$Oracle(ORCL)$ I think the set

$Oracle(ORCL)$ I think the setup here for a trade after earnings looks decent, though I'm only considering the upside. It broke out above $200 on heavy volume after consolidating since November. There's a massive volume shelf around $200 which is now support. The last few days have been brutal for the overall market, and it's still holding above $200. We have CPI data coming up, so let's see how the markets react. If it can weather everything and stay above that level, along with a fantastic earnings report, $200 could act as a springboard. The ATM June 12 options are pricing in around a $25 move. If the price moves up, then it could be friendlier to trade on Thursday, assuming the markets aren't violently red. That's my plan. If it breaks down below $200, I won't be looking at it for quite some time.

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