ORCL Options History — November 2025

In November 2025, ORCL traded between $194.75 and $256.87. ATM implied volatility averaged 60.1%, placing in the 82.0% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 12.7% (HV 20d: 47.4%). Max pain ranged from $220.00 to $275.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.74.

Notable Days

2025-11-21: Highest Volume — 615,333 contracts
2025-11-10: Largest IV spike — 12.1% change
2025-11-20: Highest IV Rank — 100.0%
2025-11-25: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$224.11	$194.75	$256.87	$256.87	$200.86
Max Pain	$251.97	$220.00	$275.00	$272.50	$220.00
ATM IV	60.1%	45.5%	69.7%	46.5%	63.9%
Expected Move	17.9%	13.6%	20.5%	14.0%	20.3%
HV 20d	47.4%	38.8%	54.0%	53.3%	51.0%
HV 60d	82.1%	80.9%	84.2%	81.3%	84.2%
IV Rank	82.0%	50.8%	100.0%	53.0%	87.6%
IV Percentile	91.6%	64.3%	100.0%	68.3%	96.4%
Term Structure	1.2%	-6.2%	14.1%	12.1%	-3.8%
VWIV	63.2%	48.2%	72.2%	49.3%	71.0%
Skew 25d	1.6%	-0.9%	4.6%	-0.9%	3.3%
Skew 10d	3.1%	-0.4%	8.9%	-0.0%	6.1%
Call IV 25d	59.8%	45.1%	69.3%	47.8%	63.9%
Put IV 25d	61.5%	46.3%	73.9%	46.8%	67.2%
Bid-Ask Spread %	23.88	7.79	43.97	7.79	31.37
Gamma HHI	0.07	0.04	0.20	0.04	0.13
Net GEX	-68.0M	-147.9M	1.5M	-24.1M	-85.3M
Net DEX	1.26B	-2.00B	4.61B	-2.00B	2.36B
Net VEX	-48.2M	-52.0M	-45.6M	-48.1M	-49.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.40	1.21	0.65	0.55
Total Volume	290,466.526	149,520	615,333	170,518	197,632
Total OI	1,703,714.316	1,456,798	1,936,799	1,456,798	1,936,799

Daily Data (19 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
2025-11-03	$256.87	$272.50	46.5%	14.0%	53.3%	53.0%	49.3%	-0.9%	12.1%	-24.1M	-2.00B	-48.1M	0.65	7.79	103,548	66,970	770,818	685,980
2025-11-04	$247.72	$275.00	46.9%	14.1%	54.0%	54.0%	49.5%	2.0%	11.7%	-58.9M	-532.2M	-47.2M	0.74	11.59	122,274	90,688	793,978	702,942
2025-11-05	$251.63	$270.00	45.5%	13.6%	54.0%	50.8%	48.2%	0.2%	12.2%	-43.7M	-1.37B	-48.0M	0.40	10.04	106,594	42,926	820,433	725,097
2025-11-06	$243.64	$260.00	48.8%	16.7%	52.7%	58.3%	59.3%	1.0%	11.7%	-75.5M	-20.1M	-47.8M	1.05	39.24	132,831	139,611	849,787	734,954
2025-11-07	$238.19	$260.00	50.9%	16.6%	52.8%	62.8%	58.9%	1.7%	14.1%	-106.0M	737.3M	-47.3M	0.89	40.22	146,359	129,851	860,512	749,881
2025-11-10	$239.17	$260.00	57.1%	17.1%	48.0%	76.6%	61.5%	-0.6%	-0.3%	-59.8M	-65.1M	-47.8M	0.59	36.37	118,295	69,300	800,643	731,799
2025-11-11	$234.96	$260.00	59.0%	16.8%	47.2%	80.9%	59.5%	-0.1%	-2.0%	-73.4M	560.8M	-47.7M	0.76	29.65	147,583	111,962	839,839	754,143
2025-11-12	$226.75	$260.00	61.2%	17.3%	46.7%	85.8%	61.8%	-0.5%	-0.8%	-106.1M	1.75B	-47.3M	0.84	10.54	150,444	127,052	861,327	782,607
2025-11-13	$217.20	$250.00	63.9%	18.0%	43.6%	91.8%	63.5%	0.5%	-1.7%	-124.3M	3.12B	-46.3M	0.84	32.58	196,359	164,282	904,997	811,807
2025-11-14	$224.04	$250.00	62.9%	17.8%	40.4%	89.7%	63.1%	0.5%	-1.3%	-63.6M	1.10B	-49.6M	0.52	39.46	341,047	177,170	961,337	825,104
2025-11-17	$217.94	$250.00	65.6%	18.6%	38.8%	95.7%	66.1%	1.7%	-3.6%	-55.3M	1.76B	-49.2M	0.76	14.34	101,106	76,809	925,904	821,885
2025-11-18	$221.80	$250.00	66.8%	19.1%	40.2%	98.3%	66.8%	1.5%	-4.0%	-27.4M	1.03B	-50.6M	0.72	8.46	159,560	115,254	956,018	843,699
2025-11-19	$226.18	$250.00	67.4%	19.3%	41.5%	99.8%	68.3%	1.7%	-4.9%	1.5M	3.1M	-52.0M	0.47	32.06	143,443	66,705	968,459	869,283
2025-11-20	$211.94	$250.00	69.3%	20.1%	44.0%	100.0%	70.2%	4.1%	-6.2%	-88.0M	2.70B	-48.9M	1.21	43.97	156,366	189,032	979,515	875,582
2025-11-21	$198.80	$250.00	69.7%	20.3%	46.3%	100.0%	72.2%	4.6%	-3.1%	-147.9M	4.61B	-45.6M	0.98	27.70	311,113	304,220	994,904	875,944
2025-11-24	$199.24	$240.00	66.2%	20.1%	46.8%	92.5%	70.0%	3.6%	-2.4%	-75.4M	3.29B	-45.9M	0.61	12.44	175,996	106,822	859,008	852,440
2025-11-25	$194.75	$230.00	66.0%	20.5%	46.4%	92.1%	71.3%	3.1%	-2.6%	-77.2M	3.64B	-46.3M	0.85	16.70	211,597	180,282	906,701	877,935
2025-11-26	$206.48	$230.00	64.4%	20.0%	53.7%	88.7%	70.6%	3.9%	-3.2%	-2.1M	1.26B	-50.8M	0.59	9.19	211,851	125,930	951,415	907,096
2025-11-28	$200.86	$220.00	63.9%	20.3%	51.0%	87.6%	71.0%	3.3%	-3.8%	-85.3M	2.36B	-49.4M	0.55	31.37	127,842	69,790	983,664	953,135