Setup: On the 4h, ORCL bottomed near 137 in early April and has been in a clean, impulsive uptrend — higher lows, expanding range candles, and a sequence of big-volume green sessions starting Apr 13 off the earnings/gap catalyst. Price is now attacking the 200 psychological level and printing fresh multi-month highs above the prior Dec 2025 peak zone. The 1h shows today's session opening with a strong gap to ~198, touching 200.15, then pulling back intraday before the last bar shows price stabilizing near 197. Volume on the push toward 200 is healthy, confirming the trend extension.
Flow: Options flow is overwhelmingly call-side — call/put volume ratio of 23x and call/put premium ratio of 68x. The largest prints are 500-lot blocks on the 180C 5/8 at the ask (bullish) and a 400-lot buy on the 200C 5/15 at the ask. The 200C strike on May 15 has 30,960 OI, the highest in the chain, acting as a magnet target. Bernstein's 'AI compounder' thesis and sector-wide strength in cloud/AI (DDOG/AMD leading) provide fundamental fuel. Net premium imbalance of ~$1M bullish.
Plan: Stop below the last structural consolidation shelf from the Apr 21-22 highs (~188) which also aligns with a level that would indicate the breakout above 190 has failed — placed at 192 to give breathing room beyond one ATR. The 200 level is the near-term test; a clean close through it opens the gap to the 210 zone where a prior 52w high and dense OI reside. Thesis fails if price reverses back into the 192-195 range on volume, suggesting the 200 breakout is rejected.
📍 Entry: 197.50
🛑 Stop: 192.00
🎯 Target: 210.00
⚖️ R:R: 2.27
Flow: Options flow is overwhelmingly call-side — call/put volume ratio of 23x and call/put premium ratio of 68x. The largest prints are 500-lot blocks on the 180C 5/8 at the ask (bullish) and a 400-lot buy on the 200C 5/15 at the ask. The 200C strike on May 15 has 30,960 OI, the highest in the chain, acting as a magnet target. Bernstein's 'AI compounder' thesis and sector-wide strength in cloud/AI (DDOG/AMD leading) provide fundamental fuel. Net premium imbalance of ~$1M bullish.
Plan: Stop below the last structural consolidation shelf from the Apr 21-22 highs (~188) which also aligns with a level that would indicate the breakout above 190 has failed — placed at 192 to give breathing room beyond one ATR. The 200 level is the near-term test; a clean close through it opens the gap to the 210 zone where a prior 52w high and dense OI reside. Thesis fails if price reverses back into the 192-195 range on volume, suggesting the 200 breakout is rejected.
📍 Entry: 197.50
🛑 Stop: 192.00
🎯 Target: 210.00
⚖️ R:R: 2.27
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monk.trade — Trade setups and market intelligence
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.