Wednesday, September 16, 2009

Elevated Stock/Options Volume Ahead of Oracle Earnings (ORCL)

Oracle Corp. (NASDAQ: ORCL) has already seen 150% of a full average daily trading volume ahead of today’s earnings and it is not even 1:00 PM EST.  As of 12:35 AM EST we have seen almost 43 million shares trade hands and the average volume is about 29.7 million shares.  Shares are also down 2.4% at $22.13.  We are also seeing high put and call trading in options contracts…. Here are today’s CALL and PUT trading for SEPT-2009 options which expire in just over 48 hours from today’s close:

CALL$    Vol.   Op. Int.
21.00    4,023    14,365
22.00    6,842    39,815
23.00    7,080    25,522
PUT$$     Vol.    Op.Int.
20.00    1,146    17,162
21.00    1,904    20,924
22.00    3,751    12,500
23.00    9,120    29,918

A full earnings preview with chart and options trading expectations is available at 24/7 Wall Street.

Jon C. Ogg
September 16, 2009


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