ORCL Options History — June 2023

In June 2023, ORCL traded between $104.88 and $126.11. ATM implied volatility averaged 26.5%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 8.2% (HV 20d: 34.7%). Max pain ranged from $90.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.44.

Notable Days

  • 2023-06-12: Highest Volume — 460,606 contracts
  • 2023-06-13: Largest IV drop — 51.6% change
  • 2023-06-12: Highest IV Rank — 88.7%
  • 2023-06-12: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.59$104.88$126.11$106.06$119.34
Max Pain$104.05$90.00$110.00$90.00$110.00
ATM IV26.5%20.9%47.0%29.3%20.9%
Expected Move7.3%5.7%12.0%9.8%5.7%
HV 20d34.7%26.8%41.6%27.7%37.0%
HV 60d25.6%21.8%27.9%23.8%27.9%
IV Rank27.7%11.2%88.7%35.2%11.2%
IV Percentile35.3%7.5%99.6%50.4%7.5%
Term Structure-0.8%-4.4%0.8%-1.6%0.2%
VWIV26.3%20.5%43.5%34.6%20.5%
Skew 25d0.8%-4.5%3.8%3.8%0.6%
Skew 10d1.8%-9.6%7.4%7.4%1.9%
Call IV 25d26.7%21.1%49.4%27.9%21.1%
Put IV 25d27.4%21.7%44.9%31.7%21.7%
Bid-Ask Spread %4.782.9610.532.982.96
Gamma HHI0.110.080.230.100.23
Net GEX63.3M38.1M120.9M39.8M103.4M
Net DEX-2.23B-4.27B-1.45B-1.66B-2.07B
Net VEX-6.5M-7.5M-5.1M-5.3M-7.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.150.850.440.15
Total Volume124,229.66717,386460,60627,296126,691
Total OI687,220.476495,379963,543502,865727,462

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$106.06$90.0029.3%9.8%27.7%35.2%34.6%3.8%-1.6%39.8M-1.66B-5.3M0.442.9818,9278,369264,879237,986
2023-06-02$106.16$90.0028.2%9.5%27.7%31.9%33.7%3.6%-1.5%50.9M-1.71B-5.2M0.383.5128,89111,103272,131243,008
2023-06-05$107.00$97.5028.9%7.6%27.0%33.9%25.8%3.3%-1.2%41.1M-1.68B-5.1M0.655.3530,05719,486262,181233,198
2023-06-06$107.31$100.0031.0%8.0%26.8%40.2%27.3%2.5%-1.7%41.1M-1.70B-5.3M0.235.7446,93710,982275,629244,653
2023-06-07$104.88$100.0031.5%8.0%28.4%42.0%27.7%2.0%-1.6%42.9M-1.50B-5.6M0.406.2219,8117,908305,499248,039
2023-06-08$107.34$100.0030.9%7.9%29.0%39.9%27.5%2.1%-2.1%64.0M-1.83B-5.6M0.254.5513,9113,475325,850257,488
2023-06-09$109.73$100.0034.9%8.9%29.4%52.2%31.8%0.3%-2.4%72.2M-2.18B-5.7M0.284.5370,01519,576337,103260,239
2023-06-12$116.77$100.0047.0%12.0%35.5%88.7%43.5%-4.5%-4.4%50.5M-2.80B-6.0M0.445.61320,693139,913357,584264,474
2023-06-13$116.34$102.5022.8%6.4%35.5%15.5%23.0%-0.1%-0.5%86.2M-2.91B-6.1M0.588.11257,458148,083498,117349,887
2023-06-14$122.04$105.0024.7%6.8%38.1%21.2%24.8%-1.2%-1.1%114.7M-3.69B-6.5M0.476.66196,98693,160505,033383,464
2023-06-15$126.11$105.0026.4%7.3%38.9%29.7%27.3%-2.5%-1.1%120.9M-4.27B-6.9M0.347.39198,34168,079512,641408,646
2023-06-16$125.90$105.0024.1%6.9%38.9%21.9%24.9%-1.2%-0.0%90.2M-4.15B-7.1M0.5110.5397,80450,258530,808432,735
2023-06-20$122.10$110.0022.5%6.4%41.6%16.5%23.4%0.3%0.5%53.0M-2.24B-7.3M0.512.9869,89535,594388,330293,019
2023-06-21$121.99$110.0022.4%6.4%41.2%16.4%23.6%0.5%0.3%65.3M-2.26B-7.3M0.413.1580,89333,311415,426296,613
2023-06-22$120.53$110.0021.6%6.2%39.0%13.6%22.1%1.1%0.4%62.4M-2.08B-7.5M0.493.3556,80927,785437,892300,175
2023-06-23$118.81$110.0021.3%6.0%39.7%12.4%23.1%1.0%0.8%38.1M-1.78B-7.5M0.683.0746,90231,963446,611309,221
2023-06-26$117.01$110.0022.1%6.2%36.3%15.3%22.4%1.3%-0.1%40.4M-1.53B-7.5M0.253.2967,16517,089399,256285,098
2023-06-27$118.18$110.0022.0%6.1%36.2%14.9%22.0%0.9%-0.1%62.9M-1.73B-7.5M0.593.4817,33210,185412,573288,276
2023-06-28$116.52$110.0022.0%6.1%36.9%14.9%21.4%0.8%0.1%40.9M-1.45B-7.4M0.853.7925,62021,709415,973289,968
2023-06-29$117.29$110.0021.8%6.0%36.9%14.1%21.3%1.1%-0.2%48.8M-1.63B-7.4M0.423.0642,05317,604425,129289,336
2023-06-30$119.34$110.0020.9%5.7%37.0%11.2%20.5%0.6%0.2%103.4M-2.07B-7.5M0.152.96109,72116,970434,915292,547