thetaOwl
HomeOptionsORCLReports

ORCL

Oracle CorporationClose $153.28EOD only
Max Pain
$140.00
Next expiry Aug 14, 2026
Expected Move
±$6.18
4.0% from close
Price Gap
-13.28
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.74
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Aug 12, 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 12, 2026 close
ORCL Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 14, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put Credit Spreads
Invalidation: Spot closes below gamma flip $150
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 13.4% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV 68.9% vs VIX 17.3, elevated
Favorable?
Yes

Term structure: Front-month skew extreme; mid-term dip then rise

📈Bullish flow & GEX +$116.6M support premium selling
⚡1d put IV 140% vs call 104%, high skew

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+116.6M)

Gamma flip: ~$150.00 — Approx — based on put OI concentration of 17,452 (23.3% below spot)

OI concentrations: Put floor $100-$150; call wall $210-$250; max pain $172

Verdict: Moderate pin risk; spot above MP but heavy put OI below

Premium Opportunities

#1
Put credit spread
Sell 2026-06-12 $180.00/$162.50 put spread
Short put spread capturing elevated premium with defined risk
Credit: $4.00-$4.90
Max loss: $12.60
BE: $175.10
Mgmt: Close at 50% max gain or before earnings if IV crush
#2
Iron condor
Sell 2026-06-12 $180.00/$162.50 put wing and $225.00/$250.00 call wing
Defined risk wings on both sides benefiting from IV contraction
Credit: $6.80-$8.31
Max loss: $16.69
BE: 171.69 / 233.31
Mgmt: Manage wings if spot approaches strikes; profit target 25-50%

Risk Alerts

!High short-dated put skew increases tail risk
!Gamma flip at $150 if spot declines
How to Use These Reports
This theta reflects the market close on May 14, 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.