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ORCL

Oracle CorporationClose $152.94EOD only
Max Pain
$155.00
Next expiry Sep 11, 2026
Expected Move
±$18.83
12.3% from close
Price Gap
+2.06
Distance to max pain
IV Rank
79
High premium
P/C OI
0.82
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Sep 10, 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
Sep 10, 2026 close
ORCL Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Credit spread
Invalidation: Spot breaks above $201 or below $180
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 10.2% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV ~73.5% vs VIX 19.4, massive premium >270%
Favorable?
Yes

Term structure: Front-end IV extreme (60-137%), declines to 54% by 21d, then stabilizes ~59%

📈Front call IV 137% signals panic bidding

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-39.2M)

Gamma flip: ~$180.00 — Approx — based on put OI concentration of 15,411 (2.2% below spot)

OI concentrations: Max pain: $205 (1d), $190 (7d), $200 (15d); Call wall $200-$250; Put floor $100

Verdict: Moderate pin risk near $200 area; wide OI distribution reduces exact pin

Premium Opportunities

#1
Put credit spread
Sell 2026-07-10 $175.00/$170.00 put spread
Sells put spread to collect premium from elevated IV, targeting support area.
Credit: $1.57-$1.93
Max loss: $3.07
BE: $173.07
Mgmt: Monitor spot near $180; close if breach.
#2
Short strangle
Sell 2026-07-17 $180.00 put + sell $200.00 call
Sells out-of-the-money put and call to capture extreme IV premium.
Credit: $15.75-$19.25
Max loss: Unlimited
BE: 160.75 / 219.25
Mgmt: Set stop loss at breakeven; adjust if spot approaches strikes.

Risk Alerts

!Negative GEX -$39M implies dealer hedging amplifies moves
!Gamma flip at $180; below that, delta hedging accelerates selling
How to Use These Reports
This theta reflects the market close on June 11, 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.