ORCL Options History — January 2007

In January 2007, ORCL traded between $16.98 and $17.86. ATM implied volatility averaged 21.8%. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 3.4% (HV 20d: 18.5%). Max pain ranged from $15.00 to $18.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.56.

Notable Days

  • 2007-01-11: Highest Volume — 58,433 contracts
  • 2007-01-08: Largest IV spike — 19.6% change
  • 2007-01-08: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.37$16.98$17.86$17.51$17.16
Max Pain$17.05$15.00$18.00$15.00$17.00
ATM IV21.8%18.4%26.3%23.1%18.9%
Expected Move6.3%5.3%7.1%6.6%5.4%
HV 20d18.5%17.7%19.0%19.0%17.7%
Term Structure2.1%0.1%4.0%0.6%3.2%
VWIV21.7%17.9%24.6%23.1%18.1%
Skew 25d1.2%-3.4%4.9%1.7%2.4%
Skew 10d2.4%-5.8%10.2%2.0%0.7%
Call IV 25d20.8%14.2%24.9%17.8%14.2%
Put IV 25d22.1%16.5%26.2%19.5%16.5%
Bid-Ask Spread %10.025.1325.005.1312.36
Gamma HHI0.240.160.440.240.19
Net GEX9.7M3.7M16.7M13.3M4.8M
Net DEX-669.7M-1.10B-185.7M-977.3M-216.7M
Net VEX-3.0M-3.2M-2.8M-3.1M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.081.130.381.13
Total Volume25,699.0510,58658,43343,06217,834
Total OI1,342,353746,3091,740,2171,679,295822,999

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-01-03$17.51$15.0023.1%6.6%0.0%0.0%23.1%1.7%0.6%13.3M-977.3M-3.1M0.385.1331,28811,7741,031,338647,957
2007-01-04$17.68$15.0023.8%6.8%0.0%0.0%23.7%4.9%0.1%14.4M-1.04B-3.2M0.697.4714,61410,1071,041,905652,651
2007-01-05$17.64$17.0022.0%6.9%0.0%0.0%24.0%0.6%1.7%14.2M-1.03B-3.2M0.089.1316,4591,2641,043,922658,777
2007-01-08$17.86$17.0026.3%7.1%0.0%0.0%24.4%0.5%1.4%15.4M-1.10B-3.2M0.349.3613,8594,6691,052,825659,581
2007-01-09$17.82$18.0021.5%7.0%0.0%0.0%24.6%1.7%2.1%14.5M-1.08B-3.2M0.4513.787,3033,2831,053,805661,435
2007-01-10$17.77$18.0022.7%6.8%0.0%0.0%23.9%0.3%1.7%14.0M-1.06B-3.1M0.509.5414,6307,3331,054,342661,032
2007-01-11$17.39$18.0024.1%6.9%0.0%0.0%24.2%0.8%0.7%12.9M-948.6M-3.1M0.7825.0032,76825,6651,057,361661,987
2007-01-12$17.50$18.0023.6%6.8%0.0%0.0%22.6%2.1%2.7%11.4M-970.7M-3.2M0.228.7035,3917,6841,059,738680,479
2007-01-16$17.30$18.0024.1%6.9%0.0%0.0%23.9%-0.1%1.7%11.1M-878.3M-3.1M0.8810.6712,51010,9601,055,057680,787
2007-01-17$17.52$17.0022.7%6.5%0.0%0.0%20.7%-1.2%2.0%16.7M-979.0M-3.0M0.3711.348,7433,2221,057,449674,604
2007-01-18$17.12$17.0023.1%6.6%0.0%0.0%22.8%0.8%2.1%7.2M-799.5M-2.9M0.5310.4911,2875,9541,052,390673,515
2007-01-19$17.27$17.0022.1%6.3%0.0%0.0%22.1%3.3%1.2%13.0M-847.2M-2.9M0.5910.0314,8558,7511,047,730670,339
2007-01-22$17.00$17.0020.4%5.9%0.0%0.0%20.1%2.5%3.5%3.7M-185.7M-2.8M1.017.0514,04114,149453,085293,224
2007-01-23$17.12$17.0020.5%5.9%0.0%0.0%20.2%4.0%1.8%4.2M-212.7M-2.9M0.466.558,3993,833459,920297,050
2007-01-24$17.14$17.0018.4%5.3%0.0%0.0%17.9%3.6%3.8%4.0M-212.1M-2.8M0.909.7321,26919,051463,263295,642
2007-01-25$16.98$17.0020.3%5.8%19.0%0.0%18.7%2.3%2.2%4.2M-192.6M-2.9M0.357.6011,8754,134471,703307,364
2007-01-26$17.15$17.0018.7%5.4%18.9%0.0%18.5%-1.7%4.0%4.5M-213.7M-2.9M1.018.1416,34116,451474,749308,545
2007-01-29$17.27$17.0019.7%5.6%18.6%0.0%19.3%-0.0%4.0%4.9M-229.0M-3.0M0.139.8316,4042,175482,818322,348
2007-01-30$17.16$17.0020.7%5.9%18.2%0.0%20.6%-3.4%1.4%4.8M-215.7M-3.0M0.518.4322,34411,308483,743319,601
2007-01-31$17.16$17.0018.9%5.4%17.7%0.0%18.1%2.4%3.2%4.8M-216.7M-3.1M1.1312.368,3889,446500,868322,131