ORCL Options History — July 2017

In July 2017, ORCL traded between $48.85 and $51.24. ATM implied volatility averaged 15.1%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 11.2% (HV 20d: 26.3%). Max pain ranged from $46.00 to $50.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.73.

Notable Days

2017-07-14: Highest Volume — 118,858 contracts
2017-07-27: Largest IV spike — 13.2% change
2017-07-06: Highest IV Rank — 32.9%
2017-07-06: Largest Expected Move — 4.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.28	$48.85	$51.24	$49.36	$49.96
Max Pain	$48.80	$46.00	$50.00	$46.00	$50.00
ATM IV	15.1%	13.8%	16.7%	16.1%	14.5%
Expected Move	4.3%	3.8%	4.9%	4.5%	3.9%
HV 20d	26.3%	13.6%	33.4%	33.1%	14.4%
HV 60d	20.8%	20.5%	21.1%	20.5%	21.0%
IV Rank	22.2%	12.9%	32.9%	28.9%	18.0%
IV Percentile	37.1%	19.8%	56.0%	51.2%	25.4%
Term Structure	0.2%	-0.6%	0.9%	0.3%	0.0%
VWIV	15.8%	13.8%	18.2%	16.1%	14.0%
Skew 25d	2.2%	1.7%	3.1%	2.5%	1.8%
Skew 10d	4.8%	3.4%	6.2%	4.7%	3.7%
Call IV 25d	14.6%	13.3%	16.2%	15.6%	14.3%
Put IV 25d	16.8%	15.2%	19.1%	18.1%	16.2%
Bid-Ask Spread %	5.89	2.25	11.85	10.27	4.62
Gamma HHI	0.14	0.12	0.18	0.12	0.16
Net GEX	46.5M	30.9M	89.7M	42.2M	30.9M
Net DEX	-959.5M	-1.27B	-696.6M	-939.6M	-696.6M
Net VEX	-3.7M	-4.0M	-3.5M	-3.8M	-3.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.11	1.52	1.52	0.88
Total Volume	37,718.55	16,896	118,858	27,198	16,896
Total OI	655,296	595,276	709,761	641,178	609,941

Daily Data (20 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
2017-07-03	$49.36	$46.00	16.1%	4.5%	33.1%	28.9%	16.1%	2.5%	0.3%	42.2M	-939.6M	-3.8M	1.52	10.27	10,790	16,408	391,320	249,858
2017-07-05	$49.55	$46.00	16.3%	4.6%	32.9%	30.4%	16.6%	3.1%	0.1%	39.9M	-975.1M	-3.7M	0.87	11.49	13,723	11,987	393,298	258,160
2017-07-06	$48.85	$48.00	16.7%	4.9%	33.4%	32.9%	16.8%	2.9%	0.1%	39.5M	-804.2M	-4.0M	0.15	6.00	69,819	10,617	399,226	263,792
2017-07-07	$49.35	$48.00	16.0%	4.7%	33.4%	27.9%	18.1%	2.6%	0.6%	40.5M	-925.5M	-3.9M	0.59	5.85	17,165	10,154	418,391	265,634
2017-07-10	$49.73	$49.00	15.6%	4.6%	32.9%	25.6%	17.1%	2.5%	0.4%	45.4M	-996.0M	-3.8M	0.64	6.76	11,266	7,255	413,131	261,423
2017-07-11	$49.84	$49.00	15.7%	4.5%	32.8%	26.1%	18.2%	2.4%	0.1%	45.8M	-1.05B	-3.7M	1.09	5.20	14,487	15,799	416,365	262,790
2017-07-12	$50.46	$49.00	15.6%	4.5%	32.9%	25.2%	17.5%	2.5%	0.3%	50.5M	-1.20B	-3.6M	0.41	4.61	22,550	9,158	424,154	272,148
2017-07-13	$50.33	$49.00	15.4%	4.5%	32.8%	24.0%	16.6%	2.3%	0.2%	49.6M	-1.18B	-3.6M	0.64	5.34	14,646	9,319	429,696	274,928
2017-07-14	$50.59	$49.00	13.8%	4.1%	32.8%	13.0%	14.9%	1.7%	0.9%	46.0M	-1.27B	-3.5M	0.11	4.57	107,156	11,702	432,402	277,359
2017-07-17	$50.42	$49.00	14.7%	4.2%	32.9%	19.3%	15.8%	2.0%	0.2%	42.8M	-879.7M	-3.6M	0.90	2.25	12,842	11,495	362,350	275,175
2017-07-18	$50.45	$49.00	14.9%	4.3%	32.8%	20.8%	15.1%	2.1%	-0.1%	41.5M	-870.1M	-3.6M	1.10	5.44	14,406	15,841	364,039	279,204
2017-07-19	$51.02	$49.00	15.1%	4.3%	32.9%	22.3%	16.4%	1.8%	-0.5%	54.6M	-993.8M	-3.7M	0.46	11.85	55,021	25,050	368,398	284,884
2017-07-20	$51.24	$49.00	15.2%	4.4%	32.8%	22.6%	15.0%	1.7%	-0.3%	89.7M	-1.12B	-3.7M	0.57	3.44	18,835	10,782	398,491	300,755
2017-07-21	$50.74	$49.00	14.8%	4.3%	14.0%	19.9%	14.8%	1.7%	-0.6%	41.7M	-945.1M	-3.9M	0.99	6.14	15,149	14,994	400,947	303,628
2017-07-24	$50.83	$49.00	13.8%	3.9%	13.6%	12.9%	14.3%	2.1%	0.8%	45.4M	-895.2M	-3.5M	0.86	2.45	14,286	12,310	346,736	248,540
2017-07-25	$51.15	$49.00	13.9%	4.0%	13.8%	14.0%	14.4%	2.1%	0.5%	53.3M	-946.6M	-3.6M	0.78	3.62	14,717	11,436	353,177	251,829
2017-07-26	$51.09	$50.00	13.9%	4.0%	13.8%	13.9%	14.1%	1.8%	-0.0%	55.0M	-940.9M	-3.6M	0.18	4.65	41,290	7,610	357,687	254,894
2017-07-27	$50.34	$50.00	15.7%	4.1%	14.8%	26.5%	15.7%	2.3%	0.1%	39.1M	-796.8M	-3.6M	0.94	8.97	19,042	17,924	358,406	257,266
2017-07-28	$50.36	$50.00	14.8%	3.8%	14.2%	20.0%	13.8%	2.1%	-0.0%	37.3M	-778.4M	-3.7M	0.89	4.35	10,819	9,625	361,544	263,954
2017-07-31	$49.96	$50.00	14.5%	3.9%	14.4%	18.0%	14.0%	1.8%	0.0%	30.9M	-696.6M	-3.7M	0.88	4.62	8,995	7,901	347,929	262,012