Call Traders Pick Up Oracle Stock Amid Recent Woes

Core Viewpoint - Oracle Corp has triggered a tech selloff following a revenue miss in its fiscal second quarter, raising concerns about overvaluation in the AI and neocloud sectors [1] Group 1: Company Performance - Oracle's fiscal second-quarter revenue fell short of expectations, contributing to a broader selloff in technology stocks [1] - The stock is currently trading at $179.29, reflecting a 0.5% increase, but has dropped nearly 40% over the last three months from a record high of $345.72 on September 10 [6] - The stock is facing overhead pressure at the 20-day moving average after a brief period above this trendline [6] Group 2: Options Activity - Oracle has seen significant options activity, with 3,362,916 calls and 2,427,676 puts traded in the last 10 days, making it one of the stocks with the highest options volume [2] - The most popular options contract during this period was the weekly 12/12 200-strike call [2] - Oracle's Volatility Scorecard (SVS) is at 99 out of 100, indicating that the stock has consistently exceeded options traders' volatility expectations over the past year [5]