ORCL Options History — September 2025

In September 2025, ORCL traded between $222.52 and $330.65. ATM implied volatility averaged 52.2%, placing in the 66.9% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 46.9% (HV 20d: 99.1%). Max pain ranged from $190.00 to $250.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.67.

Notable Days

2025-09-10: Highest Volume — 1,661,740 contracts
2025-09-11: Largest IV drop — 14.3% change
2025-09-25: Highest IV Rank — 76.4%
2025-09-03: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$281.46	$222.52	$330.65	$224.87	$279.79
Max Pain	$223.33	$190.00	$250.00	$200.00	$250.00
ATM IV	52.2%	44.2%	56.6%	53.1%	51.1%
Expected Move	15.6%	13.7%	18.1%	17.9%	16.0%
HV 20d	99.1%	37.1%	127.6%	37.7%	125.1%
HV 60d	66.7%	39.4%	77.5%	44.9%	76.9%
IV Rank	66.9%	49.8%	76.4%	68.9%	64.3%
IV Percentile	90.3%	73.8%	98.4%	95.6%	84.1%
Term Structure	-0.8%	-3.2%	5.4%	-2.5%	-1.5%
VWIV	55.8%	49.1%	63.7%	63.2%	57.9%
Skew 25d	-0.5%	-3.3%	2.4%	1.4%	-0.5%
Skew 10d	-0.3%	-7.4%	24.9%	4.9%	-1.9%
Call IV 25d	53.2%	42.5%	58.9%	52.0%	51.9%
Put IV 25d	52.6%	43.0%	57.4%	53.4%	51.4%
Bid-Ask Spread %	22.85	4.58	46.12	12.89	5.30
Gamma HHI	0.07	0.04	0.17	0.09	0.04
Net GEX	82.3M	-48.0M	298.3M	60.5M	32.5M
Net DEX	-9.32B	-19.36B	-3.87B	-4.17B	-5.97B
Net VEX	-34.4M	-43.9M	-21.5M	-26.4M	-43.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.40	1.10	0.85	0.64
Total Volume	495,742.762	47,333	1,661,740	53,639	276,338
Total OI	1,330,850.19	917,923	1,723,625	917,923	1,466,437

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
2025-09-02	$224.87	$200.00	53.1%	17.9%	37.7%	68.9%	63.2%	1.4%	-2.5%	60.5M	-4.17B	-26.4M	0.85	12.89	29,040	24,599	529,584	388,339
2025-09-03	$222.52	$200.00	51.9%	18.1%	37.1%	66.3%	63.7%	0.0%	-2.7%	52.6M	-3.88B	-26.4M	0.75	25.46	27,013	20,320	535,456	398,846
2025-09-04	$222.57	$190.00	50.9%	14.0%	37.1%	64.2%	49.1%	2.0%	-2.7%	51.5M	-3.87B	-26.1M	1.08	46.12	34,490	37,318	539,943	406,739
2025-09-05	$233.29	$190.00	52.7%	14.6%	41.0%	68.1%	50.8%	1.7%	-3.2%	83.9M	-5.52B	-26.6M	0.49	37.76	74,774	36,954	550,646	415,715
2025-09-08	$239.13	$190.00	52.5%	14.8%	42.1%	67.7%	51.8%	2.4%	-0.4%	91.4M	-6.18B	-26.4M	0.65	40.25	107,306	69,226	535,354	407,960
2025-09-09	$242.38	$195.00	56.1%	15.7%	42.2%	75.4%	55.1%	2.0%	-0.7%	95.6M	-6.68B	-27.4M	0.65	40.75	209,328	135,400	571,849	436,582
2025-09-10	$330.65	$195.00	52.1%	15.7%	118.9%	66.8%	55.6%	-0.7%	2.6%	120.1M	-19.36B	-21.5M	1.10	27.62	790,559	871,181	668,259	512,343
2025-09-11	$310.20	$220.00	44.6%	14.0%	120.1%	50.7%	49.9%	1.2%	5.2%	-42.7M	-12.96B	-28.7M	1.05	22.57	614,441	642,732	753,764	735,961
2025-09-12	$293.13	$230.00	44.2%	13.7%	122.6%	49.8%	49.1%	0.5%	5.4%	-48.0M	-8.98B	-31.2M	1.01	35.58	618,558	624,880	848,418	796,888
2025-09-15	$300.33	$230.00	49.1%	14.4%	122.7%	60.4%	51.9%	-1.2%	-1.4%	96.6M	-11.77B	-33.4M	0.45	29.60	340,743	154,503	746,472	621,062
2025-09-16	$305.51	$230.00	52.8%	15.3%	122.6%	68.4%	55.6%	-2.4%	-2.1%	155.0M	-12.85B	-35.0M	0.45	36.14	494,902	222,791	808,099	660,297
2025-09-17	$300.54	$230.00	52.6%	15.1%	120.4%	67.8%	56.7%	-2.4%	-1.6%	107.2M	-11.67B	-36.5M	0.45	35.32	299,188	133,700	868,208	700,421
2025-09-18	$297.12	$240.00	52.0%	15.0%	120.7%	66.6%	54.7%	-2.9%	-0.6%	102.3M	-11.60B	-39.3M	0.48	23.39	211,381	102,298	939,026	723,587
2025-09-19	$305.38	$240.00	51.5%	14.9%	120.6%	65.4%	53.6%	-2.9%	-1.6%	298.3M	-14.20B	-39.2M	0.40	9.98	346,890	137,066	979,478	744,147
2025-09-22	$327.78	$240.00	56.4%	16.7%	122.3%	76.1%	59.2%	-3.3%	-1.5%	214.5M	-14.63B	-39.6M	0.41	15.40	409,272	166,747	743,760	555,955
2025-09-23	$312.33	$240.00	55.5%	16.4%	124.3%	74.1%	58.5%	-1.3%	-1.6%	139.6M	-11.64B	-41.3M	0.49	10.16	267,463	132,003	781,479	604,151
2025-09-24	$306.99	$240.00	55.2%	16.5%	124.6%	73.4%	58.7%	-1.6%	-1.4%	111.8M	-10.61B	-42.6M	0.55	6.24	220,318	120,164	817,949	629,563
2025-09-25	$290.25	$240.00	56.6%	17.0%	127.0%	76.4%	61.1%	-0.9%	-1.2%	-2.7M	-7.09B	-43.4M	0.71	8.47	352,450	248,728	858,497	650,523
2025-09-26	$283.43	$250.00	52.4%	15.6%	127.6%	67.4%	56.4%	-1.1%	-1.1%	-32.5M	-5.75B	-43.6M	0.81	6.26	274,586	221,230	934,479	680,020
2025-09-29	$282.38	$250.00	52.2%	16.2%	125.0%	66.9%	58.6%	-1.1%	-1.6%	41.0M	-6.44B	-43.6M	0.60	4.58	193,887	115,831	785,559	616,039
2025-09-30	$279.79	$250.00	51.1%	16.0%	125.1%	64.3%	57.9%	-0.5%	-1.5%	32.5M	-5.97B	-43.9M	0.64	5.30	168,417	107,921	822,938	643,499