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ORCL

ORCL

$147.61 unadjusted close, 2026-09-18
as of 2026-09-18
AAPLAMDAMZNAVGOCATCRSRCRWDDEDELLDIAGOOGINTCIWMLMTMETAMRVLMSFTMUNVDAORCLPANWPLTRQQQSMHSNDKSOXXSPCXSPYSTXWDCXLEXLFXLIXLKXLPXLUXLVXLYXOM

Implied volatility · 30-day constant maturity

level
47.9%
IV percentile
14.7%
own all (<3y) · n=241
IV rank
16.4%
own all (<1y) · n=241
range
40.5% – 85.5%
own all (<1y) · n=241
low 40.5%241 sessions, all (<1y) · today 47.9%high 85.5%

Term structure · constant maturity

6 consecutive sessions in contango (the normal upward slope).

25 calendar days out: every tenor of 5d or longer spans it Wed 09-23 09:45 ET · US Flash Manufacturing PMI (September) Wed 09-23 09:45 ET · US Flash Services PMI (September)46 calendar days out: every tenor of 6d or longer spans it Thu 09-24 08:00 ET · Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin Thu 09-24 08:30 ET · Weekly Jobless Claims (September) Thu 09-24 10:00 ET · New Home Sales (August) Thu 09-24 11:00 ET · Kansas City Fed Survey (September)27 calendar days out: every tenor of 7d or longer spans it Fri 09-25 08:30 ET · Durable Goods (August) Fri 09-25 10:00 ET · U. Michigan Final Consumer Survey (September)E 12-09 time?Earnings 2026-12-09, time unknown - date stated by the vendor's estimate First session it can move: 2026-12-09, 82 calendar days from the 2026-09-18 curve - every tenor of 82d or longer spans it No expected move served for this date1d5d7d14d30d60d90d180d365d70.2%44.6%
━ 2026-09-18┅ 2026-08-19 (21 sessions earlier)◆ scheduled release, at the first tenor spanning it■ earnings, at the first session it can move (□ no expected move served)tenors in calendar days, log scale
Scheduled after the 2026-09-18 close, from the 2026-09-18 calendar snapshot (forecasts as they stood then). Each is marked with the shortest tenor, in calendar days, that spans it:
  • Wed 09-23 09:45 · 5d US Flash Manufacturing PMI (September) · prev 53.2
  • Wed 09-23 09:45 · 5d US Flash Services PMI (September) · prev 56.8
  • Thu 09-24 08:00 · 6d Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
  • Thu 09-24 08:30 · 6d Weekly Jobless Claims (September)
  • Thu 09-24 10:00 · 6d New Home Sales (August) · prev 607000
  • Thu 09-24 11:00 · 6d Kansas City Fed Survey (September) · prev 17
  • Fri 09-25 08:30 · 7d Durable Goods (August) · prev 1.1%
  • Fri 09-25 10:00 · 7d U. Michigan Final Consumer Survey (September) · prev 51.7

Earnings: 2026-12-09 time unknown, stated by the vendor's estimate, first moves the 2026-12-09 session (82d on the tenor axis), no expected move served. As the vendor's calendar stood on 2026-09-21, not on the page's date.

90-day IV
55.6%
own all (<3y) 36.5% · n=241
slope, 30d − 90d
-7.7 pts
own all (<3y) 3.3% · n=241
variance risk premium, 30d
+18.0 pts
own all (<3y) 84.5% · n=236

Skew · risk reversal

25-delta
-5.0 pts
own all (<3y) 41.4% · n=35
10-delta
-5.9 pts
own all (<3y) 58.6% · n=35

Skew has been collected since 2026-07-30 only: the vendor serves no earlier history, so each percentile here is taken over all of it - the few weeks of readings there are, which the n beside it counts.

Smile by expiry: the 8 expiries within 120 DTE carrying the most open interest · book as of 2026-09-17

1d2026-09-18 · short
2026-09-18: 3 put and 1 call strikes within ±2.3%, IV 57% to 60%strike 152.5: IV 59.8%, beyond the shared scale58%47%−2.3%book spot+2.3%
8d2026-09-25
2026-09-25: 10 put and 4 call strikes within ±6.5%, IV 48% to 50%58%47%−6.5%book spot+6.5%
15d2026-10-02
2026-10-02: 13 put and 5 call strikes within ±8.8%, IV 48% to 50%58%47%−8.8%book spot+8.8%
29d2026-10-16
2026-10-16: 4 put and 3 call strikes within ±12%, IV 48% to 50%58%47%−12%book spot+12%
36d2026-10-23
2026-10-23: 20 put and 8 call strikes within ±14%, IV 48% to 52%58%47%−14%book spot+14%
64d2026-11-20
2026-11-20: 6 put and 5 call strikes within ±18%, IV 51% to 53%58%47%−18%book spot+18%
92d2026-12-18
2026-12-18: 7 put and 6 call strikes within ±22%, IV 56% to 58%58%47%−22%book spot+22%
120d2027-01-15
2027-01-15: 8 put and 7 call strikes within ±25%, IV 54% to 57%58%47%−25%book spot+25%
IV against strike, out-of-the-money side. Each window widens with √DTE, to ±25% at the longest expiry, so every panel shows a comparable slice of its smile; all share one IV scale (47%–58%), set by the expiries past 7 DTE. 1 short-dated point beyond it is pinned to the edge as an open circle.

