ORCL Options History — January 2024

In January 2024, ORCL traded between $102.60 and $114.82. ATM implied volatility averaged 21.3%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 7.3% (HV 20d: 28.6%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2024-01-24: Highest Volume — 146,688 contracts
2024-01-16: Largest IV spike — 5.9% change
2024-01-02: Highest IV Rank — 16.4%
2024-01-30: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$108.14	$102.60	$114.82	$103.48	$111.91
Max Pain	$106.19	$105.00	$110.00	$105.00	$110.00
ATM IV	21.3%	20.1%	22.5%	22.5%	22.0%
Expected Move	6.1%	5.9%	6.5%	6.1%	6.4%
HV 20d	28.6%	15.6%	50.7%	50.4%	17.4%
HV 60d	34.1%	32.4%	35.3%	35.1%	32.7%
IV Rank	12.3%	8.3%	16.4%	16.4%	14.9%
IV Percentile	14.3%	6.0%	24.6%	24.6%	24.2%
Term Structure	0.5%	-0.5%	4.8%	0.1%	1.6%
VWIV	21.7%	19.5%	23.1%	21.8%	23.1%
Skew 25d	1.2%	0.4%	2.1%	1.6%	0.9%
Skew 10d	2.8%	1.1%	4.1%	3.3%	2.2%
Call IV 25d	21.0%	19.8%	22.0%	22.0%	21.9%
Put IV 25d	22.2%	20.8%	23.6%	23.6%	22.8%
Bid-Ask Spread %	6.12	2.29	11.72	2.99	11.30
Gamma HHI	0.15	0.07	0.68	0.08	0.07
Net GEX	50.1M	-11.5M	202.7M	10.5M	17.7M
Net DEX	-553.0M	-1.27B	131.9M	-74.5M	-584.3M
Net VEX	-6.7M	-6.9M	-6.5M	-6.9M	-6.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.07	2.93	0.62	1.28
Total Volume	67,032.762	30,292	146,688	53,120	35,221
Total OI	603,477.81	436,450	713,508	679,456	517,427

Daily Data (21 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
2024-01-02	$103.48	$105.00	22.5%	6.1%	50.4%	16.4%	21.8%	1.6%	0.1%	10.5M	-74.5M	-6.9M	0.62	2.99	32,743	20,377	371,620	307,836
2024-01-03	$102.60	$105.00	21.8%	5.9%	50.4%	14.0%	20.8%	1.6%	0.1%	-4.8M	123.2M	-6.7M	0.41	5.94	44,848	18,531	378,230	316,628
2024-01-04	$102.78	$105.00	21.7%	6.2%	50.4%	13.7%	22.1%	1.6%	0.2%	7.8M	63.7M	-6.7M	0.57	5.24	19,234	11,058	384,173	319,529
2024-01-05	$102.63	$105.00	20.6%	6.0%	50.2%	10.0%	21.1%	1.8%	0.3%	-11.5M	131.9M	-6.5M	0.37	2.29	34,985	12,892	389,796	323,712
2024-01-08	$104.47	$105.00	21.0%	6.1%	50.7%	11.5%	21.3%	1.3%	0.0%	13.8M	-243.4M	-6.6M	0.19	6.36	39,102	7,448	360,770	313,890
2024-01-09	$103.63	$105.00	20.6%	6.0%	50.6%	10.1%	21.4%	1.3%	0.1%	7.2M	-81.6M	-6.5M	0.07	8.39	105,542	7,088	369,818	316,038
2024-01-10	$103.67	$105.00	20.5%	5.9%	50.2%	9.8%	19.5%	1.4%	0.2%	21.7M	94.5M	-6.5M	2.26	3.26	37,199	84,181	350,814	318,435
2024-01-11	$104.68	$105.00	20.1%	5.9%	21.3%	8.3%	20.4%	1.3%	0.6%	59.8M	-270.3M	-6.8M	1.11	2.52	18,525	20,633	367,285	308,300
2024-01-12	$106.20	$105.00	20.2%	5.9%	21.2%	8.8%	20.5%	0.9%	0.6%	120.1M	-683.6M	-6.7M	0.33	5.41	77,495	25,539	368,079	309,962
2024-01-16	$106.22	$105.00	21.4%	6.2%	19.0%	12.9%	21.1%	1.6%	-0.5%	43.3M	-450.0M	-6.6M	0.82	4.54	18,003	14,789	342,112	299,590
2024-01-17	$106.19	$105.00	22.0%	6.3%	15.6%	14.9%	21.8%	2.1%	-0.5%	48.1M	-451.3M	-6.5M	2.93	7.74	18,743	54,902	346,216	302,299
2024-01-18	$108.59	$105.00	21.0%	6.0%	16.8%	11.5%	21.5%	1.6%	-0.2%	91.9M	-885.1M	-6.5M	0.46	2.98	62,536	28,686	347,162	308,151
2024-01-19	$109.84	$105.00	20.8%	6.0%	17.1%	10.9%	21.5%	1.4%	-0.4%	202.7M	-1.05B	-6.6M	0.28	2.69	72,309	20,431	352,860	313,500
2024-01-22	$110.35	$105.00	21.1%	6.1%	16.0%	11.6%	22.3%	1.3%	0.3%	47.3M	-778.0M	-6.5M	0.48	10.51	27,658	13,193	239,585	196,865
2024-01-23	$112.05	$105.00	21.2%	6.2%	16.2%	12.3%	22.2%	1.1%	-0.1%	59.9M	-977.2M	-6.5M	0.60	6.00	49,050	29,622	248,654	198,918
2024-01-24	$114.37	$105.00	21.6%	6.3%	17.4%	13.5%	22.5%	0.5%	0.0%	71.9M	-1.27B	-6.8M	0.24	4.81	117,971	28,717	261,318	216,558
2024-01-25	$114.82	$110.00	21.7%	6.4%	17.3%	13.7%	22.6%	0.4%	-0.2%	74.9M	-1.23B	-6.9M	0.24	8.47	49,175	11,758	284,433	231,001
2024-01-26	$114.55	$110.00	21.2%	6.2%	17.2%	12.2%	22.5%	0.4%	0.1%	72.1M	-1.18B	-6.9M	0.66	11.72	22,775	15,020	285,184	234,506
2024-01-29	$113.68	$110.00	21.3%	6.3%	17.6%	12.6%	22.5%	0.6%	2.9%	49.3M	-883.6M	-6.7M	1.07	7.93	17,639	18,932	262,941	217,003
2024-01-30	$114.22	$110.00	22.0%	6.5%	16.8%	14.9%	23.1%	0.7%	4.8%	48.6M	-928.4M	-6.8M	0.68	7.34	37,575	25,563	264,485	227,351
2024-01-31	$111.91	$110.00	22.0%	6.4%	17.4%	14.9%	23.1%	0.9%	1.6%	17.7M	-584.3M	-6.8M	1.28	11.30	15,468	19,753	284,985	232,442