ORCL Options History — April 2013

In April 2013, ORCL traded between $32.03 and $33.73. ATM implied volatility averaged 19.7%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 14.2% (HV 20d: 34.0%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.95.

Notable Days

2013-04-09: Highest Volume — 70,532 contracts
2013-04-29: Largest IV spike — 25.1% change
2013-04-29: Highest IV Rank — 44.3%
2013-04-18: Largest Expected Move — 6.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.66	$32.03	$33.73	$32.41	$32.78
Max Pain	$33.00	$33.00	$33.00	$33.00	$33.00
ATM IV	19.7%	16.4%	23.9%	20.5%	21.6%
Expected Move	5.5%	4.7%	6.2%	5.4%	5.1%
HV 20d	34.0%	20.5%	42.9%	40.6%	21.0%
HV 60d	28.1%	27.1%	28.9%	27.1%	28.5%
IV Rank	23.5%	7.0%	44.3%	27.0%	32.7%
IV Percentile	31.5%	6.0%	75.4%	36.9%	53.2%
Term Structure	1.9%	0.6%	3.0%	0.6%	2.8%
VWIV	19.3%	17.5%	21.6%	19.0%	18.3%
Skew 25d	2.9%	2.1%	4.0%	2.4%	2.6%
Skew 10d	6.0%	3.5%	8.4%	5.0%	5.4%
Call IV 25d	17.8%	16.1%	20.0%	17.4%	17.1%
Put IV 25d	20.7%	18.2%	24.0%	19.8%	19.6%
Bid-Ask Spread %	11.06	7.52	14.90	10.29	11.41
Gamma HHI	0.13	0.10	0.20	0.12	0.10
Net GEX	9.8M	-217.7K	22.3M	6.6M	10.0M
Net DEX	-52.4M	-323.0M	99.5M	1.6M	-83.1M
Net VEX	-3.7M	-3.9M	-3.4M	-3.8M	-3.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.59	1.66	0.75	1.08
Total Volume	36,803.045	18,993	70,532	30,420	53,393
Total OI	781,942.182	678,892	848,369	803,281	706,398

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-04-01	$32.41	$33.00	20.5%	5.4%	40.6%	27.0%	19.0%	2.4%	0.6%	6.6M	1.6M	-3.8M	0.75	10.29	17,370	13,050	448,750	354,531
2013-04-02	$32.74	$33.00	20.4%	4.7%	40.5%	26.8%	17.5%	2.1%	1.4%	10.2M	-61.3M	-3.8M	0.60	14.12	22,973	13,807	443,117	345,967
2013-04-03	$32.40	$33.00	22.5%	5.4%	40.2%	37.3%	18.6%	2.2%	0.6%	7.0M	2.0M	-3.8M	0.92	12.06	12,725	11,670	444,773	345,693
2013-04-04	$32.37	$33.00	18.7%	5.3%	39.8%	18.2%	18.4%	2.5%	1.1%	8.7M	8.0M	-3.8M	1.13	10.77	12,096	13,697	448,067	344,692
2013-04-05	$32.03	$33.00	18.0%	5.6%	39.8%	14.9%	20.1%	2.6%	1.5%	21.5M	76.8M	-3.7M	1.66	10.66	25,378	42,193	453,847	350,819
2013-04-08	$32.36	$33.00	18.9%	5.6%	40.2%	19.5%	19.1%	3.1%	1.5%	4.0M	20.0M	-3.8M	0.73	11.08	14,506	10,580	458,096	364,362
2013-04-09	$33.04	$33.00	18.5%	5.2%	41.1%	17.5%	18.9%	2.8%	2.2%	15.7M	-144.3M	-3.8M	0.89	7.52	37,402	33,130	464,374	367,062
2013-04-10	$33.73	$33.00	16.4%	5.0%	41.8%	7.0%	18.2%	2.4%	2.2%	22.3M	-323.0M	-3.9M	0.72	8.80	31,259	22,609	469,284	378,625
2013-04-11	$33.62	$33.00	17.8%	5.1%	41.8%	13.6%	19.1%	2.3%	2.4%	20.8M	-291.2M	-3.9M	1.26	9.39	18,693	23,580	465,698	382,456
2013-04-12	$33.46	$33.00	18.7%	5.4%	40.9%	18.4%	18.7%	2.4%	2.1%	18.4M	-220.7M	-3.9M	0.76	9.43	16,484	12,578	466,441	381,928
2013-04-15	$32.80	$33.00	19.7%	5.7%	41.2%	23.4%	19.8%	3.2%	1.7%	10.7M	-49.9M	-3.8M	1.50	10.99	9,495	14,286	460,098	376,110
2013-04-16	$33.42	$33.00	19.0%	5.4%	42.0%	19.6%	19.0%	2.6%	2.2%	20.7M	-208.8M	-3.8M	0.59	9.83	14,312	8,407	461,799	376,232
2013-04-17	$32.49	$33.00	21.0%	6.0%	42.9%	29.7%	21.1%	3.3%	1.7%	7.8M	30.1M	-3.6M	0.83	9.66	19,951	16,642	465,797	378,722
2013-04-18	$32.12	$33.00	21.7%	6.2%	42.9%	33.1%	21.6%	4.0%	1.5%	-217.7K	99.5M	-3.6M	0.63	10.48	19,074	11,960	465,362	372,899
2013-04-19	$32.37	$33.00	20.2%	5.8%	23.3%	25.9%	19.7%	3.8%	2.4%	3.2M	34.6M	-3.5M	1.10	11.52	29,683	32,597	469,630	371,725
2013-04-22	$32.52	$33.00	19.0%	5.4%	23.0%	19.7%	20.3%	3.7%	2.4%	6.2M	-26.4M	-3.5M	0.88	10.26	21,515	18,880	374,284	304,940
2013-04-23	$32.46	$33.00	20.3%	5.8%	21.3%	26.1%	20.1%	3.6%	1.7%	5.5M	-16.7M	-3.6M	1.06	12.91	16,326	17,337	375,208	306,441
2013-04-24	$32.51	$33.00	18.5%	5.3%	21.1%	17.4%	19.5%	3.5%	3.0%	5.5M	-26.5M	-3.5M	1.07	12.63	11,347	12,146	372,487	306,405
2013-04-25	$32.27	$33.00	19.8%	5.7%	20.9%	23.6%	19.5%	3.2%	2.0%	3.2M	8.2M	-3.4M	0.69	12.80	15,651	10,746	376,799	307,851
2013-04-26	$32.36	$33.00	19.1%	5.5%	20.5%	20.4%	18.7%	2.6%	2.3%	3.8M	-1.2M	-3.5M	0.99	14.90	15,629	15,517	380,484	313,010
2013-04-29	$32.24	$33.00	23.9%	5.7%	20.5%	44.3%	20.2%	3.1%	1.9%	3.6M	18.7M	-3.5M	1.13	11.89	8,904	10,089	384,068	317,397
2013-04-30	$32.78	$33.00	21.6%	5.1%	21.0%	32.7%	18.3%	2.6%	2.8%	10.0M	-83.1M	-3.5M	1.08	11.41	25,673	27,720	386,541	319,857