Oracle (ORCL) is one of the hottest stocks right now. Jefferies raised the Oracle Corporation price target from $190 to $200. The stock hit its year low of $118.86 on April 7th and has been straight up since then. I thought it was a good candidate for a Put so I just sold one. With the stock at $178.40 I sold 1 ORCL 6/13/25 $167.50 Put at $2.55 for $255 on the 1 contract.
6/9/25 – Sell to Open 1 ORCL 6/13/25 $167.50 P @ $2.55 (+$255)
This is such a great stock I would not mind owning it at my Strike of $167.50. This trade gets a Risk Factor 1. I feel this is a good trade for both Grasshoppers and long time traders.
Successful trading,
Steve
The Options Coach