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ORCL

Oracle CorporationClose $175.07EOD only

Max Pain

$190.00

Next expiry Jun 26, 2026

Expected Move

±$9.25

5.3% from close

Price Gap

+14.93

Distance to max pain

IV Rank

Low premium

P/C OI

0.99

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 22, 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 22, 2026 close

ORCL Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 13.1% from MP; +0.5 VIX 19

Watch next session: $170; $172.5; $167.5; $150

Flow Summary

Net premium: -$103.1M bearish

P/C volume ratio: 0.91

P/C OI ratio: 0.98

ORCL shows mixed flow: aggressive call buying at 170-175 and put hedging below 167.5. Net put premium (-$103M) cautions, but call volume signals bullish intent. Negative gamma adds volatility. Key levels: 170, 172.5, 167.5, 150.

Notable Prints

ORCL 2026-06-26 $172.50 Call

Vol: 2,405

OI: 150

Vol/OI: 16.0x

IV: 58.3%

Notional: ~$354K

Intent: Bullish speculation on short-term upside

Dual read: Possibly short call hedging against long stock

Read-through: Bet on recovery despite bearish context and high IV

ORCL 2026-06-26 $175.00 Call

Vol: 3,389

OI: 513

Vol/OI: 6.6x

IV: 58.7%

Notional: ~$322K

Intent: Similar aggressive call buying

Dual read: May be part of a bullish vertical spread

Read-through: Indicates strong conviction in upward move

ORCL 2026-06-26 $152.50 Put

Vol: 2,335

OI: 368

Vol/OI: 6.3x

IV: 61.4%

Notional: ~$121K

Intent: Bearish put buying for downside protection

Dual read: Could be a put debit spread leg

Read-through: Expects continued decline; risk management

ORCL 2026-06-26 $167.50 Put

Vol: 4,516

OI: 999

Vol/OI: 4.5x

IV: 54.6%

Notional: ~$2.4M

Intent: Bearish positioning near current spot

Dual read: Hedging existing long exposure

Read-through: Aligns with negative gamma and spot below MP

ORCL 2026-06-26 $155.00 Put

Vol: 6,423

OI: 1,491

Vol/OI: 4.3x

IV: 59.5%

Notional: ~$514K

Intent: Tail risk hedging with deep OTM puts

Dual read: Speculative bearish bet on crash

Read-through: Reflects heightened fear despite mixed flow

Institutional Positioning

Call additions: Calls at $170-$190 with vol/oi up to 16x, bullish bets

Put additions: Puts at $152.5-$167.5 with vol/oi up to 6.3x, downside hedging

GEX/DEX consistency: Mixed: negative GEX (-$40M) vs positive DEX (+52M shares) implies dealer short gamma but net long delta

OI clusters: 155P, 170C, 175C largest OI; gamma flip at $150

Hedging evidence: Active put buying and call spreads suggest collar positioning

Max pain context: Spot below MP; likely pinning to gamma flip at $150

Signal vs Noise

~High vol/oi on $172.5C and $152.5P is real directional flow

~$190C volumes may be speculative noise given low probability

Key Conclusions

🟢Call buying at $170-$190 shows bullish conviction despite tech sell-off

🔴Put activity at $152.5-$167.5 hedges downside; spot below MP

🟡Negative gamma and below-MP increase tail risk; watch $150 support

How to Use These Reports

This flow reflects the market close on June 23, 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.