ORCL Options History — April 2018

In April 2018, ORCL traded between $44.88 and $47.20. ATM implied volatility averaged 20.7%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 13.7% (HV 20d: 34.4%). Max pain ranged from $46.00 to $48.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2018-04-02: Highest Volume — 95,537 contracts
  • 2018-04-06: Largest IV spike — 9.3% change
  • 2018-04-02: Highest IV Rank — 71.1%
  • 2018-04-02: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.85$44.88$47.20$45.02$45.89
Max Pain$46.29$46.00$48.00$48.00$46.00
ATM IV20.7%17.9%25.6%25.6%18.3%
Expected Move6.0%5.1%7.8%7.8%5.5%
HV 20d34.4%17.7%44.7%43.5%17.7%
HV 60d32.3%31.8%32.6%31.9%32.1%
IV Rank45.9%31.3%71.1%71.1%33.3%
IV Percentile62.5%50.8%84.9%84.9%50.8%
Term Structure-0.2%-1.3%0.3%0.2%-0.1%
VWIV21.3%18.6%27.5%27.5%19.2%
Skew 25d3.8%3.0%4.8%4.8%3.0%
Skew 10d7.9%6.2%10.0%9.2%6.6%
Call IV 25d19.5%16.6%23.9%23.9%17.1%
Put IV 25d23.3%20.1%28.7%28.7%20.1%
Bid-Ask Spread %12.704.2725.7812.4425.78
Gamma HHI0.140.090.220.220.11
Net GEX-2.9M-17.4M11.9M-11.1M5.4M
Net DEX136.8M-152.0M395.5M308.0M21.6M
Net VEX-4.4M-4.7M-4.1M-4.3M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.453.863.860.92
Total Volume29,325.14318,28995,53795,53724,506
Total OI700,171.81579,178764,296671,423588,115

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$45.02$48.0025.6%7.8%43.5%71.1%27.5%4.8%0.2%-11.1M308.0M-4.3M3.8612.4419,65175,886388,658282,765
2018-04-03$44.88$48.0023.5%7.1%42.7%60.4%24.7%4.5%-0.2%-17.4M390.6M-4.4M0.709.4425,18917,625397,236320,735
2018-04-04$45.60$48.0022.2%6.6%43.3%53.4%23.4%3.7%-0.1%-14.2M270.7M-4.6M0.5920.4818,69111,113408,188327,768
2018-04-05$45.98$46.0021.4%6.0%43.4%49.3%21.4%4.0%-0.0%-9.6M187.4M-4.7M0.807.3015,60012,529414,489329,914
2018-04-06$44.88$46.0023.4%6.7%43.6%59.7%23.3%4.1%-0.0%-13.7M395.5M-4.6M0.807.4318,85715,072418,777333,573
2018-04-09$45.20$46.0023.2%6.6%43.0%58.8%23.4%4.4%-0.3%-16.7M343.8M-4.5M0.634.3014,2548,966408,593329,492
2018-04-10$45.87$46.0022.3%6.3%43.7%54.2%22.2%4.0%-0.1%-12.3M213.0M-4.6M0.5410.5517,8309,572410,708331,848
2018-04-11$45.64$46.0021.4%6.2%43.7%49.4%22.2%4.0%0.1%-14.6M261.5M-4.5M0.9013.2110,3919,390416,719334,737
2018-04-12$46.12$46.0020.5%5.9%44.1%44.6%21.1%3.6%-0.1%-9.2M163.9M-4.6M0.9111.0413,63612,447418,771338,104
2018-04-13$46.02$46.0020.2%5.8%44.0%43.2%21.0%3.5%0.0%6.1M187.9M-4.6M0.9516.6414,50913,760423,519340,777
2018-04-16$46.14$46.0019.3%5.5%44.1%38.4%20.0%3.5%-0.0%-7.1M126.5M-4.5M0.924.2711,95711,045414,754334,132
2018-04-17$46.82$46.0017.9%5.1%44.7%31.3%18.9%3.5%-0.2%6.2M-54.3M-4.5M0.8210.8916,94413,960418,360329,871
2018-04-18$47.20$46.0018.0%5.2%26.5%32.0%18.8%3.8%-0.2%11.9M-152.0M-4.5M0.578.3317,75410,175423,099331,859
2018-04-19$46.92$46.0018.4%5.3%26.6%33.8%18.6%3.3%-0.3%7.6M-77.1M-4.5M0.5915.0713,0477,721425,906335,135
2018-04-20$46.18$46.0019.8%5.7%25.7%41.2%19.6%4.0%-0.4%11.6M72.8M-4.4M0.776.6013,17810,136429,667334,547
2018-04-23$45.81$46.0019.6%5.7%24.5%40.0%19.5%3.4%-0.5%4.0M21.5M-4.3M0.8616.0314,00112,107320,881258,297
2018-04-24$45.40$46.0021.0%6.2%21.1%47.4%21.2%3.6%0.3%1.2M84.4M-4.3M0.7425.5713,1569,801326,995263,096
2018-04-25$45.66$46.0021.2%6.2%19.0%48.2%21.2%3.9%-1.3%3.2M48.4M-4.3M0.4513.8114,9746,762330,619265,580
2018-04-26$46.13$46.0019.3%5.7%19.1%38.7%19.7%3.4%-0.5%5.9M-20.8M-4.3M0.5914.3911,4846,805330,879265,731
2018-04-27$45.57$46.0018.5%5.5%18.7%34.5%19.5%3.1%-1.1%2.2M79.0M-4.1M0.8513.0311,5639,784333,440267,274
2018-04-30$45.89$46.0018.3%5.5%17.7%33.3%19.2%3.0%-0.1%5.4M21.6M-4.2M0.9225.7812,76911,737324,134263,981