ORCL Options History — November 2023

In November 2023, ORCL traded between $106.15 and $117.10. ATM implied volatility averaged 27.7%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 2.0% (HV 20d: 25.7%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2023-11-14: Highest Volume — 50,136 contracts
  • 2023-11-13: Largest IV spike — 19.6% change
  • 2023-11-16: Highest IV Rank — 48.6%
  • 2023-11-30: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.40$106.15$117.10$106.15$115.98
Max Pain$109.05$105.00$110.00$105.00$110.00
ATM IV27.7%22.2%31.9%24.1%30.3%
Expected Move9.2%7.1%10.8%7.1%10.8%
HV 20d25.7%16.9%32.1%29.4%16.9%
HV 60d39.5%37.9%40.5%40.2%37.9%
IV Rank34.2%15.6%48.6%22.0%43.0%
IV Percentile57.1%16.7%81.0%32.1%77.0%
Term Structure1.1%-1.9%8.9%0.6%-1.7%
VWIV32.1%24.9%38.1%24.9%38.1%
Skew 25d2.4%1.6%4.0%4.0%1.7%
Skew 10d5.0%3.2%7.6%7.6%3.2%
Call IV 25d26.7%20.4%31.8%22.0%29.7%
Put IV 25d29.2%23.5%33.9%26.0%31.4%
Bid-Ask Spread %6.102.469.545.927.79
Gamma HHI0.120.060.390.060.09
Net GEX38.9M8.1M100.5M8.1M40.0M
Net DEX-1.03B-1.46B-360.9M-360.9M-1.12B
Net VEX-6.9M-7.5M-6.3M-7.4M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.321.001.000.75
Total Volume27,881.04816,43950,13639,33818,262
Total OI579,584.048536,991628,947572,584566,277

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$106.15$105.0024.1%7.1%29.4%22.0%24.9%4.0%0.6%8.1M-360.9M-7.4M1.005.9219,67719,661299,425273,159
2023-11-02$106.78$105.0023.0%9.0%29.2%18.4%32.5%3.7%0.8%12.9M-454.6M-7.4M0.955.2215,60214,770304,128277,257
2023-11-03$108.16$105.0022.3%8.4%28.9%15.8%29.0%3.3%0.8%20.9M-636.3M-7.5M0.566.3825,17414,004308,617282,325
2023-11-06$108.75$110.0022.2%8.5%28.9%15.6%29.2%3.4%7.2%15.0M-597.5M-7.3M0.832.7012,0899,977303,004279,025
2023-11-07$109.09$110.0022.4%8.7%29.0%16.2%29.5%3.2%7.8%15.9M-632.2M-7.3M0.326.3920,1606,415304,109279,652
2023-11-08$112.48$110.0022.5%9.0%31.0%16.4%29.9%2.8%8.9%33.0M-1.03B-7.3M0.473.2026,90312,560305,220279,953
2023-11-09$111.93$110.0024.8%9.1%31.0%24.5%31.3%2.7%8.6%33.7M-967.7M-7.3M0.514.8720,47410,391310,691282,008
2023-11-10$113.05$110.0024.9%8.5%30.8%24.7%30.8%2.3%7.5%51.6M-1.13B-7.2M0.584.1315,9189,256314,957285,696
2023-11-13$114.25$110.0029.8%9.1%30.9%41.3%32.3%2.8%-0.8%45.0M-1.20B-7.0M0.532.4616,7138,911308,015277,781
2023-11-14$116.44$110.0030.7%9.1%31.5%44.5%32.2%2.0%-1.6%52.1M-1.46B-7.0M0.352.6537,16312,973312,009281,675
2023-11-15$114.44$110.0031.5%9.0%32.1%47.1%32.1%2.0%-1.1%55.7M-1.21B-7.1M0.814.4920,19916,448328,784287,509
2023-11-16$114.66$105.0031.9%9.2%32.1%48.6%32.8%2.1%-1.6%51.7M-1.23B-7.0M0.515.2217,7278,976331,015292,672
2023-11-17$115.30$110.0031.0%9.1%21.1%45.6%31.9%2.3%-1.8%59.6M-1.35B-6.9M0.459.2617,3487,837333,673295,274
2023-11-20$117.10$110.0030.7%9.2%20.8%44.4%32.7%2.0%-1.6%32.4M-1.25B-6.7M0.508.5523,07411,618271,887265,104
2023-11-21$115.93$110.0031.1%9.5%21.2%45.8%33.4%2.0%-1.8%34.7M-1.15B-6.7M0.579.2612,8427,325279,999268,992
2023-11-22$116.34$110.0029.8%9.2%19.2%41.4%32.2%1.8%-1.5%43.0M-1.19B-6.6M0.708.6413,6319,486285,331273,243
2023-11-24$115.92$110.0029.4%9.4%18.5%40.2%33.4%1.8%-1.9%100.5M-1.12B-6.6M0.579.5410,6846,064288,366277,761
2023-11-27$116.65$110.0029.9%10.0%18.4%41.8%35.4%2.0%-1.4%33.9M-1.19B-6.4M0.646.5410,0546,385276,303268,362
2023-11-28$115.97$110.0029.5%10.1%18.8%40.4%35.2%1.8%-1.2%35.5M-1.12B-6.4M0.719.3610,6087,545280,314271,245
2023-11-29$116.06$110.0029.6%10.3%18.9%40.7%36.1%1.6%-1.6%41.4M-1.15B-6.4M0.665.4712,3988,200286,200274,248
2023-11-30$115.98$110.0030.3%10.8%16.9%43.0%38.1%1.7%-1.7%40.0M-1.12B-6.3M0.757.7910,4157,847288,594277,683