Oracle (ORCL) Options Signal Bullish Rebound Potential: Key Strike Levels and Trade Setups for Friday Expiry

• Oracle’s price dropped 3.15% to $249.72, trading below its 30D and 100D moving averages but above the 200D MA.
• Options data shows heavy call open interest at the $300 strike (6,105 contracts) and put open interest at $225 (5,198 contracts) for Friday expiry.
• RSI (29.8) suggests oversold conditions, while the bearish engulfing candle hints at short-term weakness.
• The put/call open interest ratio (0.885) favors bullish positioning, but volatility remains elevated.

Here’s the thing: Oracle’s options market is sending a mixed but actionable signal. While the stock is in a short-term bearish slump, the heavy call open interest at $300 suggests some big money is betting on a rebound. Let’s break down what this means for traders and how to position for it.

The Bullish Battle at $300 and the Bearish Anchor at $225

Options traders are clearly divided. The $300 call strike (OI: 6,105) is the most watched for Friday expiry, indicating significant speculative or hedging activity. This level sits above Oracle’s 30D MA ($286.59) and even the 100D MA ($256.59), meaning buyers are pricing in a potential 16% rebound from current levels. On the flip side, the $225 put strike (OI: 5,198) acts as a floor for downside risk, sitting just above the 200D MA support zone ($147.48–$151.59).

But here’s the catch: the put/call ratio (0.885) leans bullish, yet the stock is trading near its intraday low. This tension between technical weakness and options optimism creates a high-probability setup. If Oracle holds above $250 (its intraday low), the bulls could reclaim ground. If it breaks below $248.05, the puts at $225 might get a rush of buyers.

No News, But Options Tell a Story

With no recent company news to drive sentiment, the options market is the main narrative force. The lack of block trades (large institutional orders) means this is more retail or smaller-cap investor activity. That’s not a red flag—it just means the move isn’t being driven by a major catalyst like earnings or a partnership. Instead, traders are likely reacting to broader tech sector trends or macroeconomic factors like interest rate expectations.

Still, Oracle’s long-term bullish structure (200D MA at $206.54) suggests a floor for the stock. If the $240 put strike (OI: 3,668 for next Friday) starts to attract more buyers, it could signal a shift toward defensive positioning. But for now, the focus remains on the $300 call strike as the key battleground.

Actionable Trade Setups: Calls, Puts, and Price Levels

For options traders:

• Friday expiry: Buy the $300 call (OI: 6,105) if Oracle closes above $255.28 (intraday high). Target a close near $280 (30D support/resistance zone). Stop-loss below $250.
• Next Friday expiry: Buy the $272.5 call (OI: 1,499) if the stock rebounds above $265. This strike sits just above the 100D MA and could act as a catalyst for a longer-term bullish move.
• Puts: The $225 put (OI: 5,198) is a high-risk/high-reward bet for a deep correction. Only consider this if Oracle breaks below $240 (lower Bollinger Band at $252.97).

For stock traders:

• Entry near $250 if support holds. Target $265–$270 (above 100D MA) as a short-term goal.
• Stop-loss below $245 to protect against a breakdown.
• Long-term bulls could consider averaging in near $240 (Bollinger Band) if RSI confirms oversold conditions (below 30).

Volatility on the Horizon: What to Watch

Oracle isn’t in a clear downtrend—its 200D MA is still a strong support. But the short-term bearish engulfing pattern and RSI near oversold levels suggest a rebound is likely. The key is timing. If the $300 call strike sees a surge in buying before Friday expiry, it could trigger a short-covering rally. Conversely, if the stock closes below $245, the puts at $225 might dominate the narrative.

Bottom line: This is a setup for traders who can stomach short-term volatility. The options data points to a potential 10–15% rebound if bulls take control, but the downside risks are real if the $250 level breaks. Position yourself with tight stops and a clear exit plan—this isn’t a holding pattern, it’s a high-stakes chess move.