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ORCL

Oracle CorporationClose $114.99EOD only
Max Pain
$130.00
Next expiry Jul 31, 2026
Expected Move
±$8.68
7.5% from close
Price Gap
+15.01
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
0.75
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Jul 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
Jul 24, 2026 close
ORCL Theta Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 10, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Selling Puts
Invalidation: Break below $190 gamma flip
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.0% from MP

IV Environment

IV Regime
High
IV vs VIX
IV 92.6% vs VIX 22.2
Favorable?
Yes

Term structure: Backwardated; near-term IV extreme

📈Bullish flow + $24.9M GEX
⚠️Spot 3% below max pain $208

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+24.9M)

Gamma flip: ~$190.00 — Approx — based on put OI concentration of 17,098 (5.6% below spot)

OI concentrations: Put OI 17K at $190; call wall $230-$300; put floor $135-$190

Verdict: Moderate pin risk; bullish bias favors upward drift

Premium Opportunities

#1
Cash-secured put
Sell 2026-07-10 $200.00 cash-secured put
Sell $200 put for Jan 2026, capturing elevated IV with defined risk.
Credit: $14.72-$17.99
Max loss: $182.01
BE: $182.01
Mgmt: Monitor gamma flip; close if stock drops below $200.
#2
Put credit spread
Sell 2026-07-02 $200.00/$180.00 put spread
Sell $200/$180 put spread, reducing basis risk.
Credit: $7.40-$9.05
Max loss: $10.95
BE: $190.95
Mgmt: Watch $200 level; early close if IV contracts. Liquidity warning: Liquidity constraints: long_put: Wide spread (54%).

Risk Alerts

!Near-term IV extreme (182%)
!Gamma flip at $190
How to Use These Reports
This theta reflects the market close on June 10, 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.