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ORCL

Oracle CorporationClose $144.79EOD only
Max Pain
$155.00
Next expiry Sep 18, 2026
Expected Move
±$7.07
4.9% from close
Price Gap
+10.21
Distance to max pain
IV Rank
21
Low premium
P/C OI
0.79
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Sep 14, 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 14, 2026 close
ORCL Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 16, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Premium
Invalidation: Spot closes below $180 or above $200
Confidence:
6.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.8% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV (68%) far above VIX (16%)
Favorable?
Yes

Term structure: Near-term call IV >100%; back-month skew flat

📈Rich premium relative to VIX
⚠️Front-end call IV elevated

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+1.2M)

OI concentrations: Max pain $185 (Jun18), $195 (Jun26), $192 (Jul2); call wall $200+

Verdict: Moderate pin risk near Jun18; call OI heavy above

Premium Opportunities

#1
Short strangle
Sell 2026-07-17 $165.00 put + sell $200.00 call
Sell OTM put and call to profit from time decay and volatility contraction
Credit: $8.86-$10.82
Max loss: Unlimited
BE: 154.18 / 210.82
Mgmt: Close at 50% max gain or before earnings; roll if spot nears strikes
#2
Put credit spread
Sell 2026-07-17 $175.00/$165.00 put spread
Sell put spread to profit from time decay and support floor
Credit: $2.28-$2.79
Max loss: $7.21
BE: $172.21
Mgmt: Close at 50% max gain or if spot breaks below $185

Risk Alerts

!High IV environment
!Gamma pinning at $185
!Low put support below $185
How to Use These Reports
This theta reflects the market close on June 16, 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.