ORCL Options History — December 2023

In December 2023, ORCL traded between $100.52 and $117.07. ATM implied volatility averaged 25.4%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 13.1% (HV 20d: 38.5%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-12-12: Highest Volume — 436,838 contracts
  • 2023-12-12: Largest IV drop — 34.2% change
  • 2023-12-11: Highest IV Rank — 54.6%
  • 2023-12-01: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.00$100.52$117.07$117.07$105.25
Max Pain$105.25$105.00$110.00$110.00$105.00
ATM IV25.4%20.8%33.7%30.7%21.0%
Expected Move7.1%5.8%11.6%11.6%5.8%
HV 20d38.5%16.6%50.5%17.0%50.5%
HV 60d33.6%23.7%38.0%38.0%35.1%
IV Rank26.4%10.9%54.6%44.3%11.6%
IV Percentile39.5%6.7%92.1%77.8%8.7%
Term Structure-0.4%-2.0%0.7%-1.8%0.7%
VWIV25.4%20.3%40.9%40.9%20.3%
Skew 25d0.7%-1.3%1.9%1.0%1.4%
Skew 10d1.1%-2.8%4.3%1.4%3.1%
Call IV 25d25.3%20.2%33.3%31.1%20.2%
Put IV 25d26.0%21.1%33.8%32.1%21.5%
Bid-Ask Spread %5.933.0813.5813.587.60
Gamma HHI0.100.060.180.170.18
Net GEX41.5M-43.2M97.7M53.4M71.0M
Net DEX-560.7M-1.29B800.8M-1.29B-405.9M
Net VEX-7.0M-7.8M-5.3M-6.3M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.231.250.330.40
Total Volume117,387.6527,615436,83836,56562,167
Total OI703,069.7554,936944,377571,414735,530

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$117.07$110.0030.7%11.6%17.0%44.3%40.9%1.0%-1.8%53.4M-1.29B-6.3M0.3313.5827,4599,106290,333281,081
2023-12-04$115.78$105.0032.9%8.6%17.6%51.8%29.7%1.4%-1.1%21.5M-1.05B-6.4M0.604.5119,63311,727280,414274,522
2023-12-05$114.32$105.0032.4%8.5%18.4%50.1%30.7%1.8%-1.3%17.0M-891.0M-6.5M0.843.8424,93620,858287,525280,203
2023-12-06$112.31$105.0032.3%8.6%19.8%49.9%29.8%1.9%-1.4%3.7M-645.4M-6.6M0.497.8625,95212,721294,280288,718
2023-12-07$112.82$105.0032.2%8.3%16.6%49.4%29.9%1.8%-1.5%9.4M-735.8M-6.6M0.7810.4815,48612,129301,276290,107
2023-12-08$113.54$105.0031.6%8.3%16.6%47.6%29.7%0.9%-1.7%15.4M-823.0M-6.7M0.684.4224,03716,432305,634294,411
2023-12-11$114.94$105.0033.7%8.9%16.8%54.6%31.5%0.5%-2.0%20.7M-1.02B-6.6M0.573.24145,05682,313299,164291,504
2023-12-12$101.22$105.0022.2%6.3%48.1%15.4%22.4%1.0%-0.4%-43.2M800.8M-5.3M0.695.47257,732179,106387,408336,394
2023-12-13$102.91$105.0020.8%5.8%48.0%10.9%21.1%-0.0%-0.6%5.5M154.1M-6.5M0.803.19194,423155,488493,361365,606
2023-12-14$100.52$105.0021.6%6.1%48.2%13.4%22.3%-0.2%-0.3%-12.9M482.0M-6.6M0.435.34124,42453,165529,742382,025
2023-12-15$103.78$105.0022.5%6.4%50.0%16.6%22.7%-1.3%-0.3%76.1M-455.2M-7.3M0.263.08205,57154,334557,192387,185
2023-12-18$105.13$105.0021.5%6.1%50.3%13.1%22.0%-0.7%0.3%73.4M-684.6M-7.4M0.234.99136,55131,572400,694284,520
2023-12-19$105.84$105.0021.6%6.2%49.9%13.6%22.5%-0.8%0.4%90.1M-865.7M-7.6M0.336.8276,53525,225428,427294,038
2023-12-20$104.32$105.0021.8%6.3%50.0%14.2%22.4%0.3%0.6%67.0M-472.1M-7.7M0.445.3258,60825,580437,541307,882
2023-12-21$105.66$105.0022.1%6.3%50.3%15.0%22.4%0.4%0.4%83.8M-707.8M-7.8M0.407.5642,11716,933435,201318,083
2023-12-22$106.25$105.0021.5%6.1%50.5%13.2%21.4%0.8%0.6%97.7M-842.8M-7.8M0.294.8852,19015,139439,263323,628
2023-12-26$106.16$105.0022.4%6.3%50.3%16.1%22.7%0.9%0.5%56.0M-597.2M-7.6M0.335.5323,0957,546401,951310,664
2023-12-27$105.72$105.0021.5%6.1%50.3%13.3%21.3%1.3%0.5%57.2M-514.0M-7.4M1.256.4426,86033,553407,476312,519
2023-12-28$106.44$105.0021.6%6.1%50.5%13.4%21.5%1.3%0.7%68.0M-655.2M-7.4M0.384.4530,34411,650410,730315,162
2023-12-29$105.25$105.0021.0%5.8%50.5%11.6%20.3%1.4%0.7%71.0M-405.9M-7.1M0.407.6044,36517,802418,627316,903