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ORCL

Oracle CorporationClose $188.33EOD only

Max Pain

$185.00

Next expiry Jun 18, 2026

Expected Move

±$6.87

3.6% from close

Price Gap

-3.33

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.88

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 16, 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 16, 2026 close

ORCL Flow Report

Analysis based on market close June 17, 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 spot 0.8% from MP; +0.5 VIX 18

Watch next session: net_premium trend; put/call volume ratio; spot vs MP

Flow Summary

Net premium: -$226.7M bearish

P/C volume ratio: 1.06

P/C OI ratio: 0.88

Heavy put buying dominates with several high-vol to OI prints, signaling aggressive bearish positioning. Negative net premium and elevated put/call ratio reinforce downside bias.

Notable Prints

ORCL 2026-06-18 $250.00 Put

Vol: 915

OI: 107

Vol/OI: 8.6x

IV: 289.6%

Notional: ~$6.1M

Intent: Bearish hedge

Dual read: Volatility trade

Read-through: Deep bearish

ORCL 2026-06-18 $300.00 Put

Vol: 890

OI: 105

Vol/OI: 8.5x

IV: 377.4%

Notional: ~$10.4M

Intent: Bearish hedge

Dual read: Volatility trade

Read-through: Deep bearish

ORCL 2026-06-18 $260.00 Put

Vol: 1,320

OI: 164

Vol/OI: 8.1x

IV: 150.0%

Notional: ~$10.1M

Intent: Bearish hedge

Dual read: Volatility trade

Read-through: Deep bearish

ORCL 2026-06-18 $240.00 Put

Vol: 9,854

OI: 1,236

Vol/OI: 8.0x

IV: 193.4%

Notional: ~$55.9M

Intent: Bearish hedge

Dual read: Volatility trade

Read-through: Deep bearish

ORCL 2026-06-18 $230.00 Put

Vol: 2,540

OI: 371

Vol/OI: 6.8x

IV: 178.1%

Notional: ~$11.9M

Intent: Bearish hedge

Dual read: Volatility trade

Read-through: Deep bearish

Institutional Positioning

Call additions: Modest call buying at $187.5 (3.8k vol, 1.3k OI), but dwarfed by put activity.

Put additions: Dominant put additions at $240 (9.8k vol), $220 (10k vol), and $230 (2.5k vol) with high IV and low OI.

GEX/DEX consistency: GEX -$28.7M (short gamma) vs DEX +59.4M shares (long delta) — mixed, dealer hedging conflict.

OI clusters: Largest OI: $220 put (2,911 OI), $240 put (1,236 OI).

Hedging evidence: Aggressive OTM put buying with elevated IV suggests protective hedging or bearish positioning.

Max pain context: Spot near max pain; pinning likely.

Signal vs Noise

~High put volume at $220, $240, $230 strikes is signal of hedging.

~$187.5 call volume is noise relative to put flow.

~2026-07-02 $162.5 put (616 vol, low OI) is noise.

~Deep OTM puts like $125 expiring 6/26 are noise (low OI).

Key Conclusions

🛡️Massive put buying at $240 and $220 signals downside protection or bearish bet.

⚖️Mixed GEX/DEX suggests dealer hedging pressure but no clear directional bias.

How to Use These Reports

This flow reflects the market close on June 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.