GO
Loading...

Fast Action: Tech Surprise Later In Week

With Oracle results due Thursday, are options traders looking for any big surprises?

According to Options Action trader Mike Khouw of Cantor Fitzgerald when Oracle does surprise, it leans toward the upside. Take a look:

Oracle's Moves On Earnings, Last 8 Qtrs

+6%
-3%
+7%
+10%
+7%
+7%
-5%
-7%
+3%

What’s the trade?

Khouw suggests buying Oracle 28 June calls For $0.35. The stock needs to close at $28.35 by June Expiration for profits.

Learn more about this options trade. Watch the video now.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On March 22nd, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AA) Calls; Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (CLX) Calls; Najarian Owns (MCD) Call Spread; Najarian Owns (MLM) Calls; Najarian Owns (MYL); Najarian Owns (PFE); Najarian Owns (TEVA); Najarian Owns (YHOO) Calls; Najarian Owns (OSIP) Calls; Najarian Owns (DD) Calls; Najarian Owns (BBY) Call Spread; Najarian Owns (AKAM) Call Spread; Terranova Owns (QCOM), (OIH), (POT); Terranova Owns (GS) April Puts; Terranova Is Short (UAUA); Terranova Is Short (CAL); Terranova Is Long May Crude Oil Futures; Terranova Is Short (GS); Karabell Owns (C), (JPM); Cortes Owns (IBB), Is Short S&P Futures; Kinahan Owns (C), Is Short (C) Puts; Kinahan Is Short (SPY) Through Options; Karabell Owns (GOOG); Kinahan Owns (WFC), Is Short (WFC) Puts

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (GOK)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLI)

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (AAPL)
Cantor Fitzgerald & Co. Is A Market Maker In (AMX)
Cantor Fitzgerald & Co. Is A Market Maker In (AA)
Cantor Fitzgerald & Co. Is A Market Maker In (BA)
Cantor Fitzgerald & Co. Is A Market Maker In (BAC)
Cantor Fitzgerald & Co. Is A Market Maker In (BIDU)
Cantor Fitzgerald & Co. Is A Market Maker In (C)
Cantor Fitzgerald & Co. Is A Market Maker In (CLX)
Cantor Fitzgerald & Co. Is A Market Maker In (CVS)
Cantor Fitzgerald & Co. Is A Market Maker In (FNGN)
Cantor Fitzgerald & Co. Is A Market Maker In (FNM)
Cantor Fitzgerald & Co. Is A Market Maker In (FRE)
Cantor Fitzgerald & Co. Is A Market Maker In (GLW)
Cantor Fitzgerald & Co. Is A Market Maker In (GOOG)
Cantor Fitzgerald & Co. Is A Market Maker In (GS)
Cantor Fitzgerald & Co. Is A Market Maker In (JPM)
Cantor Fitzgerald & Co. Is A Market Maker In (LGF)
Cantor Fitzgerald & Co. Is A Market Maker In (LVS)
Cantor Fitzgerald & Co. Is A Market Maker In (MCD)
Cantor Fitzgerald & Co. Is A Market Maker In (MS)
Cantor Fitzgerald & Co. Is A Market Maker In (MSFT)
Cantor Fitzgerald & Co. Is A Market Maker In (ORCL)
Cantor Fitzgerald & Co. Is A Market Maker In (PALM)
Cantor Fitzgerald & Co. Is A Market Maker In (PG)
Cantor Fitzgerald & Co. Is A Market Maker In (QQQQ)
Cantor Fitzgerald & Co. Is A Market Maker In (RIMM)
Cantor Fitzgerald & Co. Is A Market Maker In (SPY)
Cantor Fitzgerald & Co. Is A Market Maker In (TEVA)
Cantor Fitzgerald & Co. Is A Market Maker In (TTWO)
Cantor Fitzgerald & Co. Is A Market Maker In (WFC)
Cantor Fitzgerald & Co. Is A Market Maker In (XLF)
Cantor Fitzgerald & Co. Is A Market Maker In (YHOO)


For Brian Kelly
Kanundrum Capital Owns (FNM)
Kanundrum Capital Owns (FRE)
Kanundrum Capital Owns (S)
Kanundrum Capital Owns (SEE)
Kanundrum Capital Owns (SYY)
Kanundrum Capital Owns (IBM)
Kanundrum Capital Owns (PTV)
Kanundrum Capital Owns (DE)
Kanundrum Capital Owns (TXN)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short (AA)
Kanundrum Capital Is Short (ACH)
Kanundrum Capital Is Short (GS)
Kanundrum Capital Is Short (FCX)
Kanundrum Capital Is Short Copper
Kanundrum Capital Is Short Treasuries
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Yen
Kanundrum Capital Is Short Pound

For Dennis Gartman
Funds Managed By Dennis Gartman Are Long Gold
Funds Managed By Dennis Gartman Are Long Canadian Dollars
Funds Managed By Dennis Gartman Are Long Australian Dollar
Funds Managed By Dennis Gartman Are Short Euro
Funds Managed By Dennis Gartman Are Short British Pound

For Mark Mahaney
Citi Employees Own (GOOG), A Citi Employee Owns (YHOO)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (AKAM), (YHOO)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (GOOG), (YHOO), (AMZN), (EBAY) In Past 12 Months
(GOOG), (YHOO), (AMZN), (EBAY) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities-Related Services)
(GOOG), (YHOO), (AMZN), (EBAY) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securites-Related Services)
Citigroup Global Markets Is A Market Maker In (GOOG), (AKAM), (YHOO), (AMZN), (EBAY)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (GOOG), (YHOO), (EBAY)
Citigroup Global Markets Owns 5% or More Of (YHOO)
Citi Employees Own (MSFT)
Citigroup Global Markets Or Affiliates Has Managed Or Co-Managed An Offering Of (MSFT) In Past 12 Months
Citigroup Global Markets Or Affilaites Has Received Investment Banking Compensation For Services Provided In Past 12 Months From (MSFT)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (MSFT) IN Past 12 Months
Citigroup Global Markets Has Or In Past 12 Months Had (MSFT) As An Investment Banking Client
(MSFT) Is Or In Past 12 Months Was A Client Of Citigroup Global Markets (Non-Investment Banking, Securities-Related Services)
(MSFT) Is Or In Past 12 Months Was A Client Of Citigroup Global Markets (Non-Investment Banking, Non-Securities-Related Services)
Citigroup Global Markets Is A Market Maker In (MSFT)



CNBC.com with wires

Symbol
Price
 
Change
%Change
ORCL
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report