Trade of the Week: ORCL

Options, Social Media, Videos
by Jay Soloff
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Oracle (ORCL) has been in the news quite a bit lately with its potential partnership with Tik Tok, a popular teen video streaming app.  The US wants China’s ByteDance to sell Tik Tok to a US company due to national security concerns. 

Several companies have been in the bidding, but ORCL seems to have won out with a partnership deal – at least for now.  One trader doesn’t think the deal will be resolved until at least early next year, and made a large bet using options that ORCL will stay in a range until then.

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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