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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

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 Flow Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 VIX 16

Watch next session: Monitor call volume at 182.5-190; Track put activity

Flow Summary

Net premium: -$37.5M bearish

P/C volume ratio: 0.57

P/C OI ratio: 0.88

Aggressive call buying at strikes $182.5-190 suggests bullish positioning, supported by gamma flip at $180. Deep OTM puts offer tail hedge. Net negative premium due to high put IV. Market context positive (QQQ +2.5%).

Notable Prints

ORCL 2026-07-10 $182.50 Call

Vol: 4,067

OI: 168

Vol/OI: 24.2x

IV: 51.0%

Notional: ~$4.2M

Intent: Bullish call buy

Read-through: Anticipates upside

ORCL 2026-06-18 $300.00 Put

Vol: 890

OI: 105

Vol/OI: 8.5x

IV: 431.3%

Notional: ~$10.4M

Intent: Tail hedge

Dual read: Speculative lottery

Read-through: Bearish tail risk

ORCL 2026-06-18 $260.00 Put

Vol: 1,320

OI: 164

Vol/OI: 8.1x

IV: 323.8%

Notional: ~$10.1M

Intent: Tail hedge

Read-through: Bearish tail risk

ORCL 2026-07-24 $190.00 Call

Vol: 1,579

OI: 215

Vol/OI: 7.3x

IV: 51.6%

Notional: ~$1.6M

Intent: Bullish call buy

Read-through:

ORCL 2026-06-26 $185.00 Call

Vol: 4,563

OI: 731

Vol/OI: 6.2x

IV: 50.1%

Notional: ~$2.4M

Intent: Bullish call buy

Read-through:

Institutional Positioning

Call additions: Calls heavily bought at 182.5-190 strikes; top: 182.5C 7/10 (24.2x), 185C 6/26 (6.2x), 190C 7/24 (7.3x).

Put additions: Puts added at 300 (8.5x) and 260 (8.1x) deep OTM hedging; also 182.5P (3.7x) protective.

GEX/DEX consistency: GEX -$14.5M vs DEX +57.1M; bullish calls align with DEX; negative GEX supports trending.

OI clusters: Largest OI: 182.5C (906), 185C (731), 190C (1328); key levels 182.5-190.

Hedging evidence: Deep OTM puts (300,260) + low strike puts suggest collar hedging.

Max pain context: Spot above MP; gamma flip 180; pin likely near 180-182.5.

Signal vs Noise

~Signal: sustained call buying across expiries; DEX positive.

~Noise: deep OTM puts (300,260) likely hedging; 182.5P volume noise.

Key Conclusions

📈Bullish call accumulation suggests upside bias.

⚠️Deep OTM puts indicate tail hedging.

How to Use These Reports

This flow 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.