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ORCL

Oracle CorporationClose $143.76EOD only
Max Pain
$149.00
Next expiry Jul 10, 2026
Expected Move
±$7.90
5.5% from close
Price Gap
+5.24
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
0.93
Balanced positioning
Consensus
5.5/10
Bullish tilt
Published snapshot: Jul 6, 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
Jul 6, 2026 close
ORCL Theta Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 22, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short Put Spread
Invalidation: Spot breaks below $185 support
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.8% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV significantly higher than VIX (65% vs 17%)
Favorable?
Yes

Term structure: Term structure peaks at 3 weeks (~69%) then decays to ~59%. Elevated front-end vol.

🔥IV at 65% vs VIX 17 – rich premiums for selling
⚠️High gamma at $185: profitable but requires tight risk management

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+102.8M)

Gamma flip: ~$150.00 — Approx — based on put OI concentration of 18,031 (21.9% below spot)

OI concentrations: Max pain $185; call wall $210-$250; put floor $100-$150

Verdict: Low pin risk as spot well above put soft floor, but high gamma at $185 elevates short put spread risk

Premium Opportunities

Risk Alerts

!High gamma at $185: short put spread risk elevated near pinning
!Gamma flip at $150 could accelerate moves
!Spot 3.8% from max pain - stay delta-neutral
How to Use These Reports
This theta reflects the market close on May 22, 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.