ORCL Options History — May 2024

In May 2024, ORCL traded between $114.76 and $125.02. ATM implied volatility averaged 30.1%, placing in the 39.8% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 9.3% (HV 20d: 20.9%). Max pain ranged from $115.00 to $120.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.49.

Notable Days

2024-05-14: Highest Volume — 167,721 contracts
2024-05-13: Largest IV spike — 19.4% change
2024-05-30: Highest IV Rank — 68.6%
2024-05-30: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$119.92	$114.76	$125.02	$115.47	$116.48
Max Pain	$116.00	$115.00	$120.00	$116.00	$120.00
ATM IV	30.1%	22.2%	38.3%	23.1%	37.5%
Expected Move	9.4%	6.1%	12.7%	6.6%	11.9%
HV 20d	20.9%	16.8%	25.3%	21.2%	25.3%
HV 60d	30.5%	29.9%	31.3%	31.0%	31.2%
IV Rank	39.8%	12.0%	68.6%	15.3%	65.9%
IV Percentile	68.5%	25.0%	96.0%	37.3%	93.7%
Term Structure	1.0%	-3.1%	10.8%	1.6%	-2.9%
VWIV	33.1%	21.0%	43.8%	24.4%	43.6%
Skew 25d	1.5%	-0.9%	3.6%	1.5%	3.1%
Skew 10d	3.1%	0.5%	9.4%	2.9%	3.0%
Call IV 25d	29.5%	20.6%	37.5%	22.4%	36.3%
Put IV 25d	30.9%	22.3%	40.3%	23.9%	39.5%
Bid-Ask Spread %	28.54	6.34	37.54	34.18	19.79
Gamma HHI	0.09	0.06	0.27	0.06	0.07
Net GEX	53.6M	1.5M	129.1M	8.3M	1.5M
Net DEX	-744.8M	-1.39B	-93.3M	-218.7M	-93.3M
Net VEX	-7.7M	-8.0M	-7.2M	-7.7M	-7.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.49	0.16	1.22	0.36	1.22
Total Volume	46,196.273	17,831	167,721	22,644	74,526
Total OI	542,502.273	509,168	585,842	513,450	582,207

Daily Data (22 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
2024-05-01	$115.47	$116.00	23.1%	6.6%	21.2%	15.3%	24.4%	1.5%	1.6%	8.3M	-218.7M	-7.7M	0.36	34.18	16,598	6,046	279,109	234,341
2024-05-02	$114.76	$115.00	23.1%	6.6%	20.9%	15.4%	23.3%	1.7%	0.4%	6.5M	-156.9M	-7.6M	0.55	34.73	17,158	9,403	284,366	234,811
2024-05-03	$115.65	$115.00	22.2%	6.1%	21.1%	12.0%	21.0%	1.1%	1.0%	19.8M	-270.3M	-7.5M	0.55	36.05	17,271	9,543	291,462	236,789
2024-05-06	$117.88	$115.00	23.2%	9.3%	22.6%	15.8%	32.7%	0.4%	7.4%	28.1M	-538.5M	-7.5M	0.60	32.94	18,180	10,965	278,807	230,361
2024-05-07	$117.87	$115.00	22.3%	9.2%	22.1%	12.6%	32.5%	-0.9%	8.2%	31.9M	-561.8M	-7.6M	0.36	6.34	28,649	10,372	285,096	233,663
2024-05-08	$117.50	$115.00	22.2%	9.5%	21.9%	12.1%	34.6%	1.4%	9.1%	34.2M	-514.3M	-7.5M	0.37	28.57	13,016	4,815	293,961	235,857
2024-05-09	$116.75	$115.00	24.6%	9.3%	21.1%	20.9%	32.2%	1.9%	9.9%	25.1M	-410.4M	-7.5M	0.35	28.33	15,707	5,570	295,344	237,543
2024-05-10	$116.73	$115.00	26.1%	9.2%	20.1%	25.9%	30.9%	1.7%	10.8%	36.4M	-397.0M	-7.3M	0.47	33.27	18,016	8,461	301,414	238,969
2024-05-13	$116.56	$115.00	31.1%	9.5%	19.8%	43.0%	32.6%	3.6%	-1.1%	18.7M	-373.4M	-7.2M	1.10	30.55	10,181	11,167	283,261	229,514
2024-05-14	$120.75	$115.00	31.4%	9.7%	23.3%	43.9%	33.8%	1.9%	0.5%	48.8M	-901.4M	-7.5M	0.27	32.47	132,130	35,591	286,988	235,004
2024-05-15	$121.47	$115.00	34.9%	9.5%	22.5%	56.5%	33.4%	-0.1%	-1.7%	80.8M	-1.06B	-7.8M	0.16	27.25	63,296	10,070	323,960	244,564
2024-05-16	$122.08	$115.00	34.3%	9.5%	20.1%	54.4%	33.1%	0.4%	-1.2%	94.3M	-1.17B	-7.9M	0.38	34.31	20,539	7,746	334,933	246,653
2024-05-17	$123.25	$115.00	32.6%	9.2%	19.4%	48.4%	32.0%	0.4%	-0.6%	129.1M	-1.39B	-7.7M	0.27	30.61	65,475	17,938	336,435	249,407
2024-05-20	$124.15	$115.00	32.9%	9.3%	19.5%	49.2%	33.5%	1.3%	-1.6%	87.8M	-1.25B	-7.9M	0.79	16.85	22,278	17,617	301,024	222,108
2024-05-21	$125.02	$115.00	32.5%	9.3%	19.5%	48.0%	32.6%	1.9%	-1.4%	100.2M	-1.39B	-7.8M	0.29	24.35	25,738	7,572	308,706	230,761
2024-05-22	$124.19	$115.00	33.8%	9.7%	19.8%	52.7%	33.9%	1.9%	-2.3%	99.9M	-1.27B	-8.0M	0.30	28.03	28,736	8,690	315,428	233,476
2024-05-23	$123.50	$115.00	33.1%	9.6%	19.9%	50.0%	33.6%	2.0%	-2.7%	104.0M	-1.10B	-7.9M	0.25	37.54	37,727	9,468	324,151	237,632
2024-05-24	$122.73	$116.00	33.6%	9.9%	18.7%	51.8%	35.2%	1.4%	-2.8%	56.9M	-903.7M	-7.8M	0.75	33.32	36,923	27,629	322,182	241,462
2024-05-28	$124.16	$120.00	34.2%	10.6%	18.1%	54.0%	37.0%	1.2%	-2.2%	71.0M	-1.09B	-7.8M	0.25	18.93	35,178	8,743	298,504	236,500
2024-05-29	$123.70	$120.00	35.8%	11.3%	16.8%	59.7%	39.3%	1.8%	-3.0%	89.3M	-1.09B	-8.0M	0.32	32.34	17,556	5,638	314,927	240,489
2024-05-30	$117.66	$120.00	38.3%	12.7%	25.1%	68.6%	43.8%	2.9%	-3.1%	6.8M	-233.9M	-7.8M	0.82	27.08	37,524	30,872	318,745	244,136
2024-05-31	$116.48	$120.00	37.5%	11.9%	25.3%	65.9%	43.6%	3.1%	-2.9%	1.5M	-93.3M	-7.6M	1.22	19.79	33,513	41,013	326,109	256,098