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Oracle Corp. (ORCL) reported disappointing free cash flow (FCF) on March 7 for its latest fiscal quarter, and ORCL stock has fallen. Value investors are looking at shorting out-of-the-money (OTM) put options to set a lower buy-in target price.
ORCL is at $154.88 in midday trading on Monday, March 24. It's well off a recent high of $186.47 on Jan. 23, although up from a trough price of $144.18 on March 11. That might mean it's a good time to set a buy-in target price.