Oracle Stock: Prepare For Q2 Earnings With A High-Risk Spread Trade

Oracle (ORCL) is due to report fiscal second-quarter earnings Wednesday after the market close, and the options market is pricing in a 10.5% move in either direction. Oracle stock has consistently stayed above the lower end of the expected range for the last seven earnings announcements. Let’s analyze how to structure an option trade that fits the view that 1)…