ORCL Options History — January 2023

In January 2023, ORCL traded between $83.56 and $89.63. ATM implied volatility averaged 23.6%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 4.3% (HV 20d: 19.3%). Max pain ranged from $75.00 to $85.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.50.

Notable Days

2023-01-06: Highest Volume — 115,589 contracts
2023-01-19: Largest IV spike — 9.1% change
2023-01-05: Highest IV Rank — 15.3%
2023-01-05: Largest Expected Move — 7.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$87.37	$83.56	$89.63	$83.56	$88.16
Max Pain	$82.05	$75.00	$85.00	$75.00	$82.50
ATM IV	23.6%	21.3%	26.4%	25.8%	23.0%
Expected Move	6.8%	6.1%	7.4%	7.3%	7.0%
HV 20d	19.3%	16.9%	25.3%	25.3%	20.1%
HV 60d	25.0%	22.2%	28.5%	28.5%	22.2%
IV Rank	6.9%	0.0%	15.3%	13.4%	5.7%
IV Percentile	8.6%	0.0%	25.0%	21.8%	8.3%
Term Structure	0.0%	-1.2%	3.6%	-0.2%	3.6%
VWIV	24.3%	21.8%	26.9%	26.8%	24.6%
Skew 25d	3.7%	2.7%	4.2%	3.9%	4.1%
Skew 10d	7.4%	5.1%	9.0%	8.2%	8.3%
Call IV 25d	21.7%	19.5%	24.7%	24.3%	20.9%
Put IV 25d	25.4%	22.7%	28.6%	28.3%	25.0%
Bid-Ask Spread %	3.70	1.92	6.67	3.55	4.06
Gamma HHI	0.14	0.09	0.33	0.12	0.12
Net GEX	54.1M	28.0M	99.0M	34.1M	33.8M
Net DEX	-938.9M	-1.31B	-623.0M	-826.8M	-714.1M
Net VEX	-4.6M	-4.9M	-4.3M	-4.4M	-4.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.10	1.35	0.58	0.42
Total Volume	35,962.2	16,024	115,589	30,557	20,347
Total OI	481,785.3	378,757	561,713	502,537	399,489

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
2023-01-03	$83.56	$75.00	25.8%	7.3%	25.3%	13.4%	26.8%	3.9%	-0.2%	34.1M	-826.8M	-4.4M	0.58	3.55	19,373	11,184	250,868	251,669
2023-01-04	$84.07	$76.00	26.1%	7.3%	18.9%	14.3%	26.1%	3.7%	-0.5%	40.2M	-922.6M	-4.5M	0.70	3.44	21,464	14,987	261,052	256,102
2023-01-05	$84.07	$82.50	26.4%	7.4%	18.2%	15.3%	26.9%	3.9%	-0.3%	41.3M	-907.5M	-4.6M	0.49	3.78	16,240	8,026	265,020	263,921
2023-01-06	$85.88	$82.50	24.5%	7.2%	19.2%	9.1%	24.6%	3.1%	-0.3%	41.5M	-1.16B	-4.4M	0.10	2.60	105,355	10,234	268,569	266,803
2023-01-09	$86.62	$82.50	24.5%	6.9%	18.9%	9.1%	24.5%	4.2%	-0.3%	47.1M	-839.5M	-4.5M	0.33	3.46	24,095	7,832	229,734	260,596
2023-01-10	$86.45	$82.50	24.9%	6.9%	18.9%	10.3%	24.9%	3.9%	-0.8%	57.3M	-867.8M	-4.5M	1.35	2.47	8,586	11,596	242,964	263,963
2023-01-11	$88.38	$82.50	24.2%	7.0%	19.7%	8.2%	24.9%	3.3%	0.3%	56.6M	-1.10B	-4.4M	0.27	2.44	28,687	7,755	244,460	269,184
2023-01-12	$88.44	$82.50	23.0%	6.6%	19.4%	3.9%	23.3%	2.7%	0.2%	69.9M	-1.12B	-4.3M	0.36	3.20	23,105	8,219	248,377	273,991
2023-01-13	$89.41	$82.50	21.3%	6.1%	19.0%	0.0%	21.8%	3.2%	-0.3%	53.2M	-1.31B	-4.3M	0.29	1.92	25,649	7,438	262,514	277,494
2023-01-17	$88.55	$85.00	22.5%	6.5%	16.9%	4.1%	21.9%	3.5%	-1.0%	67.6M	-1.10B	-4.4M	0.30	3.32	19,288	5,744	254,036	268,984
2023-01-18	$86.70	$85.00	22.2%	6.4%	19.3%	3.1%	23.0%	3.8%	-0.1%	73.0M	-867.8M	-4.5M	0.27	2.71	34,420	9,303	265,388	270,143
2023-01-19	$86.25	$82.50	24.2%	7.0%	19.5%	9.7%	24.5%	4.0%	-1.2%	69.5M	-802.3M	-4.6M	0.21	4.48	52,995	10,905	272,214	274,376
2023-01-20	$87.13	$82.50	22.4%	6.4%	19.6%	3.5%	22.1%	4.0%	0.1%	99.0M	-1.00B	-4.6M	0.47	3.18	18,186	8,578	282,452	279,261
2023-01-23	$88.69	$82.50	22.0%	6.5%	20.2%	2.4%	25.3%	4.1%	-0.3%	44.5M	-877.6M	-4.7M	0.42	2.84	43,377	18,068	205,347	173,410
2023-01-24	$89.35	$82.50	22.2%	6.6%	18.1%	3.1%	24.3%	3.8%	-0.0%	43.9M	-904.4M	-4.7M	1.10	6.23	13,522	14,859	205,701	186,553
2023-01-25	$89.38	$82.50	22.8%	6.7%	18.2%	5.0%	23.0%	3.8%	-0.4%	48.0M	-917.6M	-4.7M	0.77	6.41	9,041	6,983	212,996	195,409
2023-01-26	$89.63	$82.50	22.1%	6.6%	18.2%	2.6%	24.4%	3.3%	-0.1%	57.1M	-979.0M	-4.8M	0.50	6.67	18,883	9,392	217,003	197,518
2023-01-27	$89.31	$82.50	22.5%	6.7%	17.6%	3.9%	23.8%	3.8%	-0.7%	76.2M	-942.5M	-4.9M	0.58	4.13	16,334	9,543	222,114	202,298
2023-01-30	$87.28	$82.50	24.4%	7.3%	19.9%	10.4%	25.4%	4.2%	2.9%	28.0M	-623.0M	-4.9M	0.60	3.09	12,287	7,364	204,130	189,603
2023-01-31	$88.16	$82.50	23.0%	7.0%	20.1%	5.7%	24.6%	4.1%	3.6%	33.8M	-714.1M	-4.9M	0.42	4.06	14,307	6,040	208,791	190,698