ORCL Options History — March 2025

In March 2025, ORCL traded between $140.06 and $161.83. ATM implied volatility averaged 42.3%, placing in the 59.2% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 6.2% (HV 20d: 48.5%). Max pain ranged from $155.00 to $170.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.78.

Notable Days

2025-03-11: Highest Volume — 193,508 contracts
2025-03-11: Largest IV drop — 28.8% change
2025-03-03: Highest IV Rank — 100.0%
2025-03-10: Largest Expected Move — 23.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$151.10	$140.06	$161.83	$161.56	$140.36
Max Pain	$162.38	$155.00	$170.00	$170.00	$155.00
ATM IV	42.3%	31.3%	60.1%	54.1%	37.9%
Expected Move	13.3%	8.9%	23.9%	17.8%	10.4%
HV 20d	48.5%	35.5%	54.0%	35.5%	51.0%
HV 60d	54.3%	51.9%	56.0%	51.9%	56.0%
IV Rank	59.2%	29.6%	100.0%	100.0%	45.8%
IV Percentile	80.3%	58.7%	100.0%	100.0%	74.2%
Term Structure	-1.5%	-6.1%	1.7%	-3.4%	-1.0%
VWIV	46.4%	33.3%	79.6%	61.7%	37.4%
Skew 25d	4.0%	0.6%	5.8%	4.7%	5.6%
Skew 10d	7.3%	-10.3%	12.7%	8.7%	8.4%
Call IV 25d	40.2%	30.4%	55.0%	50.0%	35.7%
Put IV 25d	44.2%	32.6%	60.7%	54.7%	41.3%
Bid-Ask Spread %	30.46	6.47	43.35	25.94	37.85
Gamma HHI	0.07	0.05	0.17	0.06	0.07
Net GEX	-9.8M	-49.5M	16.1M	2.4M	-24.6M
Net DEX	332.0M	-273.3M	1.20B	-211.8M	815.4M
Net VEX	-13.0M	-14.1M	-11.5M	-14.1M	-12.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.37	1.35	0.90	0.63
Total Volume	77,305.571	34,224	193,508	34,224	62,991
Total OI	710,924.762	608,872	815,451	627,348	681,975

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
2025-03-03	$161.56	$170.00	54.1%	17.8%	35.5%	100.0%	61.7%	4.7%	-3.4%	2.4M	-211.8M	-14.1M	0.90	25.94	17,991	16,233	332,851	294,497
2025-03-04	$157.82	$170.00	53.0%	18.5%	36.3%	97.0%	63.9%	5.3%	-2.3%	-9.6M	149.5M	-13.6M	0.72	29.65	42,158	30,182	335,735	300,631
2025-03-05	$161.83	$170.00	55.1%	18.7%	37.6%	100.0%	64.6%	5.7%	-6.1%	5.5M	-273.3M	-14.1M	0.65	26.55	20,852	13,606	349,302	309,344
2025-03-06	$150.15	$170.00	57.1%	20.1%	44.7%	100.0%	69.1%	5.6%	-3.2%	-18.6M	743.0M	-13.0M	0.68	29.77	51,947	35,291	354,459	312,997
2025-03-07	$154.97	$170.00	55.9%	20.4%	46.6%	96.9%	69.3%	5.8%	-4.2%	3.4M	285.8M	-13.7M	0.44	29.03	68,179	30,018	369,674	323,086
2025-03-10	$148.11	$170.00	60.1%	23.9%	48.2%	100.0%	79.6%	5.7%	-3.5%	-15.1M	729.4M	-12.9M	0.80	18.06	102,150	81,423	349,080	317,778
2025-03-11	$144.52	$165.00	42.8%	14.0%	46.7%	57.8%	49.5%	1.3%	-2.5%	-36.2M	1.20B	-11.5M	1.04	7.27	94,883	98,625	399,638	353,492
2025-03-12	$150.84	$160.00	41.2%	13.2%	50.4%	53.9%	46.5%	5.3%	-1.4%	-7.3M	309.6M	-13.0M	0.94	21.75	50,570	47,471	424,761	365,282
2025-03-13	$147.07	$160.00	43.9%	13.6%	50.4%	60.3%	47.4%	3.1%	-2.5%	-26.6M	722.9M	-12.7M	0.63	16.29	54,263	34,226	428,422	377,923
2025-03-14	$149.07	$160.00	38.2%	11.4%	50.6%	46.4%	39.4%	4.7%	-0.9%	-6.7M	412.5M	-12.6M	0.70	6.47	42,845	29,833	439,658	375,793
2025-03-17	$155.42	$160.00	36.9%	10.0%	53.6%	43.4%	35.0%	3.6%	-0.7%	6.8M	-179.8M	-13.1M	0.37	34.08	54,383	19,952	398,061	339,895
2025-03-18	$149.50	$160.00	38.4%	10.5%	53.1%	47.0%	36.2%	3.9%	0.5%	-7.5M	388.9M	-12.8M	0.49	38.23	26,133	12,704	420,444	341,925
2025-03-19	$153.24	$160.00	35.7%	9.9%	54.0%	40.5%	35.6%	3.4%	-1.0%	8.2M	27.1M	-13.1M	0.92	43.15	19,154	17,546	428,536	345,201
2025-03-20	$153.00	$160.00	35.3%	9.8%	53.6%	39.5%	35.2%	3.6%	-0.2%	8.0M	45.6M	-13.2M	1.18	41.41	19,537	22,960	433,924	349,103
2025-03-21	$153.07	$160.00	33.8%	9.6%	51.5%	35.8%	33.8%	3.0%	-1.0%	3.4M	-45.6M	-12.9M	0.74	43.35	28,824	21,331	436,742	343,551
2025-03-24	$154.97	$160.00	32.1%	9.1%	51.4%	31.5%	33.5%	3.3%	1.1%	16.1M	-270.1M	-13.0M	0.62	28.91	33,885	20,955	331,256	277,616
2025-03-25	$153.64	$160.00	31.3%	8.9%	51.3%	29.6%	33.4%	0.6%	1.7%	12.7M	-177.2M	-12.9M	1.35	42.76	23,720	32,086	348,117	284,934
2025-03-26	$147.79	$160.00	34.7%	9.7%	51.3%	37.9%	34.3%	3.1%	-0.8%	-27.9M	479.9M	-12.9M	0.97	35.55	44,844	43,662	355,883	309,534
2025-03-27	$146.14	$155.00	34.4%	9.6%	49.3%	37.1%	33.3%	2.7%	-0.1%	-43.4M	646.1M	-12.9M	0.98	42.59	29,897	29,333	367,246	321,384
2025-03-28	$140.06	$155.00	36.5%	10.1%	51.0%	42.4%	35.7%	3.5%	-0.4%	-49.5M	1.18B	-12.4M	0.72	40.93	56,351	40,423	376,360	323,330
2025-03-31	$140.36	$155.00	37.9%	10.4%	51.0%	45.8%	37.4%	5.6%	-1.0%	-24.6M	815.4M	-12.6M	0.63	37.85	38,684	24,307	373,756	308,219