ORCL Options Skew Favors Calls Over Puts Ahead of Tonight's Earnings
What happened
Options pricing in Oracle shares shows calls trading at a meaningful premium to puts ahead of the company's scheduled earnings release on September 10, according to IG Group analyst Julia Spina, speaking on CNBC. The skew indicates options market participants are paying up for upside exposure relative to downside protection. Oracle reports after the close today, joining a heavy earnings slate that also includes Adobe and Macy's on the same date.
The QL Read
ORCL's QuantLogix composite sits at a neutral 45/100 with shares off 0.64% on a broad risk-off tape — VIX up 5.92% to 16.65 and breadth leaning soft at 53.9% advancing. The call-skew premium faces a market environment that has little margin for an earnings miss.
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