ORCL Options History — July 2018

In July 2018, ORCL traded between $44.72 and $48.95. ATM implied volatility averaged 16.6%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 10.2% (HV 20d: 26.8%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2018-07-13: Highest Volume — 86,156 contracts
  • 2018-07-20: Largest IV drop — 9.8% change
  • 2018-07-03: Highest IV Rank — 33.4%
  • 2018-07-05: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.68$44.72$48.95$44.80$47.79
Max Pain$45.88$45.00$47.00$45.00$47.00
ATM IV16.6%14.9%18.6%18.2%17.1%
Expected Move4.8%4.3%5.4%5.2%5.0%
HV 20d26.8%11.6%38.3%36.8%14.2%
HV 60d24.9%24.7%25.2%24.8%24.7%
IV Rank22.6%13.4%33.4%31.1%25.1%
IV Percentile36.6%19.4%52.4%49.2%41.7%
Term Structure0.1%-0.3%0.5%0.4%-0.3%
VWIV17.5%15.7%19.2%18.4%18.1%
Skew 25d2.9%2.3%3.5%3.5%2.8%
Skew 10d6.3%4.3%7.1%6.7%6.1%
Call IV 25d15.8%14.1%17.7%17.4%16.2%
Put IV 25d18.7%16.6%21.2%20.9%19.0%
Bid-Ask Spread %9.303.8623.6623.665.61
Gamma HHI0.120.070.160.080.11
Net GEX17.6M-5.2M33.1M-4.9M6.9M
Net DEX-304.0M-578.6M117.3M113.0M-219.4M
Net VEX-4.1M-4.3M-4.0M-4.2M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.321.890.470.84
Total Volume33,259.52415,06686,15648,88423,458
Total OI626,476.048539,548684,655668,901563,202

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$44.80$45.0018.2%5.2%36.8%31.1%18.4%3.5%0.4%-4.9M113.0M-4.2M0.4723.6633,14715,737346,342322,559
2018-07-03$44.72$45.5018.6%5.4%36.8%33.4%18.5%3.5%0.3%-5.2M117.3M-4.2M0.7317.6313,97010,227355,583325,871
2018-07-05$45.44$45.0018.4%5.4%37.1%32.3%19.2%3.4%0.2%3.2M-25.8M-4.2M0.566.8119,86011,033358,204326,451
2018-07-06$46.03$45.0016.7%5.0%37.5%23.1%18.3%3.2%0.3%14.5M-133.7M-4.3M0.649.6322,07514,222355,891327,739
2018-07-09$46.69$45.0015.9%4.7%37.6%19.0%17.8%3.3%0.5%15.1M-228.3M-4.2M0.687.3717,77112,145342,580319,884
2018-07-10$46.98$45.0016.7%4.7%37.7%23.3%16.9%2.9%-0.2%18.6M-283.1M-4.1M0.788.2319,30715,131344,656321,240
2018-07-11$47.71$45.0017.0%4.8%38.1%24.7%19.0%3.1%-0.2%26.6M-416.9M-4.2M1.474.4015,32622,483345,622322,326
2018-07-12$48.14$45.0016.7%4.8%38.3%23.1%17.4%3.1%0.0%28.7M-485.0M-4.2M0.826.3920,68716,953344,833325,502
2018-07-13$48.73$46.0016.5%4.8%33.1%22.0%17.9%2.8%0.4%27.1M-578.6M-4.2M0.326.8465,22620,930348,516333,351
2018-07-16$48.44$46.0017.4%5.0%33.2%26.6%17.5%2.8%-0.1%24.7M-383.0M-4.1M0.584.1218,64210,804310,386323,736
2018-07-17$48.95$46.0016.2%4.6%33.3%20.4%17.4%2.3%-0.1%33.1M-481.8M-4.1M0.655.9424,15615,604313,485324,256
2018-07-18$48.58$46.0016.2%4.6%33.4%20.2%18.6%2.6%-0.0%27.1M-399.2M-4.1M0.723.8613,5569,760315,759326,353
2018-07-19$48.38$46.0017.1%4.9%16.5%25.1%17.4%3.0%0.1%24.8M-359.3M-4.1M1.185.7717,35620,546316,879324,680
2018-07-20$48.59$46.0015.4%4.4%16.5%16.2%16.0%2.8%-0.1%15.2M-415.8M-4.0M0.744.8221,46715,942320,205335,754
2018-07-23$48.63$46.0015.3%4.4%14.8%15.8%15.9%2.6%0.1%20.1M-378.4M-4.0M0.847.7311,1689,348293,745245,803
2018-07-24$48.60$46.0015.4%4.4%14.9%16.1%15.9%2.4%0.1%21.4M-385.5M-4.0M0.875.3613,85212,067298,869247,156
2018-07-25$48.84$47.0015.1%4.3%14.9%14.4%15.7%2.5%0.2%22.9M-418.1M-4.1M1.4012.006,2788,788303,428251,166
2018-07-26$48.86$47.0014.9%4.3%11.6%13.4%15.7%2.5%0.4%22.8M-426.4M-4.0M0.8716.1510,1238,785304,423252,460
2018-07-27$48.57$47.0016.3%4.8%12.3%20.7%17.4%3.4%-0.1%15.7M-372.9M-4.1M1.6317.5912,88420,986305,758253,586
2018-07-30$47.73$47.0017.7%5.3%14.6%28.6%18.8%3.2%-0.1%10.1M-222.2M-4.1M1.8915.359,21217,438302,923254,835
2018-07-31$47.79$47.0017.1%5.0%14.2%25.1%18.1%2.8%-0.3%6.9M-219.4M-4.0M0.845.6112,77210,686303,464259,738