Software giant Oracle has pulled back, and the bulls are stepping in.
OptionMonster's tracking systems detected the purchase of about 10,400 April 34 calls against open interest of 1,035 contracts on Friday. Most of them priced for $1.42 to $1.44, but premiums rose to as much as $1.65 when the stock inched higher.
Calls lock in the price where investors can buy shares. They can provide huge leverage relative to the share price, but can also lose most or all of their value from even a small decline.