Oracle Call Options Signal 11% Earnings Move as AI Optimism Lifts Upside Bets

3 articles · Updated · CNBC · Sep 10

Oracle options are pricing an roughly 11% post-earnings swing, with traders paying notably more for upside calls than for comparable downside puts ahead of Thursday's report.
September 11 weekly contracts showed the skew clearly: 180 calls about $18.28 above the stock traded near $3.90, versus 144 puts about $17.71 below at roughly $2.34.
That bullish tilt has intensified over the past week as Oracle shares rose 15%, even though the stock is still down 17% this year and more than 50% from its 52-week high.
Traders are also looking back to Oracle's 35% jump after its September 2025 earnings and to recent AI-driven rallies in Microsoft and Amazon as evidence Oracle could surprise higher.
The setup leaves investors weighing whether Oracle's heavy AI infrastructure spending is starting to pay off — and whether it can keep funding that buildout without added financial strain.