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ORCL

Oracle CorporationClose $146.65EOD only

Max Pain

$140.00

Next expiry Aug 21, 2026

Expected Move

±$7.17

4.9% from close

Price Gap

-6.65

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.76

Slightly call-heavy

Consensus

5.5/10

Bullish tilt

Published snapshot: Aug 17, 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

Aug 17, 2026 close

ORCL Theta Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Theta Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 7.2% from MP; +0.5 VIX 18

IV Environment

IV Regime

High

IV vs VIX

IV (81.25%) is 4.4x VIX (18.41%)

Favorable?

Yes

Term structure: Upward sloping from 10.45% to 59.91%; front-week skew extreme (call IV 185%).

⚠️IV elevated relative to VIX by 441%; premium selling favorable.

📉Front-week call IV 185% suggests event risk but high IV supports sellers.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-68.5M)

Gamma flip: ~$130.00 — Approx — based on put OI concentration of 10,858 (12.5% below spot)

OI concentrations: Call OI wall $200-$220; put floor $90-$130; max pain $160 (front), $168 (Jul2), $180 (Jul10)

Verdict: High pin risk near $160 front expiry; resistance at $180.

Premium Opportunities

Put credit spread

Sell 2026-07-17 $140.00/$130.00 put spread

Sell OTM put spread to capture theta decay with limited risk.

Credit: $2.02-$2.48

Max loss: $7.52

BE: $137.52

Mgmt: Close at 50% max gain or if spot breaches 136.3 invalidation.

Short strangle

Sell 2026-07-17 $140.00 put + sell $170.00 call

Sell OTM put and call to collect premium with wide breakevens.

Credit: $4.94-$6.04

Max loss: Unlimited

BE: 133.96 / 176.04

Mgmt: Monitor gamma risk; close or adjust if spot nears strikes or IV spikes.

Risk Alerts

!Spot below max pain and gamma flip $130 supports bearish drift.

!Front-week call IV spike may indicate expiration-related volatility.

How to Use These Reports

This theta 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.