The epiphany of OLD TECH NYSE:ORCL announced quarterly revenue of $11.1 billion today, yielding earnings of $1.16 per share. Analysts were expecting the company to report revenue of $10.95 billion and earnings of $1.07 per share.During a very upbeat earnings call, CEO Safra Catz said she expects fiscal 2020 revenue to grow “faster” than in the previous year and...
ORCL (50/29) releases earnings on Wednesday after market close, so look to put on a play in the waning hours of Wednesday's New York session.
Pictured here is a non-standard short strangle, with the short call side doubled up in order to compensate for greater than one dollar wide strikes: 1.30 credit, break evens at 48.70/58.15, and delta/theta of...
ORACLE Sell Idea @Monthly Supply Zone (50.70 - 53.44)
Sell Limit: 50.50
Stop Loss: 53.70
Take Profit: 40.54
Risk Management = 0.01/$100, With Stop Loss
Risk Management = 0.01/$200, No Stop Loss
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:2 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry...