and six down weeks, but historically, similar sequences have resulted in a 67% success ratio for long positions 10 weeks later [7]