ORCL Options History — February 2024

In February 2024, ORCL traded between $107.81 and $117.16. ATM implied volatility averaged 32.2%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 10.0% (HV 20d: 22.2%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.56.

Notable Days

2024-02-01: Highest Volume — 67,877 contracts
2024-02-12: Largest IV spike — 19.3% change
2024-02-20: Highest IV Rank — 73.2%
2024-02-29: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$113.33	$107.81	$117.16	$115.69	$111.57
Max Pain	$109.75	$105.00	$110.00	$105.00	$110.00
ATM IV	32.2%	21.6%	39.2%	22.4%	37.8%
Expected Move	10.7%	8.7%	13.6%	8.8%	13.6%
HV 20d	22.2%	19.5%	25.3%	19.6%	24.1%
HV 60d	33.3%	32.7%	33.9%	33.3%	33.8%
IV Rank	49.5%	13.5%	73.2%	16.2%	68.5%
IV Percentile	76.1%	20.2%	99.6%	29.4%	98.4%
Term Structure	1.0%	-2.8%	9.4%	2.7%	-2.8%
VWIV	38.0%	31.2%	47.8%	31.3%	47.8%
Skew 25d	0.9%	-0.9%	2.0%	0.4%	-0.9%
Skew 10d	2.1%	0.2%	3.9%	1.5%	2.0%
Call IV 25d	32.3%	21.6%	40.3%	22.2%	40.3%
Put IV 25d	33.2%	22.0%	40.2%	22.6%	39.4%
Bid-Ask Spread %	4.03	2.43	10.70	4.46	6.93
Gamma HHI	0.11	0.06	0.53	0.11	0.06
Net GEX	45.6M	5.3M	137.2M	69.8M	17.7M
Net DEX	-710.1M	-1.23B	-54.3M	-1.13B	-404.0M
Net VEX	-6.7M	-6.9M	-6.5M	-6.9M	-6.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.17	1.03	0.38	0.90
Total Volume	36,006.45	17,044	67,877	67,877	26,976
Total OI	509,199.65	469,794	549,623	518,798	508,025

Daily Data (20 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
2024-02-01	$115.69	$105.00	22.4%	8.8%	19.6%	16.2%	31.3%	0.4%	2.7%	69.8M	-1.13B	-6.9M	0.38	4.46	49,167	18,710	286,054	232,744
2024-02-02	$115.69	$110.00	21.6%	8.7%	19.7%	13.5%	31.2%	0.4%	0.5%	118.7M	-1.15B	-6.9M	0.33	4.31	40,906	13,604	291,742	241,192
2024-02-05	$116.53	$110.00	23.5%	9.1%	19.5%	19.8%	33.6%	1.2%	7.5%	56.9M	-1.12B	-6.8M	0.71	4.13	23,012	16,420	276,214	216,256
2024-02-06	$115.09	$110.00	22.7%	9.0%	20.1%	17.2%	32.0%	0.0%	8.7%	53.0M	-959.2M	-6.7M	0.59	3.63	11,132	6,598	279,328	220,807
2024-02-07	$117.16	$110.00	22.8%	9.2%	20.0%	17.4%	32.3%	-0.1%	9.2%	68.6M	-1.23B	-6.7M	0.17	4.02	52,552	8,914	281,675	223,109
2024-02-08	$116.68	$110.00	24.5%	9.2%	20.2%	23.2%	32.7%	0.2%	9.4%	69.6M	-1.16B	-6.7M	0.46	4.23	12,270	5,609	283,537	225,805
2024-02-09	$116.78	$110.00	26.8%	9.4%	20.2%	31.2%	32.9%	0.0%	9.3%	51.8M	-1.18B	-6.8M	0.25	3.98	31,329	7,856	286,196	227,750
2024-02-12	$116.06	$110.00	32.0%	9.8%	20.3%	48.8%	34.5%	0.5%	-1.6%	48.7M	-1.02B	-6.7M	0.61	4.04	25,101	15,263	279,307	221,213
2024-02-13	$113.61	$110.00	35.1%	10.4%	22.3%	59.4%	37.2%	1.7%	-1.6%	37.9M	-711.3M	-6.9M	0.49	4.26	28,612	14,007	293,355	229,481
2024-02-14	$114.03	$110.00	36.2%	10.4%	22.2%	63.0%	36.3%	1.2%	-1.7%	43.6M	-787.9M	-6.9M	0.39	10.70	15,821	6,206	299,944	235,024
2024-02-15	$112.69	$110.00	36.8%	10.6%	21.7%	65.1%	37.8%	1.1%	-2.0%	27.4M	-607.8M	-6.8M	0.36	3.69	18,940	6,858	305,240	237,190
2024-02-16	$111.56	$110.00	37.5%	11.0%	21.8%	67.4%	38.2%	1.2%	-2.5%	11.9M	-477.9M	-6.7M	0.48	3.72	25,751	12,269	310,274	239,349
2024-02-20	$108.32	$110.00	39.2%	11.9%	24.2%	73.2%	42.1%	2.0%	-1.9%	5.3M	-96.0M	-6.5M	0.64	2.97	28,923	18,635	267,432	202,362
2024-02-21	$107.81	$110.00	38.8%	12.1%	23.5%	72.1%	42.5%	1.9%	-2.0%	5.6M	-54.3M	-6.6M	0.84	2.43	19,460	16,329	281,101	210,174
2024-02-22	$111.15	$110.00	37.2%	11.7%	25.0%	66.5%	41.1%	1.7%	-1.9%	35.6M	-415.1M	-6.7M	0.82	2.63	17,198	14,108	288,137	212,980
2024-02-23	$112.16	$110.00	36.7%	11.6%	25.2%	64.9%	40.6%	1.6%	-2.0%	137.2M	-543.5M	-6.8M	0.44	2.47	32,765	14,577	291,658	219,017
2024-02-26	$111.30	$110.00	37.4%	12.5%	25.3%	67.1%	44.4%	1.7%	-2.4%	17.5M	-382.6M	-6.7M	1.03	2.92	12,204	12,591	272,535	213,607
2024-02-27	$111.19	$110.00	37.7%	12.9%	25.2%	68.1%	45.2%	1.1%	-2.6%	15.6M	-368.3M	-6.7M	0.69	2.59	10,081	6,963	276,332	217,916
2024-02-28	$111.59	$110.00	37.7%	13.1%	25.1%	68.3%	46.6%	1.1%	-2.7%	19.0M	-411.6M	-6.8M	0.56	2.54	14,395	8,017	279,480	220,451
2024-02-29	$111.57	$110.00	37.8%	13.6%	24.1%	68.5%	47.8%	-0.9%	-2.8%	17.7M	-404.0M	-6.7M	0.90	6.93	14,181	12,795	283,749	224,276