ORCL Options History — January 2019

In January 2019, ORCL traded between $45.07 and $50.41. ATM implied volatility averaged 22.1%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded below realized volatility by 4.2% (HV 20d: 26.2%). Max pain ranged from $46.00 to $48.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.13.

Notable Days

  • 2019-01-18: Highest Volume — 40,980 contracts
  • 2019-01-22: Largest IV spike — 18.9% change
  • 2019-01-03: Highest IV Rank — 58.3%
  • 2019-01-02: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.39$45.07$50.41$45.09$50.17
Max Pain$46.43$46.00$48.00$48.00$47.00
ATM IV22.1%18.9%28.7%27.1%19.1%
Expected Move6.3%5.4%8.1%8.1%5.5%
HV 20d26.2%16.1%34.6%31.9%17.3%
HV 60d28.2%26.8%29.1%28.1%26.9%
IV Rank31.6%18.9%58.3%51.8%19.5%
IV Percentile49.8%32.5%85.3%78.2%32.5%
Term Structure-0.1%-1.0%0.7%0.1%-0.7%
VWIV22.7%18.9%28.1%26.6%19.4%
Skew 25d4.6%3.6%5.9%5.9%3.6%
Skew 10d9.1%1.6%12.3%12.3%6.0%
Call IV 25d20.1%17.2%26.2%24.5%17.4%
Put IV 25d24.6%21.1%31.6%30.4%21.1%
Bid-Ask Spread %3.983.0011.473.064.76
Gamma HHI0.120.090.170.110.15
Net GEX9.5M-14.1M20.2M-14.1M19.8M
Net DEX-110.2M-320.6M303.5M303.5M-295.8M
Net VEX-3.0M-3.2M-2.8M-3.0M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.265.620.291.76
Total Volume18,818.195,15440,98011,08914,603
Total OI468,622.667309,086572,056545,712344,038

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$45.09$48.0027.1%8.1%31.9%51.8%26.6%5.9%0.1%-14.1M303.5M-3.0M0.293.068,6252,464251,345294,367
2019-01-03$45.07$46.0028.7%8.1%31.4%58.3%28.1%5.4%-0.0%-12.7M296.0M-3.0M1.193.308,3769,953253,770295,183
2019-01-04$46.75$46.0025.5%7.2%34.6%45.3%25.1%4.8%-0.5%-6.8M85.7M-3.2M0.463.4114,4206,658256,447298,711
2019-01-07$47.64$46.0025.1%7.1%31.2%43.5%25.1%5.3%-0.4%-707.6K-18.3M-3.1M0.363.825,0151,785252,246294,226
2019-01-08$48.00$46.0024.3%6.8%31.2%40.5%23.9%5.0%-0.9%2.6M-70.5M-3.1M0.503.1612,2346,095255,313294,638
2019-01-09$47.85$46.0023.4%6.7%31.2%37.1%24.0%4.9%-0.1%3.0M-55.6M-3.1M0.443.2316,6227,305259,125297,049
2019-01-10$47.90$46.0024.0%6.6%31.1%39.2%23.5%5.0%-1.0%7.4M-76.2M-3.1M1.053.226,5196,849269,860298,168
2019-01-11$48.31$46.0022.4%6.3%30.4%33.0%24.7%4.7%-0.9%8.5M-144.0M-3.0M0.323.7519,5556,348269,534302,522
2019-01-14$48.25$46.0021.7%6.2%30.2%29.9%21.4%5.1%0.7%8.9M-113.8M-2.9M0.263.0423,4626,195268,268296,326
2019-01-15$48.42$46.0021.0%6.0%29.8%27.1%22.3%4.6%0.0%11.3M-81.1M-2.9M0.683.5313,5219,259251,254297,668
2019-01-16$48.19$46.0020.3%5.8%28.2%24.6%21.8%4.3%0.2%9.9M-56.1M-2.8M0.684.348,7045,919253,705298,493
2019-01-17$48.58$46.0019.4%5.6%28.2%21.0%20.3%4.3%0.5%15.7M-141.5M-2.9M0.613.2711,1436,749255,536293,176
2019-01-18$49.32$46.0019.1%5.4%28.5%19.5%18.9%3.8%0.3%18.4M-275.3M-2.8M0.343.3430,58210,398259,641295,643
2019-01-22$48.82$46.0022.7%6.3%28.8%34.0%22.6%5.1%-0.2%14.3M-169.5M-2.9M0.9511.477,6287,273161,534147,552
2019-01-23$49.30$47.0021.3%6.1%22.1%28.5%21.3%4.0%0.1%16.3M-214.7M-2.9M0.913.0010,9959,954166,375151,631
2019-01-24$49.19$47.0021.0%6.1%18.6%27.2%22.4%4.5%-0.1%20.2M-215.1M-3.0M1.533.755,9959,189173,519155,498
2019-01-25$49.78$47.0018.9%5.4%16.1%18.9%20.2%4.0%0.2%17.8M-276.9M-2.9M0.843.6613,52011,398174,908157,641
2019-01-28$49.52$47.0019.5%5.8%16.5%21.3%23.2%3.9%-0.1%19.4M-232.0M-3.0M5.623.317784,376173,896156,927
2019-01-29$49.61$47.0019.8%5.9%16.6%22.3%21.0%3.8%-0.3%19.8M-241.7M-2.9M4.103.073,02712,425174,560155,395
2019-01-30$50.41$47.0019.3%5.5%17.0%20.5%19.9%3.7%-0.1%20.0M-320.6M-2.9M0.886.0010,2309,036174,869160,519
2019-01-31$50.17$47.0019.1%5.5%17.3%19.5%19.4%3.6%-0.7%19.8M-295.8M-2.9M1.764.765,2969,307180,106163,932