Market Overview
U.S. stocks closed lower on Wednesday(Mar 11) as markets largely looked past a tame inflation report, focusing instead on intensifying hostilities and mounting repercussions related to the U.S.-Israeli war on Iran.
Regarding the options market, a total volume of 52,220,756 contracts was traded.
Top 10 Option Volumes
Shares of Oracle rose 9% on Wednesday as investors gained confidence in the company's ability to turn its AI contracts into revenue. Revenue for the quarter was $17.2 billion, up 22% from a year before, or 18% after currency adjustments. Adjusted earnings were $1.79 per share, up 21% from a year before.
There are 1.13M Oracle option contracts traded on Wednesday, up 85% from the previous trading day. Call options account for 59% of overall option trades. Particularly high volume was seen for the $170 strike call option expiring March 13, with 63,421 contracts trading. $ORCL 20260313 170.0 CALL$
Unusual Options Activity
UiPath beat estimates on the top and bottom lines in the fourth quarter, reporting revenue of $481.11 million versus estimates of $464.49 million and adjusted earnings per share of 30 cents versus estimates of 26 cents. UiPath shares surged 7% on Wednesday.
There are 283,517 UiPath option contracts traded on Wednesday, fout times higher than the previous trading day. Call options account for 81% of overall option trades. Particularly high volume was seen for the $15 strike call option expiring March 13, with 24,661 contracts trading. $PATH 20260313 15.0 CALL$
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