ORCL Options History — August 2023

In August 2023, ORCL traded between $112.72 and $121.09. ATM implied volatility averaged 31.8%, placing in the 48.1% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 9.1% (HV 20d: 22.6%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.55.

Notable Days

2023-08-23: Highest Volume — 159,954 contracts
2023-08-14: Largest IV spike — 17.8% change
2023-08-23: Highest IV Rank — 69.0%
2023-08-23: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.10	$112.72	$121.09	$117.86	$120.55
Max Pain	$105.39	$100.00	$110.00	$110.00	$105.00
ATM IV	31.8%	24.0%	37.9%	24.0%	32.5%
Expected Move	10.1%	7.0%	11.4%	7.0%	10.7%
HV 20d	22.6%	18.3%	29.6%	20.8%	28.3%
HV 60d	29.2%	26.7%	29.9%	29.4%	29.9%
IV Rank	48.1%	21.8%	69.0%	21.8%	50.5%
IV Percentile	69.2%	32.1%	94.4%	32.1%	74.2%
Term Structure	0.9%	-1.7%	8.7%	-0.4%	-1.1%
VWIV	35.8%	24.8%	40.6%	24.8%	38.1%
Skew 25d	2.8%	1.4%	3.8%	1.4%	2.6%
Skew 10d	5.5%	2.8%	7.1%	2.8%	5.0%
Call IV 25d	30.7%	23.8%	36.4%	23.8%	31.6%
Put IV 25d	33.5%	25.2%	40.1%	25.2%	34.2%
Bid-Ask Spread %	2.67	1.76	4.87	2.57	2.10
Gamma HHI	0.10	0.07	0.34	0.11	0.08
Net GEX	56.5M	18.4M	96.6M	69.5M	71.3M
Net DEX	-1.41B	-1.98B	-787.8M	-1.63B	-1.94B
Net VEX	-7.8M	-8.2M	-7.5M	-7.5M	-8.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.24	1.03	0.25	0.58
Total Volume	52,476.391	21,407	159,954	35,071	32,001
Total OI	627,978.957	548,407	678,286	603,834	643,036

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
2023-08-01	$117.86	$110.00	24.0%	7.0%	20.8%	21.8%	24.8%	1.4%	-0.4%	69.5M	-1.63B	-7.5M	0.25	2.57	28,046	7,025	362,703	241,131
2023-08-02	$115.64	$110.00	25.0%	7.3%	21.3%	25.1%	25.9%	2.3%	-0.5%	61.6M	-1.36B	-7.6M	0.69	2.60	23,194	15,936	376,313	243,985
2023-08-03	$114.35	$100.00	25.0%	9.0%	21.6%	25.0%	32.0%	2.2%	-0.5%	43.0M	-1.16B	-7.6M	0.45	4.18	22,194	9,902	377,008	249,214
2023-08-04	$114.38	$105.00	25.4%	9.3%	21.6%	26.5%	33.6%	2.2%	-0.6%	25.0M	-1.14B	-7.6M	0.41	4.87	34,916	14,490	387,379	253,947
2023-08-07	$115.71	$105.00	25.3%	9.7%	21.8%	26.2%	34.9%	2.1%	8.5%	43.8M	-1.35B	-7.7M	0.24	3.17	36,860	8,744	364,835	251,429
2023-08-08	$115.03	$105.00	25.4%	9.8%	21.8%	26.3%	35.5%	2.2%	8.7%	60.0M	-1.35B	-7.9M	0.91	3.27	16,327	14,917	382,374	254,495
2023-08-09	$113.07	$105.00	26.1%	9.8%	22.3%	28.8%	34.6%	2.9%	8.2%	46.8M	-1.08B	-7.7M	0.41	2.22	42,851	17,677	387,822	257,674
2023-08-10	$112.73	$105.00	27.3%	9.7%	21.5%	32.7%	34.2%	2.8%	8.2%	41.6M	-1.01B	-7.8M	0.42	2.54	24,361	10,319	392,002	262,529
2023-08-11	$113.11	$105.00	28.3%	9.7%	20.9%	36.4%	34.4%	2.5%	8.7%	36.4M	-1.07B	-7.7M	1.03	2.45	31,788	32,697	397,970	262,791
2023-08-14	$115.72	$105.00	33.4%	10.2%	22.7%	53.6%	35.4%	3.1%	-1.6%	67.1M	-1.55B	-7.6M	0.42	2.34	28,573	12,014	388,098	258,258
2023-08-15	$116.76	$105.00	36.0%	10.6%	22.0%	62.6%	37.2%	3.1%	-1.7%	67.2M	-1.72B	-7.7M	0.48	2.18	57,766	27,640	393,666	263,098
2023-08-16	$115.48	$105.00	37.1%	10.6%	21.4%	66.3%	37.8%	3.2%	-1.1%	61.1M	-1.46B	-7.8M	0.47	1.92	27,521	12,926	398,002	272,000
2023-08-17	$114.66	$105.00	37.0%	10.7%	19.4%	65.8%	37.5%	3.4%	-1.1%	62.1M	-1.31B	-7.9M	0.47	1.79	26,099	12,301	398,921	274,824
2023-08-18	$116.84	$105.00	37.5%	10.9%	19.5%	67.5%	37.7%	3.3%	-1.6%	68.8M	-1.72B	-7.8M	0.61	1.76	32,637	19,936	402,177	276,109
2023-08-21	$116.84	$105.00	36.6%	10.8%	19.4%	64.4%	38.2%	3.1%	-1.5%	50.8M	-1.39B	-7.7M	0.33	2.00	27,544	9,026	317,930	230,477
2023-08-22	$116.30	$105.00	37.7%	11.2%	19.5%	68.2%	38.8%	3.1%	-1.7%	56.5M	-1.35B	-7.8M	1.01	1.98	10,676	10,731	331,725	234,603
2023-08-23	$118.09	$109.00	37.9%	11.4%	18.3%	69.0%	40.6%	3.8%	-1.2%	61.7M	-1.57B	-7.8M	0.89	3.95	84,570	75,384	334,606	241,801
2023-08-24	$112.72	$105.00	37.3%	11.3%	24.8%	67.0%	39.6%	3.1%	-1.7%	18.4M	-787.8M	-8.1M	0.81	2.53	40,703	32,886	357,342	268,879
2023-08-25	$115.91	$105.00	35.3%	10.7%	26.9%	59.9%	38.1%	3.2%	-1.5%	96.6M	-1.22B	-8.2M	0.42	2.61	46,192	19,602	362,802	275,105
2023-08-28	$116.80	$105.00	34.3%	11.0%	26.9%	56.8%	38.3%	3.2%	-1.2%	56.7M	-1.40B	-8.1M	0.36	2.96	28,069	10,245	337,469	253,471
2023-08-29	$121.09	$105.00	33.8%	10.9%	29.6%	55.1%	38.8%	2.6%	-0.9%	61.8M	-1.98B	-7.9M	0.38	2.42	56,377	21,401	342,892	258,688
2023-08-30	$120.72	$105.00	32.9%	10.6%	28.7%	51.9%	37.2%	2.6%	-1.1%	72.4M	-1.97B	-7.9M	0.65	3.01	31,420	20,473	355,694	266,242
2023-08-31	$120.55	$105.00	32.5%	10.7%	28.3%	50.5%	38.1%	2.6%	-1.1%	71.3M	-1.94B	-8.0M	0.58	2.10	20,256	11,745	364,174	278,862