ORCL Options History — July 2023

In July 2023, ORCL traded between $113.98 and $120.99. ATM implied volatility averaged 23.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded below realized volatility by 3.6% (HV 20d: 27.1%). Max pain ranged from $110.00 to $110.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-07-10: Highest Volume — 101,471 contracts
  • 2023-07-26: Largest IV drop — 8.1% change
  • 2023-07-25: Highest IV Rank — 28.7%
  • 2023-07-25: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.86$113.98$120.99$117.44$116.68
Max Pain$110.00$110.00$110.00$110.00$110.00
ATM IV23.6%21.3%26.1%21.3%23.7%
Expected Move6.7%5.9%7.5%5.9%6.8%
HV 20d27.1%19.6%38.5%37.8%21.2%
HV 60d28.5%27.9%29.4%28.2%29.3%
IV Rank20.1%12.3%28.7%12.3%20.6%
IV Percentile28.2%9.1%44.8%9.1%31.0%
Term Structure-0.2%-0.7%0.2%0.2%0.0%
VWIV24.0%21.1%26.8%21.1%24.1%
Skew 25d1.5%0.8%2.1%1.6%1.8%
Skew 10d2.9%1.5%4.0%3.3%3.7%
Call IV 25d23.3%20.8%25.6%20.8%23.2%
Put IV 25d24.8%22.5%27.1%22.5%25.0%
Bid-Ask Spread %2.291.367.022.222.25
Gamma HHI0.100.060.260.080.09
Net GEX46.3M-4.4M91.2M39.4M47.9M
Net DEX-1.45B-2.16B-1.04B-1.48B-1.39B
Net VEX-7.4M-7.8M-7.0M-7.3M-7.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.150.780.280.34
Total Volume52,06726,085101,47126,08534,934
Total OI646,891.15578,381696,788645,048583,859

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$117.44$110.0021.3%5.9%37.8%12.3%21.1%1.6%0.2%39.4M-1.48B-7.3M0.282.2220,3915,694372,072272,976
2023-07-05$115.85$110.0022.1%6.2%38.4%15.1%22.1%1.4%-0.2%26.6M-1.26B-7.3M0.452.3530,34213,791376,124274,874
2023-07-06$115.41$110.0022.6%6.5%38.5%16.9%23.4%1.8%-0.1%23.0M-1.21B-7.0M0.422.6127,38311,507384,353277,845
2023-07-07$114.77$110.0022.3%6.4%37.4%15.7%22.6%1.5%0.0%21.2M-1.11B-7.3M0.502.3326,96013,353387,946280,984
2023-07-10$113.98$110.0022.9%6.4%36.9%17.8%23.0%2.1%-0.5%16.8M-1.06B-7.2M0.151.5788,60712,864363,310273,866
2023-07-11$114.75$110.0022.5%6.4%36.2%16.5%22.9%1.8%0.1%29.4M-1.04B-7.2M0.282.0231,2958,754354,867278,610
2023-07-12$115.94$110.0023.3%6.7%28.8%19.4%23.4%1.1%-0.0%45.7M-1.31B-7.4M0.262.2679,15020,322364,437275,816
2023-07-13$117.63$110.0022.8%6.5%29.2%17.5%23.6%0.8%-0.1%75.5M-1.66B-7.6M0.192.0464,17012,181389,855277,845
2023-07-14$119.13$110.0022.7%6.5%23.8%17.3%23.7%1.0%0.0%91.2M-1.97B-7.6M0.361.6268,90424,483403,992283,146
2023-07-17$118.90$110.0023.6%6.7%20.1%20.3%24.0%1.7%-0.1%63.7M-1.79B-7.8M0.171.5735,7516,219390,738280,195
2023-07-18$120.99$110.0024.8%7.1%21.4%24.3%25.1%0.8%-0.2%75.1M-2.16B-7.6M0.201.5552,18310,605390,404282,238
2023-07-19$118.82$110.0024.6%7.0%19.6%23.6%25.0%1.3%-0.2%67.7M-1.82B-7.5M0.271.6934,0049,024404,619284,126
2023-07-20$115.68$110.0024.5%7.0%21.5%23.3%24.5%1.6%-0.4%32.9M-1.22B-7.4M0.431.9933,48014,317406,615286,890
2023-07-21$117.81$110.0024.6%7.1%22.4%23.6%25.0%1.4%-0.3%77.7M-1.62B-7.3M0.471.3638,29217,980407,011289,777
2023-07-24$118.12$110.0024.7%7.1%21.9%24.1%25.6%1.4%-0.5%58.1M-1.54B-7.5M0.422.0722,3969,504347,936230,445
2023-07-25$118.12$110.0026.1%7.5%21.2%28.7%26.8%1.6%-0.7%60.2M-1.61B-7.4M0.782.3123,65518,356357,680237,472
2023-07-26$115.36$110.0024.0%6.8%22.5%21.5%24.3%1.9%0.0%36.2M-1.19B-7.3M0.577.0229,79317,010368,078248,151
2023-07-27$116.00$110.0024.8%7.1%22.1%24.2%25.0%1.6%-0.1%41.7M-1.29B-7.4M0.592.9425,63215,226373,122248,693
2023-07-28$115.78$110.0023.4%6.6%22.0%19.6%23.9%1.6%0.0%-4.4M-1.22B-7.3M0.382.0323,8079,021376,216250,640
2023-07-31$116.68$110.0023.7%6.8%21.2%20.6%24.1%1.8%0.0%47.9M-1.39B-7.4M0.342.2526,1208,814346,927236,932