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A large volume of deep out-of-the-money (OTM) put options has traded in Oracle Corp (ORCL). These OTM puts are set to expire in over one year but only work if ORCL stock falls 50%. The activity highlights ORCL's underlying value.
ORCL stock is at $205.21 today, up $8.18, or +4.15% after hitting a recent low of $197.03 yesterday. This is after a recent peak of $313.00 on Oct. 16.