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ORCL

Oracle CorporationClose $139.54EOD only
Max Pain
$147.00
Next expiry Sep 25, 2026
Expected Move
±$3.36
2.4% from close
Price Gap
+7.46
Distance to max pain
IV Rank
5
Low premium
P/C OI
0.89
Slightly call-heavy
Consensus
5.5/10
Bullish tilt
Published snapshot: Sep 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
Sep 24, 2026 close
ORCL Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Theta premium collection
Invalidation: Spot closes below $130 support or above $180 resistance
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 7.2% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV (81.25%) is 4.4x VIX (18.41%)
Favorable?
Yes

Term structure: Upward sloping from 10.45% to 59.91%; front-week skew extreme (call IV 185%).

⚠️IV elevated relative to VIX by 441%; premium selling favorable.
📉Front-week call IV 185% suggests event risk but high IV supports sellers.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-68.5M)

Gamma flip: ~$130.00 — Approx — based on put OI concentration of 10,858 (12.5% below spot)

OI concentrations: Call OI wall $200-$220; put floor $90-$130; max pain $160 (front), $168 (Jul2), $180 (Jul10)

Verdict: High pin risk near $160 front expiry; resistance at $180.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $140.00/$130.00 put spread
Sell OTM put spread to capture theta decay with limited risk.
Credit: $2.02-$2.48
Max loss: $7.52
BE: $137.52
Mgmt: Close at 50% max gain or if spot breaches 136.3 invalidation.
#2
Short strangle
Sell 2026-07-17 $140.00 put + sell $170.00 call
Sell OTM put and call to collect premium with wide breakevens.
Credit: $4.94-$6.04
Max loss: Unlimited
BE: 133.96 / 176.04
Mgmt: Monitor gamma risk; close or adjust if spot nears strikes or IV spikes.

Risk Alerts

!Spot below max pain and gamma flip $130 supports bearish drift.
!Front-week call IV spike may indicate expiration-related volatility.
How to Use These Reports
This theta reflects the market close on June 26, 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.