Oracle (ORCL) Options Signal Bullish Bias: Key Strike Levels and AI-Driven Trade Setup for Dec 3, 2025

• Oracle surges 2.04% to $205.21, breaking above its 30-day range with heavy call buying at the $215 strike.
• Options data shows a 5.8% call skew (put/call OI ratio: 0.95), with 9,467 open contracts at $215 calls expiring Dec 5.
• Analysts at HSBC and Wells Fargo just raised price targets to $382 and $280, citing Oracle’s AI infrastructure bets.

Here’s the thing: Oracle’s options market is whispering bullish—but with a twist. The stock’s 2.04% intraday gain has traders eyeing the $215 call wall, while short-term technicals hint at a potential breakout. Let’s break it down.

What the Options Chain Reveals About Market Sentiment

The OTM call options with the most open interest are clustered between $210 and $250, with the $215 strike (Dec 5 expiration) leading at 9,467 contracts. That’s not just noise—it’s a vote of confidence. Think of it like a crowd at a crossroads: most are betting the stock will clear $215 before Friday.

On the put side, the $200 strike (Dec 5) has 6,765 open contracts, suggesting some hedging below current levels. But here’s the kicker: the put/call ratio for open interest is just 0.95, meaning calls dominate. That’s a subtle but clear tilt toward bullishness.

No major block trades are showing up, so we’re not seeing institutional whales moving the needle. Still, the $215 call wall is a red flag for anyone shorting ORCL near these levels.

Why Analysts Are Cheering Oracle’s AI Play

HSBC and Wells Fargo aren’t just throwing darts. They’re pointing to Oracle’s $500B+ AI deal backlog and partnerships with OpenAI, Meta, and TikTok. The $382 price target from HSBC? That’s 86% above today’s price.

But here’s the rub: Oracle’s cloud infrastructure growth hinges on funding for data centers. The company’s playbook—joint ventures and special purpose vehicles—keeps its balance sheet lean, but execution risks linger.

The options market seems to agree with the bulls. With RSI at 27 (oversold) and Bollinger Bands squeezing the stock near the lower band, a rebound is statistically likely. If the $202.20 resistance (30-day level) breaks, the $215 call wall becomes a catalyst.

Actionable Trade Ideas for TodayFor Options Traders:

• Buy ORCL20251212C215 (Dec 12 expiration): If the stock closes above $205.45 (intraday high), this $215 call could catch fire. The 7,102 open contracts next week suggest liquidity.
• Sell ORCL20251212P175 (Dec 12 put): With 11,270 open contracts, this is a whale play. If the stock holds above $199.4 (intraday low), the put could decay in value.

For Stock Traders:

• Entry near $202.20 (30-day resistance): A break above this could target $215 (call wall) and $230 (200D MA at $211.36).
• Stop-loss below $199.4: If the stock closes below that, the $184.36 Bollinger Band lower level becomes a concern.

Volatility on the Horizon

Oracle isn’t just a tech stock—it’s a battleground for the AI cloud wars. The options data and analyst reports align: bulls are in control for now. But don’t ignore the $200 put wall. If the stock stumbles, a pullback to the $184–$190 range could reset momentum.

Bottom line: Today’s move above $205.45 is a signal. If Oracle holds its 200D MA ($211.36) and clears $215, this could be the start of a multi-week rally. For traders, the $215 call (Dec 12) and $202.20 support level are your best bets. Stay nimble—this stock isn’t done moving.