ORCL Options History — April 2023

In April 2023, ORCL traded between $93.56 and $96.41. ATM implied volatility averaged 20.0%, placing in the 2.7% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 0.5% (HV 20d: 20.5%). Max pain ranged from $87.50 to $95.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.59.

Notable Days

2023-04-06: Highest Volume — 119,934 contracts
2023-04-25: Largest IV spike — 12.0% change
2023-04-25: Highest IV Rank — 9.7%
2023-04-10: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$94.80	$93.56	$96.41	$93.71	$94.69
Max Pain	$91.05	$87.50	$95.00	$87.50	$95.00
ATM IV	20.0%	17.6%	22.3%	20.9%	18.9%
Expected Move	5.7%	5.0%	6.7%	5.7%	5.3%
HV 20d	20.5%	17.3%	27.6%	27.6%	17.7%
HV 60d	22.3%	21.4%	22.9%	22.9%	21.4%
IV Rank	2.7%	0.0%	9.7%	0.0%	3.7%
IV Percentile	1.3%	0.0%	4.8%	0.0%	1.6%
Term Structure	0.1%	-0.5%	1.1%	0.3%	0.1%
VWIV	20.1%	17.8%	22.6%	20.9%	17.8%
Skew 25d	4.1%	3.6%	4.7%	4.3%	4.1%
Skew 10d	8.3%	6.3%	10.3%	9.6%	7.9%
Call IV 25d	18.2%	16.1%	20.5%	19.3%	17.1%
Put IV 25d	22.4%	20.1%	25.0%	23.7%	21.2%
Bid-Ask Spread %	2.78	1.92	3.50	3.15	2.87
Gamma HHI	0.18	0.08	0.60	0.08	0.37
Net GEX	61.4M	22.3M	154.7M	47.0M	75.2M
Net DEX	-970.0M	-1.29B	-572.7M	-1.07B	-745.7M
Net VEX	-5.0M	-5.3M	-4.8M	-4.8M	-5.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.10	1.60	0.40	0.57
Total Volume	37,708.684	17,854	119,934	40,671	49,698
Total OI	433,971.947	406,272	472,625	408,284	454,976

Daily Data (19 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
2023-04-03	$93.71	$87.50	20.9%	5.7%	27.6%	0.0%	20.9%	4.3%	0.3%	47.0M	-1.07B	-4.8M	0.40	3.15	29,058	11,613	216,372	191,912
2023-04-04	$93.84	$87.50	21.3%	5.8%	26.8%	1.2%	21.3%	4.4%	0.1%	51.5M	-1.09B	-5.0M	0.29	3.25	17,662	5,055	222,579	193,068
2023-04-05	$94.97	$87.50	21.5%	5.7%	27.0%	1.9%	20.6%	4.3%	0.4%	50.3M	-1.22B	-4.9M	0.23	2.70	25,244	5,926	230,550	195,064
2023-04-06	$95.60	$87.50	21.2%	6.3%	25.4%	0.8%	22.5%	4.3%	0.2%	44.2M	-1.29B	-4.8M	0.10	2.81	109,472	10,462	232,328	197,983
2023-04-10	$93.73	$87.50	22.3%	6.7%	22.5%	4.6%	22.6%	4.5%	1.0%	47.3M	-848.0M	-5.1M	0.45	2.62	22,058	9,911	208,587	197,685
2023-04-11	$93.91	$90.00	21.6%	6.1%	22.2%	2.2%	21.7%	4.1%	-0.4%	58.4M	-909.9M	-5.1M	0.25	2.46	16,331	4,139	218,766	200,160
2023-04-12	$93.84	$90.00	21.3%	5.9%	21.5%	1.1%	21.0%	4.2%	-0.5%	69.8M	-906.7M	-5.1M	0.24	2.60	30,035	7,297	223,330	202,016
2023-04-13	$95.69	$90.00	19.8%	5.8%	19.8%	0.0%	20.7%	3.6%	0.8%	78.5M	-1.17B	-5.0M	0.52	2.54	28,567	14,966	228,931	206,291
2023-04-14	$95.84	$90.00	19.5%	5.7%	18.0%	0.0%	19.8%	3.6%	0.5%	80.2M	-1.18B	-4.9M	0.56	2.91	25,841	14,378	228,579	213,447
2023-04-17	$95.57	$90.00	19.3%	5.6%	18.3%	0.0%	18.6%	3.7%	-0.3%	55.6M	-1.05B	-4.9M	1.20	2.99	8,117	9,737	217,614	213,124
2023-04-18	$96.41	$92.50	17.6%	5.0%	17.4%	0.0%	19.5%	3.8%	1.1%	54.0M	-1.14B	-4.9M	0.71	2.65	16,094	11,364	220,437	218,353
2023-04-19	$95.66	$92.50	18.5%	5.3%	17.9%	2.6%	18.0%	3.6%	-0.3%	60.2M	-1.04B	-5.0M	0.42	1.92	16,120	6,725	225,800	224,846
2023-04-20	$94.63	$92.50	19.4%	5.5%	18.7%	5.2%	19.5%	4.2%	0.1%	64.5M	-892.7M	-5.1M	1.36	2.25	12,199	16,587	235,194	227,995
2023-04-21	$94.91	$92.50	18.0%	5.1%	18.4%	1.1%	18.1%	4.1%	0.4%	154.7M	-927.9M	-5.1M	0.24	2.12	44,017	10,676	237,634	234,991
2023-04-24	$95.38	$92.50	18.6%	5.3%	18.4%	3.0%	18.3%	4.0%	-0.1%	55.8M	-854.0M	-5.1M	0.64	3.49	19,930	12,730	214,698	197,923
2023-04-25	$94.27	$95.00	20.9%	6.0%	17.3%	9.7%	20.5%	4.7%	-0.0%	42.4M	-711.4M	-5.2M	1.60	3.50	11,290	18,087	219,725	204,393
2023-04-26	$93.56	$95.00	20.8%	6.0%	17.3%	9.7%	20.8%	4.6%	-0.2%	22.3M	-572.7M	-5.3M	0.61	2.87	23,649	14,310	221,801	219,886
2023-04-27	$94.97	$95.00	19.4%	5.6%	17.6%	5.2%	19.8%	4.5%	-0.2%	55.4M	-810.7M	-5.2M	0.76	3.04	15,453	11,667	226,241	222,188
2023-04-28	$94.69	$95.00	18.9%	5.3%	17.7%	3.7%	17.8%	4.1%	0.1%	75.2M	-745.7M	-5.3M	0.57	2.87	31,610	18,088	228,201	226,775