ORCL Stock Jumps Nearly 8% as Oracle Rebounds After Monthly Decline

Oracle (ORCL) staged an impressive comeback, with shares climbing nearly 8% to around $194.6 during the session. The rally comes as a welcome relief after a tough stretch that saw the stock drop roughly 13% over the past month. The chart data shows a steady upward climb throughout the day, suggesting genuine momentum behind the move rather than just a quick spike.

The options market told an interesting story during this rally. Total options premium hit approximately $212 million, with net call premium reaching $18 million while put premium declined. This shift shows traders were actively betting on continued upside, which typically reinforces bullish momentum when it happens alongside a strong price move.

Even with the nearly 8% gain, Oracle stock is still trading below its levels from earlier in the month. The previous 13% slide reflected some serious selling pressure that had been weighing on shares. The chart shows ORCL finding its footing near the $190 area early in the session before pushing higher, eventually testing resistance just below $195.

This move matters beyond just Oracle shareholders. As a heavyweight in enterprise software and cloud infrastructure, Oracle’s performance can influence sentiment across the broader tech sector. Whether this bounce turns into a sustained recovery or just a temporary breather depends on how the stock performs in the coming sessions.

My Take: The 8% rally looks encouraging, especially with options flow backing it up. However, Oracle still needs to prove it can hold these gains and recover more of that 13% monthly loss. The real test comes in the next few sessions.

Source: unusual_whales