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Two Ways To Play: Looking Into Oracle's Future

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Strengthen your portfolio in good times and bad.

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According to Bloomberg, Citigroup said call options on Oracle (ORCL) should be sold because the stock may stay below $25 for the next quarter.

Citigroup analysts Mitchell Revsine and Brent Thill wrote in a note recommending selling the September $25 calls on the third-largest software maker because the stock hasn't closed around $25 since February 2001.

"Given the weaker macroeconomic backdrop and the first-quarter's seasonally weak nature, we believe the company will issue conservative guidance which will weigh on investor sentiment," the analysts wrote.

Oracle reports results next Wednesday, after market-close. Analysts are expecting $0.44 EPS on revenues of $6.857 billion.

From the Bull Pen: Bulls looking for a trade might consider the upside in Corning (GLW); sell-stops may be set near $26.

From the Bear Cave: Here at the 'Ville, we've talked about the headwinds that the tech sector may face. Bears wishing to play the downside in Oracle could consider buy-stops above the $23 level. The tech ETF (XLK) is also an option; buy-stops above $25.
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No positions in stocks mentioned.

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