Author bought Oracle (ORCL) puts ahead of earnings, citing a market downturn and Oracle's habit of inflating numbers and unrealistic scenarios.
ORCL — SHORT The author bought puts on Oracle ahead of its earnings report because they believe the market is in a downturn and Oracle has a habit of inflating numbers and presenting scenarios that may not pan out. The catalyst is the upcoming earnings release, and the main risk is that Oracle's results could beat expectations or the market could rally against the bearish position.
Bought puts cuz we in a downturn. Oracle had habit of inflating numbers and what if scenarios that may not pan out.