ORCL Options History — March 2024

In March 2024, ORCL traded between $110.80 and $129.39. ATM implied volatility averaged 29.1%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 8.3% (HV 20d: 37.4%). Max pain ranged from $110.00 to $125.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-03-12: Highest Volume — 463,863 contracts
  • 2024-03-12: Largest IV drop — 43.0% change
  • 2024-03-11: Highest IV Rank — 95.1%
  • 2024-03-01: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.18$110.80$129.39$113.78$125.75
Max Pain$117.65$110.00$125.00$110.00$125.00
ATM IV29.1%19.1%45.6%38.9%19.1%
Expected Move8.0%5.2%14.3%14.3%5.2%
HV 20d37.4%22.0%46.8%22.0%43.9%
HV 60d31.4%22.7%34.7%34.0%30.4%
IV Rank38.9%5.1%95.1%72.2%5.1%
IV Percentile49.3%2.8%99.6%99.2%2.8%
Term Structure-0.9%-3.6%0.8%-3.1%0.6%
VWIV28.4%18.7%51.6%51.6%18.7%
Skew 25d0.3%-1.0%3.9%-0.3%0.1%
Skew 10d0.4%-1.4%2.2%0.3%1.0%
Call IV 25d29.3%19.3%46.3%40.7%19.3%
Put IV 25d29.6%19.5%45.7%40.4%19.5%
Bid-Ask Spread %9.183.7817.989.266.09
Gamma HHI0.110.060.210.070.13
Net GEX74.4M15.5M132.7M29.7M91.9M
Net DEX-1.39B-2.84B-366.8M-674.8M-1.14B
Net VEX-7.8M-8.5M-6.9M-6.9M-8.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.211.070.211.07
Total Volume106,522.337,802463,86395,47649,064
Total OI617,519.4517,733833,555517,733590,781

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$113.78$110.0038.9%14.3%22.0%72.2%51.6%-0.3%-3.1%29.7M-674.8M-6.9M0.219.2678,79116,685288,259229,474
2024-03-04$113.94$115.0040.9%10.2%22.0%79.0%36.2%-0.4%-2.1%31.3M-697.5M-7.2M0.3812.1739,55914,964305,567222,839
2024-03-05$110.80$115.0041.9%10.6%23.8%82.5%37.7%-0.4%-2.3%15.5M-366.8M-7.2M0.6313.2623,87715,143323,276231,166
2024-03-06$112.19$115.0043.3%10.9%24.0%87.4%38.7%-1.0%-2.7%26.6M-543.2M-7.4M0.2211.0736,0227,931328,205235,313
2024-03-07$114.63$115.0043.2%11.0%24.4%87.0%39.0%-0.9%-2.8%48.7M-898.9M-7.5M0.386.2331,42112,024338,728238,237
2024-03-08$112.51$115.0044.4%11.3%25.2%90.9%40.3%-0.5%-3.1%29.7M-643.8M-7.5M0.6516.9239,13025,358347,448240,462
2024-03-11$114.33$115.0045.6%11.7%26.0%95.1%41.5%3.9%-3.6%33.4M-808.8M-7.5M0.7617.98182,449138,194335,771241,314
2024-03-12$127.49$115.0026.0%7.2%46.8%28.5%25.4%-0.5%-0.9%126.2M-2.84B-7.0M0.608.76289,290174,573414,249339,672
2024-03-13$125.44$115.0024.1%6.7%46.4%21.9%23.6%0.5%-0.5%106.6M-2.20B-7.8M0.5912.16100,25559,601433,884373,868
2024-03-14$125.46$115.0024.1%6.8%46.5%22.0%24.2%0.3%-0.5%111.8M-2.21B-7.9M0.566.4773,09041,078444,261371,288
2024-03-15$125.70$115.0023.3%6.6%46.1%19.3%23.1%0.2%-0.6%88.0M-2.25B-8.0M0.4711.9986,56040,481453,139380,416
2024-03-18$127.84$115.0023.1%6.5%45.9%18.4%23.1%0.4%0.1%83.3M-1.69B-8.1M0.308.7577,98023,234302,446237,961
2024-03-19$128.97$117.0021.4%6.1%43.8%12.7%21.5%0.3%0.3%114.1M-1.93B-8.1M0.394.1672,50028,127326,863245,557
2024-03-20$129.00$120.0020.6%5.9%43.7%10.2%20.8%0.7%0.5%112.6M-1.91B-8.2M0.409.8045,17417,978334,153257,674
2024-03-21$129.39$120.0020.5%5.8%42.9%9.7%20.7%0.7%0.6%121.5M-1.99B-8.2M0.368.6182,66129,968340,718263,396
2024-03-22$127.95$124.0020.1%5.7%43.4%8.4%20.5%0.5%0.8%132.7M-1.63B-8.4M0.623.7835,02721,799349,400273,865
2024-03-25$126.51$124.0020.9%5.9%43.6%10.9%20.7%0.6%0.4%61.9M-1.19B-8.3M0.444.6726,31111,491314,189244,962
2024-03-26$126.50$124.0020.7%5.8%43.6%10.3%20.5%0.6%0.3%63.9M-1.20B-8.5M0.454.8026,67912,083323,572247,510
2024-03-27$125.37$124.0019.8%5.5%43.9%7.4%19.4%0.7%0.6%59.1M-1.06B-8.3M0.556.6928,38315,511333,314247,191
2024-03-28$125.75$125.0019.1%5.2%43.9%5.1%18.7%0.1%0.6%91.9M-1.14B-8.2M1.076.0923,69325,371340,803249,978