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ORCL

Oracle CorporationClose $244.58EOD only

Max Pain

$205.00

Next expiry Jun 5, 2026

Expected Move

±$6.33

2.6% from close

Price Gap

-39.58

Distance to max pain

IV Rank

High premium

P/C OI

0.87

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 2, 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 2, 2026 close

ORCL Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 17, 2026. A newer flow report is available for May 22, 2026.

View latest report

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 12.9% from MP; +1 VIX 17

Watch next session: Track Apr‑17 expiry trade/rolling and OI changes; Monitor spot movement vs MP and any rapid GEX decline; Watch put-heavy strikes 175–185 and IV moves

Flow Summary

Net premium: +$45.3M bullish

P/C volume ratio: 0.52

P/C OI ratio: 0.70

Bullish flow: dealer gamma long/pinning, big positive GEX and retail buy flows concentrated in short-dated expiries; downside risk if spot reverts toward concentrated put strikes or GEX flips.

Notable Prints

ORCL 2026-05-22 $140.00 Put

Vol: 5,186

OI: 236

Vol/OI: 22.0x

IV: 54.5%

Notional: ~$700K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

ORCL 2026-04-24 $180.00 Put

Vol: 4,439

OI: 319

Vol/OI: 13.9x

IV: 49.2%

Notional: ~$3.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

ORCL 2026-04-24 $185.00 Put

Vol: 1,405

OI: 101

Vol/OI: 13.9x

IV: 50.6%

Notional: ~$1.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

ORCL 2026-04-17 $177.50 Call

Vol: 23,143

OI: 2,863

Vol/OI: 8.1x

IV: 13.3%

Notional: ~$23K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

ORCL 2026-04-17 $175.00 Put

Vol: 28,484

OI: 4,045

Vol/OI: 7.0x

IV: 6.8%

Notional: ~$684K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Limited recent call buying; retail/short-dated nominal calls (177.5) spike vs low IV.

Put additions: Significant put flow concentrated at 175–185 near-dated expiries and multi-expiry puts (May 120–160, May 22 140).

GEX/DEX consistency: GEX +276M and DEX +68M correlate with bullish pinning pressure toward 175–185, but correlation is not causation; retail activity, odd‑lot prints and gamma trading could also drive moves.

OI clusters: Largest OI at 175/177.5/180 strikes (short-dated) and sizable May put clusters around 140–160.

Hedging evidence: Patterns consistent with institutional hedges/collars (heavy short-dated puts plus longer dated protective puts).

Max pain context: Spot ~12.9% above MP; this could contribute to pinning into 175–185 near expiries, yet noisy prints and alternative drivers make outcomes uncertain.

Signal vs Noise

~Signal: GEX+/DEX+ net buying consistent with pinning pressure into 175–185.

~Signal: Heavy short-dated put OI (175–185) indicates institutional hedging or directional bearish exposure being bought.

~Noise: Extremely high IV single prints (250 put) and tiny-price call print (177.5 last=0.01) likely odd‑lot or spree fills.

~Noise: Volume spikes at distant strikes with low OI/very high IV are unreliable for positioning.

Key Conclusions

📌Flow and GEX/DEX correlate with pinning pressure around 175–185, but other drivers could dominate.

🛡️Heavy short-dated put activity plus longer-dated protective puts reads as institutional hedging/collar behavior.

How to Use These Reports

This flow reflects the market close on April 17, 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.