Oracle (ORCL) Options Signal Bullish Setup: Target $230+ as Earnings Loom

• Oracle surges 2.4% to $212.73, breaking above 30D MA resistance.
• Options data shows heavy call open interest at $215 and $230 strikes ahead of earnings.
• Analysts from Deutsche Bank and TD Cowen raise price targets to $375–$400.

Here’s the takeaway: Oracle’s options market and technicals are lining up for a potential breakout. With calls dominating open interest at key strikes and analysts bullish on AI-driven growth, the stock could see a sharp move higher—but only if it holds above $202.20.

Bullish Pressure at $215 and $230 Strikes

Let’s start with the options data. This Friday’s chain shows heavy call open interest at $215 (9,856 contracts) and $230 (4,461), while next Friday’s chain piles on even more at $215 (7,394) and $230 (9,827). That’s not random—smart money is positioning for a pop above $215. The put/call ratio (0.945) also tilts slightly bullish, meaning the market isn’t pricing in extreme downside risk right now.

But don’t ignore the puts. The $200 strike has 8,427 open puts this Friday, hinting some traders are hedging a pullback. If ORCL dips below $200, watch for volatility spikes. No major block trades to note, so this is retail and institutional options activity driving the narrative.

Earnings and AI Growth: Fuel for the Fire

The news flow? All green flags. Deutsche Bank and TD Cowen aren’t just repeating Buy ratings—they’re betting on Oracle’s AI cloud infrastructure as a long-term winner. With Q2 earnings due Dec 10, the focus is on whether Oracle can prove its AI bookings (expected to be strong) are sustainable without burning cash. The stock’s 15% discount to pre-Q1 levels makes this a high-conviction trade for analysts.

Here’s the catch: Citi’s warning about financing challenges adds a wrinkle. If Oracle’s management signals aggressive capital allocation during the call, the $230+ level could become a reality. But if they stumble on cost control, the $184.42 Bollinger Band support becomes critical.

Actionable Trade Ideas for Today

For options traders: Buy ORCL20251212C215 (Dec 12 $215 call) at ~$12–$14. The RSI at 36.9 suggests oversold conditions, and the bullish engulfing pattern on the chart points to a retest of the $215 level. If it breaks, this call could run. For a safer play, consider a risk-reversal with ORCL20251212P175 (Dec 12 $175 put) and ORCL20251212C215. That hedges a sharp move either way.

Stock traders: Look to enter near $202.20 (30D support) with a stop just below $200. The target? $230 first, then $250 if the AI narrative holds. Avoid buying above $214.07 (intraday high) unless you’re chasing momentum.

Volatility on the Horizon

Oracle isn’t just a tech stock—it’s a battleground for AI dominance. The options market is pricing in a 20–30% move by Dec 12, and the news flow supports that. If earnings validate the AI growth story, the $215–$230 calls could explode. But if management falters on capital efficiency, the puts at $175–$200 will get busy. Either way, this is a setup worth watching closely. Stay nimble, and let the data guide your next move.