ORCL Options History — May 2023

In May 2023, ORCL traded between $94.48 and $106.19. ATM implied volatility averaged 25.0%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 7.0% (HV 20d: 18.0%). Max pain ranged from $85.00 to $95.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.57.

Notable Days

  • 2023-05-25: Highest Volume — 116,303 contracts
  • 2023-05-15: Largest IV spike — 19.6% change
  • 2023-05-31: Highest IV Rank — 36.7%
  • 2023-05-31: Largest Expected Move — 9.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.15$94.48$106.19$95.02$106.19
Max Pain$88.75$85.00$95.00$95.00$90.00
ATM IV25.0%18.8%29.8%19.0%29.8%
Expected Move8.2%5.5%9.8%5.5%9.8%
HV 20d18.0%14.3%27.9%15.4%27.6%
HV 60d21.6%20.5%24.3%21.1%24.1%
IV Rank22.1%3.4%36.7%4.0%36.7%
IV Percentile29.8%1.6%57.1%2.0%57.1%
Term Structure1.6%-2.1%9.5%0.8%-1.4%
VWIV29.4%18.9%35.2%18.9%34.4%
Skew 25d5.1%3.8%7.0%4.2%3.8%
Skew 10d9.9%7.5%13.4%8.0%7.5%
Call IV 25d22.5%17.0%28.4%17.0%28.4%
Put IV 25d27.6%21.2%33.5%21.2%32.2%
Bid-Ask Spread %4.181.786.652.693.33
Gamma HHI0.140.090.320.130.10
Net GEX53.8M32.0M76.4M38.3M42.8M
Net DEX-1.20B-1.79B-744.2M-772.5M-1.67B
Net VEX-5.3M-5.6M-5.0M-5.4M-5.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.251.200.420.55
Total Volume34,260.1828,428116,30335,63828,851
Total OI475,070.682430,911525,535430,911489,760

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$95.02$95.0019.0%5.5%15.4%4.0%18.9%4.2%0.8%38.3M-772.5M-5.4M0.422.6925,03710,601217,779213,132
2023-05-02$94.48$95.0020.4%5.9%15.2%8.3%19.7%4.5%0.6%57.5M-744.2M-5.6M0.492.9210,7905,250236,692218,581
2023-05-03$94.81$95.0019.8%5.8%15.2%6.6%20.3%4.3%0.8%63.2M-798.3M-5.5M0.573.378,6724,917240,142220,523
2023-05-04$94.75$85.0021.5%8.5%14.6%11.5%31.4%4.9%1.4%75.0M-776.1M-5.6M1.205.405,0716,064242,561224,129
2023-05-05$96.94$85.0019.1%7.9%16.6%4.6%28.5%4.2%0.6%46.1M-1.16B-5.5M0.256.0750,53112,411243,993226,509
2023-05-08$96.69$85.0019.6%8.1%14.8%5.9%27.9%4.7%8.6%53.5M-998.8M-5.5M0.535.127,4153,948236,266226,630
2023-05-09$96.15$85.0020.2%8.5%15.0%7.6%29.2%5.0%9.5%54.9M-928.4M-5.4M0.386.407,9692,991238,985227,859
2023-05-10$97.53$85.0018.8%8.1%15.7%3.4%29.1%4.3%9.5%54.9M-1.14B-5.3M0.506.4520,47510,301238,543228,090
2023-05-11$97.16$85.0021.6%8.2%14.3%12.0%31.6%4.3%8.9%64.7M-1.07B-5.3M0.816.1013,74311,097240,809231,254
2023-05-12$97.82$87.5023.0%8.3%14.5%16.3%30.3%4.4%9.4%51.5M-1.18B-5.3M0.304.2331,8379,645244,495234,407
2023-05-15$97.47$87.5027.6%8.5%14.5%29.9%29.7%7.0%-1.1%65.4M-1.06B-5.3M0.396.6511,2394,400242,454227,051
2023-05-16$98.37$87.5029.2%8.7%14.5%34.8%29.6%6.7%-1.8%69.7M-1.20B-5.2M0.261.7836,1319,490246,330228,240
2023-05-17$100.06$87.5029.4%8.4%15.2%35.4%31.1%6.7%-1.3%62.6M-1.43B-5.1M0.522.2227,48214,187250,678233,938
2023-05-18$102.31$87.5029.4%8.5%15.9%35.4%30.8%5.7%-2.1%54.7M-1.69B-5.0M0.362.8750,81018,235254,407239,580
2023-05-19$102.97$90.0027.4%7.9%16.0%29.5%29.4%5.6%0.2%76.4M-1.79B-5.2M0.493.1330,68415,140266,740247,209
2023-05-22$101.94$90.0026.5%7.7%16.7%26.7%28.0%5.6%-1.0%42.3M-1.33B-5.1M0.682.5010,0796,849235,765221,852
2023-05-23$98.69$90.0028.6%8.6%20.4%33.0%31.7%5.9%-1.1%32.0M-893.3M-5.4M1.084.157,6728,303243,800226,835
2023-05-24$98.31$90.0029.6%8.9%20.2%36.0%35.2%6.0%-1.0%37.2M-871.6M-5.5M1.085.504,0514,377249,052227,991
2023-05-25$104.13$90.0029.6%9.1%27.9%36.2%32.8%5.3%-1.5%53.4M-1.59B-5.2M0.506.0577,63438,669249,231231,426
2023-05-26$104.13$90.0029.6%9.0%27.8%36.2%32.6%4.7%-1.6%43.7M-1.66B-5.5M0.602.4939,69723,745274,245251,290
2023-05-30$105.40$90.0029.6%9.6%27.9%36.1%34.1%4.1%-1.5%43.7M-1.60B-5.2M0.542.5217,6509,584253,425228,877
2023-05-31$106.19$90.0029.8%9.8%27.6%36.7%34.4%3.8%-1.4%42.8M-1.67B-5.3M0.553.3318,61710,234257,715232,045