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ORCL

Oracle CorporationClose $184.13EOD only

Max Pain

$185.00

Next expiry Jun 18, 2026

Expected Move

±$10.55

5.7% from close

Price Gap

+0.87

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.84

Slightly call-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 12, 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 12, 2026 close

ORCL Flow Report

Analysis based on market close June 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.1% from MP; +1 VIX 16

Watch next session: Gamma flip (190); $205C & $210C OI levels

Flow Summary

Net premium: +$30.9M bullish

P/C volume ratio: 0.36

P/C OI ratio: 0.89

Heavy net call buying ($30.9M premium) with volume ratio 0.36, positive GEX (+$19.6M) and DEX (+56.2M shares). Low VIX and strong tech rally support bullish flow. Gamma pinning near 190. Aggressive call accumulation at 205-210 strikes.

Notable Prints

ORCL 2026-06-18 $148.00 Put

Vol: 885

OI: 127

Vol/OI: 7.0x

IV: 87.5%

Notional: ~$885

Intent: Speculative bearish bet

Dual read: Hedge

Read-through: Extreme bearish sentiment, low probability

ORCL 2026-06-18 $197.50 Call

Vol: 1,931

OI: 501

Vol/OI: 3.9x

IV: 55.7%

Notional: ~$485K

Intent: Bullish speculation

Dual read: Covering short calls

Read-through: Bullish flow near spot

ORCL 2026-06-18 $192.50 Put

Vol: 1,497

OI: 405

Vol/OI: 3.7x

IV: 54.0%

Notional: ~$651K

Intent: Protective put

Dual read: Selling puts for premium

Read-through: Bearish hedging

ORCL 2026-06-18 $205.00 Call

Vol: 9,496

OI: 2,851

Vol/OI: 3.3x

IV: 58.2%

Notional: ~$912K

Intent: Aggressive bullish speculation

Dual read: Call spread leg

Read-through: Very bullish

ORCL 2026-07-02 $205.00 Call

Vol: 561

OI: 168

Vol/OI: 3.3x

IV: 52.9%

Notional: ~$241K

Intent: Bullish speculation

Dual read: Spread

Read-through: Short-term bullish

Institutional Positioning

Call additions: Big call buying at 205C (9496 vol, 2851 OI) and 197.5C (1931 vol); also 210C, 227.5C for Jun 26

Put additions: Put selling at 148P (885 vol); put buying at 192.5P (1497 vol) and 190P (338 vol); OTM 260P/250P low vol

GEX/DEX consistency: GEX +$19.6M positive, DEX +56.2M shares bullish; flow consistent with call buying and positive gamma

OI clusters: Calls heavy at 200C and 205C; puts concentrated at 190P near gamma flip

Hedging evidence: Significant put buying at 192.5P/190P (near spot) indicates active downside hedging; OTM puts at 260P/250P add light protection

Max pain context: Spot ~232.4 well above MP ~196-200; pinning likely near call OI clusters

Signal vs Noise

~Sustained call buying at 205C and 197.5C with rising OI is bullish signal

~Put selling at 148P is noise (deep OTM, retail)

~Put buying at 192.5P/190P is significant institutional hedging, moderating bullish conviction

~Positive GEX/DEX confirms flow direction but put buying adds caution

Key Conclusions

🟢Call accumulation at 205C/197.5C shows institutional bullish bias

⚠️Spot far above MP, but OI clusters may pin near 200-205

🔵Put buying at 192.5P/190P signals active hedging, tempering bullish outlook

How to Use These Reports

This flow reflects the market close on June 15, 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.