Boston, MA, 08/12/2013 (nysepost) – It had been observed that there is high sense of pessimism that continues to log on the shares of Oracle Corporation (NYSE:ORCL) with put volumes increasing heavily. The company had reported trading on put options at 17,000 contracts, while the expectations were to record a trade of 11,000 contracts of put options on Oracle. It was further observed that the most active purchases had occurred on the August strike put at the value of $33 per share. It is expected that the shares of Oracle Corporation (NYSE:ORCL) which are presently trading at $32.91 per share will have to decline to levels lower than $32.63 per share before the end of this week so that all these traders who had purchased the August put options on the stock would earn profits.
Oracle Corporation (NYSE:ORCL) had recently announced the launch of its second annual Oracle Partner Network Exchange which is expected to promote the growth of profits in the implementation, sales and architecture of the Oracle solutions to the partners. The shares of the company had recently been declining heavily to present significant losses to the investors.
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Oracle Corporation (NYSE:ORCL) had opened at $32.91 per share on Friday and had thereby lost 0.30% in prices to close at $32.92 per share for the weekend. The stock had price fluctuations during the last trading session of the week ranging from low of $32.70 to high of $33.11 per share. The company’s shares presently have recorded 52 week low at $29.52 and 52 week high price at $36.43 per share. There are 4.71 billion shares of this company outstanding in the market with an institutional ownership at 62% of total capital. On Friday, the stock had reported trading volume at 11.65 million shares, while the average level is at 27.44 million shares per day.