The artificial intelligence trade was questioned back in April. As we wrap up Q3, AI has now propelled the market to record highs for all three major U.S. indexes yet again. Oracle's stunning post-earnings report move higher suggests that the AI trade is not abating — it is actually broadening. I want to use options to own Oracle as the cloud provider seeks to vault $1 trillion in market cap. Oracle surged nearly 40% on Wednesday after the company pointed to a ridiculous demand surge from AI firms for its cloud services, roughly $500 billion in backlog. The surge lifted its market value to $922 billion. Oracle is now one of Wall Street's 10 most valuable companies despite not being in the "Trillion Dollar Club." Currently, there are nine companies in the S & P 500 with a market capitalizat
A bullish options trade on Oracle as the cloud giant goes for $1 trillion market cap

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