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ORCL

Oracle CorporationClose $157.53EOD only

Max Pain

$185.00

Next expiry Jun 26, 2026

Expected Move

±$6.10

3.9% from close

Price Gap

+27.47

Distance to max pain

IV Rank

Low premium

P/C OI

0.99

Balanced positioning

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 24, 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 24, 2026 close

ORCL Flow Report

Analysis based on market close June 25, 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 10.3% from MP; +0.5 VIX 19

Watch next session: $147; $155

Flow Summary

Net premium: -$166.8M bearish

P/C volume ratio: 1.20

P/C OI ratio: 0.97

ORCL options flow shows heavy speculative put buying (185/190/200 strikes) with high IV, indicating bearish bets. Negative net premium and negative gamma amplify downside. Moderate call buying at 155-160 offers resistance. Spot near 152.4, below max pain. Dominant bias bearish with a hedge-heavy posture.

Notable Prints

ORCL 2026-06-26 $155.00 Call

Vol: 4,816

OI: 419

Vol/OI: 11.5x

IV: 45.3%

Notional: ~$482K

Intent: Short-term bullish speculation

Dual read: May hedge short delta or be part of a call spread

Read-through: Aggressive optimism ahead of expiration

ORCL 2026-06-26 $149.00 Put

Vol: 1,074

OI: 233

Vol/OI: 4.6x

IV: 45.6%

Notional: ~$76K

Intent: Bearish bet or downside hedge

Dual read: Could be part of a put spread

Read-through: Bearish sentiment or protection

ORCL 2026-06-26 $185.00 Put

Vol: 2,973

OI: 771

Vol/OI: 3.9x

IV: 204.5%

Notional: ~$9.8M

Intent: Large bearish conviction or hedging deep ITM

Dual read: Possible position closing or rolling

Read-through: Extreme downside expected or repositioning

ORCL 2026-06-26 $200.00 Put

Vol: 898

OI: 252

Vol/OI: 3.6x

IV: 257.8%

Notional: ~$4.3M

Intent: Bearish directional or hedging

Dual read: Liquidation or spread adjustment

Read-through: Strong bearish view

ORCL 2026-06-26 $190.00 Put

Vol: 549

OI: 159

Vol/OI: 3.5x

IV: 221.7%

Notional: ~$2.1M

Intent: Bearish deep ITM put activity

Dual read: May be closing or rolling

Read-through: Continuation of bearish theme

Institutional Positioning

Call additions: Weekly calls at $155 (vol/OI 11.5) and $157.5/$160 (vol/OI ~3.5) added

Put additions: Heavy put adds at $149, $185, $200, $190, $142, $187.5, $144 (vol/OI 3-4.6)

GEX/DEX consistency: Mixed: GEX -$61M, DEX +57.3M; negative gamma below $150, put flows hedging

OI clusters: Put OI concentration near $150 (gamma flip); OTM put clusters at $185-200

Hedging evidence: OTM puts at high IV (200%+) indicate downside hedging

Max pain context: Spot 10.3% below MP; negative gamma pinning risk below $150

Signal vs Noise

~Put additions with high vol/OI are real hedging signal; call additions noise given negative net premium.

~Large put spreads at OTM strikes signal institutional downside protection.

~Weekly call OI additions are noise vs heavy put flow.

Key Conclusions

🔻Institutions adding puts aggressively at out-of-money strikes; downside protection building.

⚠️Negative gamma below $150 creates potential for accelerated moves lower.

📊High put IV (200%+) reflects elevated tail risk.

How to Use These Reports

This flow reflects the market close on June 25, 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.