ORCL Options History — March 2023

In March 2023, ORCL traded between $82.44 and $92.69. ATM implied volatility averaged 27.6%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 3.1% (HV 20d: 24.4%). Max pain ranged from $82.50 to $87.50. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.51.

Notable Days

2023-03-09: Highest Volume — 115,668 contracts
2023-03-10: Largest IV drop — 16.2% change
2023-03-09: Highest IV Rank — 41.0%
2023-03-02: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$87.56	$82.44	$92.69	$86.44	$92.69
Max Pain	$86.85	$82.50	$87.50	$82.50	$87.50
ATM IV	27.6%	21.2%	33.7%	32.9%	21.2%
Expected Move	7.9%	6.0%	11.0%	10.9%	6.0%
HV 20d	24.4%	18.3%	28.0%	20.5%	27.5%
HV 60d	21.7%	19.7%	22.8%	21.7%	22.8%
IV Rank	21.1%	0.0%	41.0%	38.4%	0.0%
IV Percentile	34.7%	0.0%	69.0%	61.9%	0.0%
Term Structure	-0.6%	-2.1%	0.8%	-1.6%	0.8%
VWIV	27.7%	21.8%	38.0%	37.1%	21.8%
Skew 25d	5.2%	4.0%	6.2%	6.1%	4.2%
Skew 10d	10.2%	7.5%	12.6%	11.8%	8.2%
Call IV 25d	25.3%	19.6%	32.0%	30.2%	19.6%
Put IV 25d	30.5%	23.8%	37.3%	36.3%	23.8%
Bid-Ask Spread %	4.78	2.72	8.91	4.29	3.74
Gamma HHI	0.11	0.06	0.30	0.10	0.08
Net GEX	30.7M	-7.3M	76.5M	16.6M	36.8M
Net DEX	-529.4M	-1.09B	-43.8M	-425.6M	-1.09B
Net VEX	-5.0M	-5.2M	-4.8M	-5.0M	-4.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.21	1.02	0.30	0.25
Total Volume	38,898.348	14,949	115,668	23,818	67,007
Total OI	428,719.043	362,950	512,253	420,759	420,143

Daily Data (23 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
2023-03-01	$86.44	$82.50	32.9%	10.9%	20.5%	38.4%	37.1%	6.1%	-1.6%	16.6M	-425.6M	-5.0M	0.30	4.29	18,314	5,504	218,640	202,119
2023-03-02	$87.09	$82.50	32.1%	11.0%	18.3%	35.6%	38.0%	5.2%	-1.9%	21.7M	-509.9M	-5.0M	0.21	3.79	17,264	3,711	223,511	204,470
2023-03-03	$89.13	$82.50	29.5%	10.6%	19.6%	27.3%	36.6%	5.3%	-1.4%	38.3M	-773.0M	-5.0M	0.60	2.72	26,295	15,709	227,542	205,941
2023-03-06	$89.74	$87.50	29.9%	7.9%	19.7%	28.4%	27.7%	5.0%	-1.3%	28.9M	-779.5M	-4.9M	0.57	4.04	23,054	13,207	217,601	201,813
2023-03-07	$88.37	$87.50	31.3%	8.3%	20.2%	33.2%	27.2%	5.0%	-1.8%	26.2M	-651.5M	-5.0M	0.39	8.91	20,434	7,987	225,967	208,424
2023-03-08	$88.50	$87.50	31.6%	8.4%	20.0%	34.1%	27.8%	5.1%	-1.9%	27.5M	-674.2M	-5.0M	0.89	6.74	16,452	14,590	232,956	211,857
2023-03-09	$86.68	$87.50	33.7%	8.9%	20.7%	41.0%	32.0%	5.3%	-2.1%	20.8M	-475.6M	-5.2M	0.85	6.10	62,471	53,197	238,091	217,868
2023-03-10	$83.63	$87.50	28.2%	8.2%	24.3%	23.4%	27.6%	4.0%	-0.5%	-7.3M	-43.8M	-4.8M	0.58	4.28	66,145	38,335	271,674	240,579
2023-03-13	$85.03	$87.50	29.5%	8.2%	25.0%	27.9%	29.5%	5.8%	-0.8%	19.7M	-326.3M	-5.0M	0.62	5.77	19,380	12,034	241,453	218,454
2023-03-14	$84.09	$87.50	28.3%	7.7%	23.6%	23.8%	27.2%	5.5%	-1.4%	17.9M	-223.5M	-4.9M	0.41	2.84	16,007	6,596	247,234	222,259
2023-03-15	$82.44	$87.50	30.0%	8.3%	24.3%	29.5%	29.8%	6.2%	-1.0%	9.6M	-44.8M	-4.8M	0.77	7.71	13,078	10,059	249,514	222,017
2023-03-16	$84.94	$87.50	26.4%	7.4%	26.9%	17.2%	26.0%	5.8%	-0.7%	25.7M	-363.5M	-4.9M	0.74	5.83	15,958	11,880	254,084	223,164
2023-03-17	$85.23	$87.50	27.7%	7.9%	26.8%	21.7%	27.1%	6.0%	-0.4%	24.4M	-403.4M	-5.0M	0.49	4.36	24,844	12,052	255,819	228,150
2023-03-20	$87.03	$87.50	26.9%	7.7%	27.9%	19.2%	25.8%	5.8%	-1.1%	16.7M	-392.0M	-4.9M	0.31	3.11	26,449	8,314	184,994	177,956
2023-03-21	$87.80	$87.50	24.8%	7.1%	28.0%	11.9%	24.4%	5.7%	-0.1%	25.4M	-490.3M	-5.0M	1.02	3.18	10,315	10,539	195,049	181,628
2023-03-22	$88.39	$87.50	25.2%	7.2%	28.0%	13.3%	25.2%	5.3%	-0.5%	28.9M	-561.1M	-5.1M	0.47	7.38	15,092	7,100	199,391	186,320
2023-03-23	$87.94	$87.50	26.9%	7.7%	25.9%	19.0%	26.3%	5.7%	0.2%	32.5M	-502.9M	-5.1M	0.22	5.41	36,860	8,064	201,523	189,301
2023-03-24	$88.03	$87.50	25.6%	7.3%	25.9%	14.6%	26.5%	5.0%	0.5%	64.2M	-535.1M	-5.0M	0.33	4.94	27,602	8,995	217,323	192,251
2023-03-27	$90.31	$87.50	23.5%	6.7%	27.3%	7.5%	24.5%	5.0%	0.7%	42.2M	-725.6M	-4.9M	0.43	4.44	37,018	15,919	204,545	179,519
2023-03-28	$89.56	$87.50	23.7%	6.8%	27.4%	8.3%	23.6%	4.5%	0.4%	48.0M	-643.1M	-4.9M	0.24	3.49	22,305	5,250	210,216	186,369
2023-03-29	$90.50	$87.50	22.7%	6.4%	27.3%	4.7%	22.7%	4.4%	0.4%	65.4M	-776.8M	-4.9M	0.63	3.23	17,344	10,983	216,724	188,599
2023-03-30	$90.35	$87.50	22.6%	6.4%	27.2%	4.3%	22.2%	4.6%	0.6%	76.5M	-766.4M	-5.0M	0.46	3.59	10,271	4,678	222,782	194,704
2023-03-31	$92.69	$87.50	21.2%	6.0%	27.5%	0.0%	21.8%	4.2%	0.8%	36.8M	-1.09B	-4.9M	0.25	3.74	53,753	13,254	224,395	195,748