Bulls Slam Oracle Calls Ahead of Monday’s Earnings Report

by | Jun 12, 2023

We’re seeing a ton of notable options activity Monday in names like Intel — lots of INTC calls as shares ripped over 5% — American Airlines, Marvel, Oracle and AMD…

We hit it big on some AMD calls in Wiretap Alerts that we entered Friday and exited Monday. I’m avoiding AMD now because volatility is super high, premium is expensive and we already had a home run trade so it’s time to move on from AMD… for now, at least.

But I have personally been buying a lot of American Airlines the past couple of months because these travel stocks have been breaking out. 

Carnival Cruise is another name breaking out Monday, ripping over 15% at one point. 

Highlights from today’s video:

  • 💹 INTC July calls and AAL September calls are seeing activity.
  • ✈️ Travel stocks like AAL and CCL are breaking out
  • 📉 The Russell 2000 is rolling over, and there is selling in banks and energy names.
  • 🔥 ORCL shares are up 4% after a big upgrade and repeat call buying — Oracle also reports earnings today after the close.
  • 🚫 Avoiding AMD due to high volatility.

TODAY’S TOP FLOW:

  • American Airlines Group Inc. (Nasdaq: AAL): Sept. 18, $18 CALL.
  • Intel Corp. (Nasdaq: INTC): July 28, $33 CALL.
  • Advanced Micro Devices Inc. (Nasdaq: AMD): June $143, $133 CALL; June $123 PUT.

Note: If there’s no date listed, it’s the monthly option expiration, which falls on the third Friday. 

P.S. 5 Stocks That Are Surging Thanks to Media Coverage

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WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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