ORCL Options History — February 2023

In February 2023, ORCL traded between $86.07 and $90.43. ATM implied volatility averaged 29.4%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 8.5% (HV 20d: 20.9%). Max pain ranged from $80.00 to $82.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.52.

Notable Days

  • 2023-02-23: Highest Volume — 55,384 contracts
  • 2023-02-06: Largest IV spike — 11.1% change
  • 2023-02-28: Highest IV Rank — 39.9%
  • 2023-02-28: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.02$86.07$90.43$90.43$87.25
Max Pain$80.79$80.00$82.50$82.50$82.50
ATM IV29.4%21.5%33.4%21.5%33.4%
Expected Move9.0%6.3%10.6%6.3%10.6%
HV 20d20.9%18.9%22.0%20.6%20.6%
HV 60d22.8%21.9%23.2%22.7%21.9%
IV Rank26.7%0.7%39.9%0.7%39.9%
IV Percentile43.3%0.4%64.7%0.4%64.7%
Term Structure0.5%-1.8%4.4%3.9%-1.4%
VWIV31.6%22.5%36.5%22.5%36.5%
Skew 25d4.8%3.9%6.2%4.3%5.1%
Skew 10d9.4%7.3%12.4%8.3%9.9%
Call IV 25d27.1%19.0%30.6%19.0%30.6%
Put IV 25d31.9%23.3%35.7%23.3%35.7%
Bid-Ask Spread %4.012.287.657.654.36
Gamma HHI0.130.090.260.140.10
Net GEX40.9M18.1M67.4M47.2M22.3M
Net DEX-684.8M-976.8M-408.6M-976.8M-506.5M
Net VEX-4.9M-5.1M-4.7M-4.9M-5.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.171.050.510.49
Total Volume27,152.42112,71855,38421,66314,669
Total OI424,578.368378,842467,412411,487415,415

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$90.43$82.5021.5%6.3%20.6%0.7%22.5%4.3%3.9%47.2M-976.8M-4.9M0.517.6514,3607,303217,579193,908
2023-02-02$89.06$80.0022.6%7.9%21.7%4.2%27.8%3.9%3.7%53.9M-833.0M-5.0M0.684.7010,9507,404225,523196,973
2023-02-03$89.41$80.0023.3%7.9%21.6%6.5%27.6%4.4%4.4%40.6M-862.1M-5.0M0.974.219,7919,487229,459198,390
2023-02-06$88.48$80.0025.8%8.4%21.0%15.0%28.9%5.2%2.4%37.3M-724.4M-4.9M0.554.4513,0377,232214,611195,331
2023-02-07$87.80$80.0026.1%8.5%21.1%15.8%29.7%4.6%2.9%38.5M-652.3M-4.9M0.325.6828,6399,296221,461198,224
2023-02-08$86.57$80.0028.0%8.7%21.7%22.2%30.4%3.9%2.0%38.3M-555.4M-4.9M0.573.008,6744,949230,712201,658
2023-02-09$86.72$80.0029.5%9.1%20.1%27.3%32.1%6.2%1.5%40.7M-548.1M-5.1M0.483.4911,9415,710233,532202,861
2023-02-10$87.35$80.0030.3%9.1%20.3%29.6%33.0%4.8%2.6%38.1M-637.4M-4.8M0.613.7421,18712,939235,528204,639
2023-02-13$89.31$80.0031.2%9.1%21.5%32.8%32.2%5.7%-0.8%39.5M-864.9M-4.9M0.172.7141,7997,247221,817206,734
2023-02-14$89.34$80.0030.8%8.9%21.2%31.3%31.4%5.4%-0.5%59.4M-952.0M-4.9M0.353.3520,7527,165239,353210,027
2023-02-15$88.43$80.0031.1%8.9%20.1%32.5%31.9%4.5%-0.8%67.4M-844.6M-4.8M1.054.2811,33111,914240,899211,755
2023-02-16$87.56$80.0031.8%9.2%20.4%34.7%31.9%4.2%-1.2%64.1M-696.1M-4.8M0.433.4116,7857,278245,366218,382
2023-02-17$87.06$80.0031.3%9.0%20.2%33.0%31.7%4.2%-1.1%51.0M-564.0M-4.9M0.452.2838,03217,083246,841220,571
2023-02-21$86.50$80.0032.9%10.1%19.1%38.4%35.9%4.5%-1.8%18.1M-428.9M-4.8M0.643.1514,2389,099192,125186,717
2023-02-22$86.07$82.5032.4%9.7%18.9%36.7%33.1%4.6%-1.3%23.4M-408.6M-4.7M0.503.608,4624,256200,521191,064
2023-02-23$88.66$82.5031.5%9.5%22.0%33.7%33.1%5.4%-1.6%40.0M-703.5M-4.8M0.234.4045,06610,318206,255192,970
2023-02-24$88.56$82.5032.0%9.9%21.9%35.4%35.0%5.1%-1.0%33.9M-683.3M-5.0M0.533.6417,2049,057216,866198,178
2023-02-27$87.91$82.5032.8%10.3%22.0%38.2%35.6%5.9%-1.6%22.6M-569.5M-5.0M0.354.1815,7615,481208,232196,512
2023-02-28$87.25$82.5033.4%10.6%20.6%39.9%36.5%5.1%-1.4%22.3M-506.5M-5.1M0.494.369,8634,806215,483199,932