Oracle Options Signal 11% Earnings Move Ahead of Thursday Report

According to CNBC, Oracle shares have fallen 17% year to date and are down more than half from their 52-week highs, while options traders are pricing in an earnings move of about 11% when the company reports after the bell Thursday. The implied move is above Oracle's average earnings swing of 9.5% over the last three quarters, and the stock rose 35% after its September 2025 earnings report. The article said call-side activity has been notably heavier than put-side positioning, with calls trading at richer premiums than equidistant puts ahead of earnings. It cited September 11th weekly contracts as of market close on September 9th, when the 144 strike puts traded around $2.34 and the 180 strike calls traded at $3.90. The piece also noted that Oracle shares were up 15% in the last week and said investors may be betting that the company's AI infrastructure spending will pay off, as they did with recent post-earnings gains in Microsoft and Amazon.