In a year of strange stock movements, Oracle (ORCL) stands out for its 35% surge in a single day following key business announcements. However, turning announcements into revenue is the challenge for 2026. ORCL’s price gyrated wildly from $220 to $340 to under $190 in 3 months after a 91% EPS jump in Q2.

Analysts expect ORCL to continue double-digit growth, reflected in its 40x P/E ratio. A protective collar strategy around ORCL’s volatility could yield an 18% upside to under -1% downside. Managing risk through options like a put struck at $290 could have resulted in a $68 profit amidst price fluctuations.

Refreshing the collar strategy, a new play with a call strike at $290 and a put at $220 offers a 24% upside potential and under 8% downside over 10 months. ORCL’s unpredictability in 2025 underscores the value of option collars for managing risk and potential gains.

Read more at Barchart: Oracle Stock Has Plunged 35% Since I Told You to Collar It. Here’s Why My Option Strategy Worked, and What Comes Next.