ORCL Options History — May 2025

In May 2025, ORCL traded between $146.67 and $164.60. ATM implied volatility averaged 42.8%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 1.1% (HV 20d: 43.9%). Max pain ranged from $140.00 to $150.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.63.

Notable Days

2025-05-13: Highest Volume — 66,179 contracts
2025-05-13: Largest IV spike — 8.1% change
2025-05-21: Highest IV Rank — 62.0%
2025-05-30: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$156.77	$146.67	$164.60	$146.67	$164.60
Max Pain	$147.38	$140.00	$150.00	$140.00	$150.00
ATM IV	42.8%	34.1%	49.2%	34.6%	45.7%
Expected Move	13.3%	10.1%	14.8%	10.8%	14.8%
HV 20d	43.9%	27.9%	73.9%	73.9%	27.9%
HV 60d	55.2%	54.0%	56.5%	55.5%	54.0%
IV Rank	48.8%	30.9%	62.0%	32.0%	54.8%
IV Percentile	80.5%	56.0%	93.7%	57.9%	87.3%
Term Structure	1.9%	-4.1%	14.5%	-0.9%	-2.1%
VWIV	47.0%	36.3%	51.8%	37.6%	51.2%
Skew 25d	5.1%	3.8%	7.7%	6.7%	7.4%
Skew 10d	7.9%	-7.3%	27.2%	11.5%	27.2%
Call IV 25d	40.3%	31.1%	47.4%	31.8%	40.7%
Put IV 25d	45.4%	36.3%	51.7%	38.5%	48.1%
Bid-Ask Spread %	34.23	8.85	49.91	29.00	13.32
Gamma HHI	0.08	0.05	0.29	0.05	0.15
Net GEX	45.6M	21.3M	99.1M	27.0M	71.3M
Net DEX	-1.55B	-2.40B	-857.0M	-924.9M	-1.99B
Net VEX	-15.7M	-16.0M	-15.1M	-15.4M	-16.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.32	1.52	0.63	0.32
Total Volume	35,913	14,885	66,179	50,120	40,839
Total OI	704,032.095	615,964	777,593	727,194	673,725

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
2025-05-01	$146.67	$140.00	34.6%	10.8%	73.9%	32.0%	37.6%	6.7%	-0.9%	27.0M	-924.9M	-15.4M	0.63	29.00	30,789	19,331	415,319	311,875
2025-05-02	$150.79	$140.00	34.1%	10.1%	70.2%	30.9%	36.3%	5.3%	0.4%	36.6M	-1.39B	-15.7M	0.68	34.31	34,065	23,288	423,030	314,720
2025-05-05	$149.86	$145.00	34.4%	13.1%	67.6%	31.4%	46.2%	5.4%	13.5%	27.4M	-1.08B	-15.5M	0.73	35.56	11,721	8,578	411,957	313,352
2025-05-06	$148.01	$145.00	36.3%	13.4%	66.2%	35.4%	49.7%	4.4%	12.2%	21.3M	-857.0M	-15.6M	1.52	39.26	11,274	17,172	415,938	317,726
2025-05-07	$149.56	$145.00	35.3%	13.5%	64.5%	33.2%	47.9%	7.7%	12.7%	28.1M	-1.03B	-15.6M	0.65	44.64	9,012	5,873	419,006	325,893
2025-05-08	$151.09	$145.00	38.0%	13.6%	46.6%	39.0%	47.3%	7.0%	14.5%	38.7M	-1.23B	-15.6M	0.45	40.03	18,817	8,375	424,199	329,020
2025-05-09	$150.11	$145.00	38.9%	13.4%	40.7%	40.6%	45.6%	5.2%	13.7%	37.3M	-1.12B	-15.4M	0.67	38.18	13,289	8,957	425,734	329,907
2025-05-12	$156.95	$145.00	41.4%	12.7%	42.9%	45.9%	45.3%	5.1%	-0.5%	49.1M	-1.77B	-15.1M	0.66	39.19	28,828	19,122	412,609	321,250
2025-05-13	$162.77	$145.00	44.7%	12.6%	43.7%	52.8%	44.3%	4.6%	-2.4%	61.9M	-2.40B	-15.5M	0.44	42.88	46,009	20,170	422,035	321,149
2025-05-14	$162.36	$150.00	43.9%	13.0%	43.3%	51.0%	45.7%	3.9%	2.2%	66.6M	-2.39B	-15.8M	0.57	42.59	25,122	14,382	434,699	327,906
2025-05-15	$159.81	$150.00	44.9%	12.8%	40.5%	53.1%	45.4%	5.5%	0.4%	60.5M	-2.11B	-15.5M	0.91	49.91	20,131	18,410	441,040	331,055
2025-05-16	$160.29	$150.00	46.0%	12.9%	40.4%	55.5%	45.2%	4.1%	-1.4%	99.1M	-2.14B	-15.6M	0.52	38.81	28,960	14,964	440,363	337,230
2025-05-19	$159.48	$150.00	47.2%	13.4%	33.5%	58.0%	47.2%	4.2%	-3.2%	39.6M	-1.48B	-15.7M	0.37	31.16	22,192	8,159	339,503	276,461
2025-05-20	$159.91	$150.00	47.5%	13.5%	32.3%	58.6%	49.8%	4.2%	-2.3%	44.0M	-1.54B	-15.7M	0.58	37.80	31,169	18,068	347,030	278,726
2025-05-21	$157.35	$150.00	49.2%	14.1%	32.8%	62.0%	49.3%	4.6%	-3.1%	35.9M	-1.29B	-16.0M	0.68	35.39	11,899	8,148	358,558	288,311
2025-05-22	$158.14	$150.00	47.6%	13.8%	29.8%	58.8%	48.3%	3.8%	-2.1%	37.7M	-1.35B	-15.9M	0.49	34.31	14,174	6,918	360,915	289,887
2025-05-23	$156.63	$150.00	48.3%	14.1%	30.3%	60.1%	51.8%	4.3%	-3.5%	22.7M	-1.19B	-16.0M	0.98	40.89	16,487	16,188	364,312	290,747
2025-05-27	$161.87	$150.00	46.8%	14.5%	31.6%	57.2%	50.6%	4.1%	-1.2%	42.2M	-1.67B	-15.8M	0.44	30.12	21,230	9,429	345,805	289,629
2025-05-28	$163.43	$150.00	47.6%	14.7%	31.5%	58.7%	51.7%	4.3%	-2.3%	52.0M	-1.87B	-15.7M	0.46	8.85	26,350	12,148	354,656	292,958
2025-05-29	$162.59	$150.00	46.7%	14.5%	31.5%	56.8%	51.2%	4.3%	-4.1%	59.0M	-1.78B	-15.9M	0.47	12.59	23,143	10,993	366,051	300,388
2025-05-30	$164.60	$150.00	45.7%	14.8%	27.9%	54.8%	51.2%	7.4%	-2.1%	71.3M	-1.99B	-16.0M	0.32	13.32	30,829	10,010	369,252	304,473