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ORCL

Oracle CorporationClose $184.29EOD only
Max Pain
$190.00
Next expiry Jun 26, 2026
Expected Move
±$11.05
6.0% from close
Price Gap
+5.71
Distance to max pain
IV Rank
91
High premium
P/C OI
0.88
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
ORCL Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Pre-earnings: strong GEX/flow alignment, mixed call/put flow. Confidence 8/10.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 VIX 16
Most important: Heavy call buying on 7/10 $182.5C; deep OTM puts with high IV.
🐂7/10 $182.5C 24x OI – bullish.
⚠️Deep OTM puts extreme IV – hedging.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$180.00 — Approx — based on put OI concentration of 15,519 (2.3% below spot)

Earnings Overview

Next earnings: 2026-09-09 (83 days)explicit

Expected moves:

  • 2026-06-26 (8d): ±$11.05 (6.0%)
  • 2026-07-02 (14d): ±$14.75 (8.0%)
  • 2026-07-10 (22d): ±$18.20 (9.9%)

IV Setup

Term structure: Front-month IV 73%, back-month 51%; steep term, earnings far.

Crush estimate: No earnings crush; near-term IV crush possible if stock holds.

Skew: Put skew extreme at deep OTM (IV >400%), downside hedging.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Near-term moves ±6-10%; earnings 83d away.

Directional bias: Spot above MP; bullish calls but net put premium cautious.

Key Levels

1$180.00 gamma flip
2EM guardrails: 1w $173.24/$195.34
3Max pain pins: $180 (2026-06-18); $190 (2026-06-26); $192 (2026-07-02)

Flow Highlights

7/10 $182.5C vol 4k, OI 168 (24x).

Aggressive bullish positioning.

6/18 $300P vol 890, OI 105 (8.5x), IV 431%.

Downside hedge/tail risk.

Strategies

Bull Call Spread
Buy 2026-06-26 $190.00/$200.00 call spread
Debit: $1.89-$2.30
Max loss: $2.30
Max gain: $7.70
BE: $192.30
Trigger: Sell if stock breaks below $180 invalidation.
Heavy call buying and positive GEX alignment; defined risk with max loss $2.30.
Outperforms: Bullish directional bet on upside momentum.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-06-26 $175.00 put + buy $195.00 call
Debit: $3.62-$4.42
Max loss: $4.42
Max gain: Unlimited
BE: 170.58 / 199.42
Trigger: Adjust strikes closer to earnings; close before IV crush.
Earnings 83d away; steep term structure offers cheap long-vol; deep OTM puts hedge downside.
Outperforms: Non-directional volatility bet for earnings expansion.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Deep OTM puts suggest hedging.
!Net negative premium -$37M.
!IV crush risk near-term.

What to Watch

?Support $180, resistance $190.
?$182.5/$185/$190 call activity.
?Deep OTM put interest.
How to Use These Reports
This earnings reflects the market close on June 18, 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.