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ORCL

Oracle CorporationClose $150.59EOD only
Max Pain
$145.00
Next expiry Sep 18, 2026
Expected Move
±$3.62
2.4% from close
Price Gap
-5.59
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
0.76
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Sep 17, 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 17, 2026 close
ORCL Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 18, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness3 / 10
Sizing: Conservative
Primary: Avoid short premium near expiration
Invalidation: Spot fails to hold $180 pin
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
Avg IV 72.8% vs VIX 16.4: extremely elevated
Favorable?
No

Term structure: Front-end skewed: calls 189.5, puts 177.1, ATM 11.6; backwardation

⚠️0 DTE skew extreme: call IV 189.5, put IV 177.1

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Trending ($-14.5M)

Gamma flip: ~$180.00 — Approx — based on put OI concentration of 15,519 (2.3% below spot)

OI concentrations: Put OI 15,519 at $180 (2.3% below spot); call wall $200-$250

Verdict: High pin risk at $180; gamma flip near spot

Premium Opportunities

#1
Call calendar
Sell 2026-07-24 $190.00 call / buy 2026-09-18 $190.00 call
Sell near-term $190 call, buy back-month $190 call to profit from decay and post-earnings vol contraction.
Debit: $8.82-$10.78
Max loss: $10.78
BE: Path-dependent
Mgmt: Monitor $180 pin risk; adjust if spot nears $190.

Risk Alerts

!0 DTE expiration magnifies pin risk
!Extreme IV skew suggests large expected move
How to Use These Reports
This theta reflects the market close on June 18, 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.