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ORCL

Oracle CorporationClose $192.64EOD only
Max Pain
$185.00
Next expiry Jun 18, 2026
Expected Move
±$8.78
4.6% from close
Price Gap
-7.64
Distance to max pain
IV Rank
41
Middle-high premium
P/C OI
0.89
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 15, 2026 close
End-of-day snapshot

This page reflects ORCL options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 15, 2026 close
ORCL Earnings Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

ORCL far from earnings (85d); near-term IV elevated, pinning $185-$195. Negative net premium bearish, call wall caps upside. Confidence 6.5 neutral.

Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.8% from MP; +1 VIX 16
Most important: Max pain and call resistance dominate.
📌Max pain pinning $185-$195 near expiration
💧Negative net premium indicates put demand
🔥Call OI wall $200-$250 caps upside

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-09-09 (85 days)explicit

Expected moves:

  • 2026-06-18 (2d): ±$6.86 (3.6%)
  • 2026-06-26 (10d): ±$13.00 (6.9%)
  • 2026-07-02 (16d): ±$16.42 (8.7%)

IV Setup

Term structure: Backwardated near-term elevates IV

Crush estimate: No earnings crush; expiration dynamics

Skew: Calls volume high, net premium bearish

Historical Context

Beat rate: 80% (4/5 quarters)

Directional bias: 80% beat rate, bullish tilt

Key Levels

1EM guardrails: 2d $181.47/$195.20; 1w $175.33/$201.33
2Max pain pins: $185 (2026-06-18); $195 (2026-06-26); $192 (2026-07-02)

Flow Highlights

Unusual call vol on $220 C (Jul2) and $192.50 C (Jun18)

Speculative bullish positioning

Put prints on $182.50 and $260 strikes

Bearish hedging at downside and extreme upside

Strategies

Range-Bound Iron Condor
Sell 2026-07-02 $177.50/$172.50 put wing and $205.00/$210.00 call wing
Credit: $1.89-$2.30
Max loss: $2.70
Max gain: $2.30
BE: 175.20 / 207.30
Trigger: Close at 50% max gain or before expiration to avoid gamma risk.
Max pain and call OI cap upside; IV elevated ideal for premium selling.
Outperforms: Sell OTM put and call wings to profit from stagnant price within $172.50-$210.
Underperforms: Move outside short strikes invalidates range thesis.
Backwardation Call Diagonal
Sell 2026-06-26 $197.50 call / buy 2026-07-10 $205.00 call
Debit: $1.08-$1.32
Max loss: $1.32
Max gain: Variable
BE: Path-dependent
Trigger: Roll or close if underlying breaks below $185 invalidation.
Near-term IV elevated relative to back-month; bullish bias supports call spread.
Outperforms: Sell short-term call, buy later call to capture term structure decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Negative net premium (-$14M) bearish
!Call OI wall $200-$250 caps upside
!Max pain pins $185-$195

What to Watch

?Expiration pin $185 (Jun18), $195 (Jun26)
?$220 Jul2 call open interest changes
?Break above $200 or below $185
How to Use These Reports
This earnings reflects the market close on June 16, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.