Trade Of The Week: ORCL

Options Portfolio Manager – Investors Alley • Sep 22, 2020 at 8:07 AM EDT

Oracle has been in the news quite a bit lately with its potential partnership with TikTok, a popular teen video streaming app.

Oracle (ORCL) has been in the news quite a bit lately with its potential partnership with TikTok, a popular teen video streaming app. The US wants China’s ByteDance to sell TikTok 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.

Video Length: 00:04:42

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