ORCL Options History — February 2026

In February 2026, ORCL traded between $135.97 and $162.48. ATM implied volatility averaged 70.4%, placing in the 93.6% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded above realized volatility by 8.4% (HV 20d: 62.0%). Max pain ranged from $170.00 to $190.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 1.25.

Notable Days

  • 2026-02-05: Highest Volume — 537,086 contracts
  • 2026-02-05: Largest IV spike — 12.9% change
  • 2026-02-09: Highest IV Rank — 100.0%
  • 2026-02-24: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$151.44$135.97$162.48$162.48$144.08
Max Pain$181.58$170.00$190.00$190.00$170.00
ATM IV70.4%56.1%77.8%56.1%74.9%
Expected Move20.7%16.3%23.8%16.3%23.4%
HV 20d62.0%45.3%67.2%45.3%66.8%
HV 60d58.5%53.2%61.2%53.2%58.8%
IV Rank93.6%67.6%100.0%67.6%94.3%
IV Percentile97.7%88.1%100.0%88.1%98.8%
Term Structure0.4%-4.2%13.3%9.1%-4.2%
VWIV71.7%57.1%82.1%57.1%81.2%
Skew 25d5.3%2.7%8.2%2.9%5.8%
Skew 10d10.4%3.7%14.5%3.7%11.5%
Call IV 25d68.3%54.9%74.3%54.9%74.0%
Put IV 25d73.7%57.8%81.5%57.8%79.8%
Bid-Ask Spread %17.367.6529.8719.4414.46
Gamma HHI0.060.040.120.060.06
Net GEX-65.5M-142.8M-11.0M-74.8M-100.9M
Net DEX4.48B2.65B7.74B4.54B4.86B
Net VEX-49.6M-54.9M-41.7M-50.3M-48.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.462.591.051.91
Total Volume330,942.632228,409537,086327,691326,184
Total OI2,448,5632,138,0322,650,7222,138,0322,600,060

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$162.48$190.0056.1%16.3%45.3%67.6%57.1%2.9%9.1%-74.8M4.54B-50.3M1.0519.44160,079167,6121,109,0411,028,991
2026-02-03$154.41$190.0058.4%16.9%47.7%73.1%60.6%2.7%10.9%-107.6M5.78B-48.2M1.0914.23189,858206,3221,154,6891,079,254
2026-02-04$147.70$185.0060.5%17.9%48.7%78.2%64.5%3.6%7.3%-106.7M6.53B-45.8M0.9615.97199,039191,2561,210,4381,106,677
2026-02-05$135.97$190.0068.3%21.2%54.4%96.8%71.7%7.5%8.4%-91.3M7.74B-41.7M1.7729.87194,002343,0841,281,1491,137,655
2026-02-06$142.23$185.0064.1%20.0%58.7%86.8%68.7%7.2%13.3%-85.2M6.40B-45.3M1.1123.86190,908212,0241,342,7341,159,510
2026-02-09$157.04$185.0070.9%20.2%67.2%100.0%71.6%2.7%-4.2%-22.8M3.14B-53.3M0.6425.54281,246179,8641,260,1201,152,512
2026-02-10$160.20$180.0069.3%19.7%66.8%96.2%69.0%3.5%-1.8%-11.0M2.65B-54.9M0.4622.38211,50797,0741,309,9561,230,563
2026-02-11$157.02$185.0071.4%19.8%66.8%100.0%69.2%3.0%-2.5%-36.3M3.42B-53.4M0.8319.51124,874103,5351,333,7681,243,666
2026-02-12$157.24$180.0073.4%20.2%65.6%100.0%65.0%4.1%-2.4%-30.2M3.25B-53.2M2.5914.66106,848276,7051,351,1601,250,410
2026-02-13$159.66$180.0071.1%19.8%66.2%95.0%68.2%4.4%-3.1%-86.3M2.79B-54.1M0.6021.57150,38090,2721,367,9281,282,794
2026-02-17$153.71$180.0073.3%20.9%66.7%100.0%73.0%5.7%-3.8%-51.4M4.27B-49.9M1.4217.33103,029146,2091,294,6491,153,349
2026-02-18$156.06$180.0072.8%20.9%64.6%98.9%72.3%5.5%-2.3%-40.2M3.69B-51.2M1.3919.2396,388134,1171,308,3201,167,206
2026-02-19$156.05$180.0073.2%21.2%63.8%99.7%72.0%5.9%-4.1%-27.5M3.48B-51.3M2.0011.5784,557169,0911,338,4961,189,553
2026-02-20$148.44$180.0073.9%21.5%64.7%100.0%74.5%6.4%-3.3%-142.8M4.99B-47.7M1.1515.23187,638215,0371,357,8591,200,443
2026-02-23$141.11$180.0077.8%23.2%66.3%100.0%80.0%8.2%-3.0%-95.8M5.59B-44.7M1.0712.57151,420162,4771,108,6121,121,758
2026-02-24$145.78$180.0077.6%23.8%66.3%99.7%81.2%7.9%-2.7%-62.6M4.46B-48.3M1.2110.16108,572131,7301,171,3521,154,524
2026-02-25$148.11$175.0076.5%23.7%65.7%97.4%82.1%6.8%-2.1%-49.0M3.89B-50.0M0.797.65159,270126,0601,204,2881,224,869
2026-02-26$150.09$175.0074.7%23.2%66.1%93.9%79.9%7.4%-2.0%-22.8M3.56B-50.8M1.7114.66114,137195,5051,262,3101,272,034
2026-02-27$144.08$170.0074.9%23.4%66.8%94.3%81.2%5.8%-4.2%-100.9M4.86B-48.5M1.9114.46112,212213,9721,282,6081,317,452