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ORCL

Oracle CorporationClose $152.46EOD only

Max Pain

$170.00

Next expiry Jun 26, 2026

Expected Move

±$3.90

2.6% from close

Price Gap

+17.54

Distance to max pain

IV Rank

Low premium

P/C OI

0.97

Balanced positioning

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 25, 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 25, 2026 close

ORCL Flow Report

Analysis based on market close June 26, 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 7.2% from MP; +0.5 VIX 18

Watch next session: ORCL spot price relative to 130; GEX shift; put/call volume ratio

Flow Summary

Net premium: -$113.2M bearish

P/C volume ratio: 0.72

P/C OI ratio: 0.95

Heavy call buying in ORCL amid negative gamma suggests positioning for upward breakout; net premium negative but unusual prints show aggressive bullish bets.

Notable Prints

ORCL 2026-06-26 $152.50 Call

Vol: 22,287

OI: 1,320

Vol/OI: 16.9x

IV: 23.4%

Notional: ~$45K

Intent: Speculative lottery ticket on spike

Dual read: Hedge for short put position

Read-through: Bears directional bet or covering

ORCL 2026-06-26 $150.00 Call

Vol: 11,950

OI: 928

Vol/OI: 12.9x

IV: 10.2%

Notional: ~$36K

Intent: Similar short-dated OTM call buying

Dual read: Closing prior short call spread

Read-through: Additional bullish volume

ORCL 2026-07-02 $160.00 Call

Vol: 7,250

OI: 667

Vol/OI: 10.9x

IV: 50.2%

Notional: ~$609K

Intent: Directional call buying next week

Dual read: Opening premium-selling spread

Read-through: Anticipation of upside move

ORCL 2026-06-26 $148.00 Put

Vol: 6,000

OI: 608

Vol/OI: 9.9x

IV: 6.6%

Notional: ~$24K

Intent: Protective put on stock position

Dual read: Opening put spread leg

Read-through: Bearish hedge or speculation

ORCL 2026-06-26 $149.00 Put

Vol: 3,524

OI: 393

Vol/OI: 9.0x

IV: 8.0%

Notional: ~$113K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call buying at low OTM strikes (150-155) for 6/26 and 7/2; also long-dated 120 call Jan '27. High vol/OI ratios (7-17x).

Put additions: Modest put buying at 148/149 (9x vol/OI); net premium -$113M implies net put premium.

GEX/DEX consistency: GEX -$68.5M (short gamma), DEX +57.7M shares (long delta). Flow aligns with negative GEX.

OI clusters: Largest OI at 155 call (1,655) and 150 call (928) for 6/26; gamma flip ~130.

Hedging evidence: Negative net premium hints at downside hedging; no explicit collars.

Max pain context: Spot below MP; short gamma may drive moves toward MP.

Signal vs Noise

~Signal: High vol/OI call prints at low strikes; negative net premium despite call volume.

~Signal: GEX/DEX divergence (short gamma + long delta) typical of pinned spot below MP.

~Noise: Tech selloff (QQQ -1.38%) may distort put premiums; VIX 18 moderate.

Key Conclusions

📊Aggressive call buying near the money suggests bullish betting toward max pain.

⚠️Negative net premium and short gamma imply underlying downside caution.

How to Use These Reports

This flow reflects the market close on June 26, 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.