ORCL Options History — March 2019

In March 2019, ORCL traded between $52.12 and $54.00. ATM implied volatility averaged 21.1%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 9.3% (HV 20d: 11.8%). Max pain ranged from $49.00 to $52.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.10.

Notable Days

  • 2019-03-15: Highest Volume — 117,327 contracts
  • 2019-03-15: Largest IV drop — 39.7% change
  • 2019-03-08: Highest IV Rank — 51.5%
  • 2019-03-08: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.00$52.12$54.00$52.62$53.68
Max Pain$51.57$49.00$52.50$49.00$52.50
ATM IV21.1%15.2%27.0%24.1%16.8%
Expected Move6.2%4.0%13.5%4.8%5.3%
HV 20d11.8%7.6%16.8%11.0%16.8%
HV 60d18.6%15.2%22.6%22.6%15.3%
IV Rank27.9%3.9%51.5%39.6%10.4%
IV Percentile45.7%4.0%82.5%63.9%17.1%
Term Structure-0.7%-2.3%1.7%-1.4%0.6%
VWIV21.9%14.0%46.6%18.2%17.5%
Skew 25d4.6%3.0%6.3%5.2%4.1%
Skew 10d9.4%5.8%13.3%9.9%8.2%
Call IV 25d19.1%13.8%24.6%21.9%15.7%
Put IV 25d23.8%16.8%30.9%27.1%19.8%
Bid-Ask Spread %5.342.7828.253.073.10
Gamma HHI0.140.110.200.190.12
Net GEX22.2M16.4M34.9M23.2M23.2M
Net DEX-333.1M-425.8M-197.2M-386.0M-349.9M
Net VEX-3.5M-3.9M-3.1M-3.1M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.292.940.651.26
Total Volume35,027.8113,418117,32731,18816,928
Total OI431,431.381366,521509,483366,521467,895

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$52.62$49.0024.1%4.8%11.0%39.6%18.2%5.2%-1.4%23.2M-386.0M-3.1M0.653.0718,86912,319188,341178,180
2019-03-04$52.12$49.0025.5%5.6%11.5%45.5%20.2%5.2%-1.2%22.2M-312.7M-3.1M0.713.467,8455,573191,300177,888
2019-03-05$52.50$49.0024.8%5.5%11.3%42.4%19.9%5.1%-1.4%25.8M-362.9M-3.1M1.194.0810,37612,362195,113179,446
2019-03-06$52.39$49.0024.7%11.1%11.4%42.2%39.0%5.4%-0.5%17.4M-332.0M-3.3M0.993.7313,66313,484197,237190,167
2019-03-07$52.58$49.5026.1%12.3%11.4%47.6%42.3%5.5%-2.1%18.1M-355.9M-3.3M1.173.1215,41818,035202,218196,113
2019-03-08$52.72$50.0027.0%13.5%8.5%51.5%46.6%6.3%-2.3%16.4M-369.4M-3.5M1.173.1013,87316,290207,531203,586
2019-03-11$52.83$52.5025.3%6.3%7.8%44.5%21.4%5.5%1.7%17.4M-360.4M-3.4M1.513.8911,06416,757204,065202,836
2019-03-12$52.91$52.5025.7%5.8%7.6%46.1%24.8%6.1%-0.8%17.5M-363.3M-3.4M1.362.7815,67921,344207,170212,237
2019-03-13$53.24$52.5024.8%5.7%7.8%42.6%19.7%5.5%-0.8%18.8M-402.1M-3.4M0.742.9519,40614,273214,822229,084
2019-03-14$53.02$52.5026.7%5.8%8.0%50.3%19.7%5.9%-2.2%18.1M-371.7M-3.5M0.9712.3639,06437,858222,775236,879
2019-03-15$53.05$52.5016.1%4.5%8.0%7.7%15.6%3.6%0.3%20.0M-410.7M-3.4M0.694.9669,25248,075249,783259,700
2019-03-18$53.59$52.5015.2%4.5%8.6%4.0%14.0%3.0%-0.7%28.4M-361.0M-3.5M0.5228.2524,92513,027206,564212,786
2019-03-19$53.97$52.5015.2%4.0%8.4%3.9%15.2%3.3%-0.5%32.5M-422.5M-3.6M1.203.7713,57216,300212,573221,195
2019-03-20$52.72$52.5016.8%4.7%12.0%10.3%15.7%3.5%-1.1%16.5M-197.2M-3.7M0.713.8920,76314,781215,787228,622
2019-03-21$54.00$52.5016.8%4.5%14.5%10.3%16.3%3.6%-0.1%34.9M-425.8M-3.7M0.294.3738,92511,143223,854230,850
2019-03-22$52.84$52.5018.4%5.4%16.6%16.8%18.4%4.0%-2.3%22.4M-226.6M-3.9M1.095.6218,37920,007236,275235,414
2019-03-25$52.84$52.5019.3%5.5%16.6%20.3%19.3%4.3%0.3%21.0M-223.3M-3.9M2.943.636,40918,835224,112220,163
2019-03-26$53.16$52.5018.7%5.4%16.7%18.0%18.2%4.0%0.1%23.6M-269.6M-3.9M0.493.6211,0395,439225,767230,188
2019-03-27$52.90$52.5018.6%5.4%16.6%17.6%19.5%3.8%0.3%20.6M-215.8M-3.9M2.004.186,26012,532227,021230,680
2019-03-28$53.27$52.5017.6%5.3%16.7%13.8%18.2%3.7%0.4%28.6M-275.6M-3.9M1.354.166,5608,881229,293234,549
2019-03-29$53.68$52.5016.8%5.3%16.8%10.4%17.5%4.1%0.6%23.2M-349.9M-3.9M1.263.107,5059,423229,192238,703