Call Buying Activity in Oracle (ORCL) Targets Upside in Shares Above $56 with Microsoft (MSFT) Earnings Today AMC as Potential Catalyst -Susquehanna

Susquehanna options strategist Alison Edwards notes call buying activity in Oracle (NYSE: ORCL), with shares hitting new 52-week highs, as opening investors purchased 9k May 56 Calls. The investors suggest the shares have an increased probability to trade above $56 (+1.3%) by mid-May. They may be seeking exposure to software earnings, including Microsoft (NASDAQ: MSFT) tonight.

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