Expiry window · 0–120 DTE

Next earnings: 2026-12-09 time unknown, stated by the vendor's estimate, first moves the 2026-12-09 session, no expected move served. As the vendor's calendar stood on 2026-09-21, not on the page's date.

expiryDTE28-DTE exitthesisearnings 12-09 time?
the vendor's estimate
ATM IV · 09-17expected move
2026-09-18 Fri02026-08-21insideclear · 82d57.2% p 150—
2026-09-25 Friweekly72026-08-28insideclear · 75d47.9% p 150—
2026-10-02 Friweekly142026-09-04insideclear · 68d49.1% p 150—
2026-10-09 Friweekly212026-09-11insideclear · 61d50.5% p 150—
2026-10-16 Fri282026-09-180dclear · 54d50.4% p 150—
2026-10-23 Friweekly352026-09-257dclear · 47d50.3% p 150—
2026-10-30 Friweekly422026-10-0214dclear · 40d51.8% p 150—
2026-11-20 Fri632026-10-2335dclear · 19d52.7% p 150—
2026-12-18 Fri912026-11-2063dspans · +9d
exit 19d before
56.9% p 150none served
2027-01-15 Fri1192026-12-1891d
exit by 12-08 · 81d
spans · +37d
exit 9d after
56.0% p 150none served

DTE counts calendar days from 2026-09-18, the page's date and the earliest an entry could be made - not from the 2026-09-17 book the expiries and IVs come from, which would overstate it by 1 day; an expiry first listed after 2026-09-17 is not in the book and not here. A premarket report moves its own session and a postmarket one the next; one with no stated time is placed at the earlier of the two - or at the later, once the earlier is already in the 2026-09-18 close - so an expiry can be called spanning when it might not be, never the reverse. "spans +N": the expiry settles N calendar days after that session, and the line under it says whether the 28-DTE exit comes before it ("inside the exit": that date is already behind 2026-09-18, so it protects nothing); "clear N": it settles N days before it. Thesis = DTE − 28 (the hard exit is 21), cut to the last session before a report that comes first. Every expiry in the band is listed, and one that is not a third Friday is marked weekly — §1 of the trading rules admits no weeklies and no 0DTE, so those rows are context, not candidates; the mark is the calendar test on the date alone, and a monthly pulled back to a Thursday by a holiday carries it too. ATM IV is the vendor's at the 2026-09-17 close, on the out-of-the-money side of the listed strike nearest book spot: a display selection, not a statistic, read at that one strike, so "no IV at X" is about X and not about its neighbours. The expected move is the vendor's, for the report the expiry spans. Every row links to that expiry on the strike axis below.

Chain · one strike axis

Book as of 2026-09-17: 1 session behind 2026-09-18: no ORCL chain statistics (net_gex) dated after 2026-09-17 are knowable as of 2026-09-18, and no ticker has newer ones. The strikes drawn below are 2026-09-17's rows as stored now; the levels and statistics are the readings dated 2026-09-17, computed from those rows when the readings were derived, and a fetch of 2026-09-17 after that can revise rows. Open interest is what entered 2026-09-17 (OCC's settlement of 2026-09-16), valued at the 2026-09-17 close.

net GEX · carried book
+$88.8m per 1%
own all (<3y) 86.7% · n=64
gamma flip
$144.97
flip within ±25% of book spot
flip distance
-0.70 ATR
own all (<3y) 41.4% · n=64
0DTE share of volume
not listed daily

book spot $150.59 (unadjusted close, 2026-09-17) · call wall $150.00 (-0.39% from book spot) · put wall $150.00 (-0.39% from book spot) · max pain $155.00 (+2.93% from book spot, 2026-10-16 monthly)

Each level is stored as a distance from the book's own spot, so each is drawn at $150.59 × (1 + that distance) - the 2026-09-17 unadjusted close, the price the chain was taken at. That is why two prices appear on this page. ORCL headlines $147.61, its newest unadjusted close, on 2026-09-18; the book was taken at $150.59 on 2026-09-17, because the book trails the page by the one session counted above. Both are closes, both are dated, and neither is adjusted. Recomputing a wall on the newer close would put it at a level this book never had, so none of these is: they are the 2026-09-17 book's levels, on the 2026-09-17 close.

Dashed: 7 DTE or less, where the vendor's gamma is noisy. "mp": the monthly max pain describes.

Tradability of the 2026-10-16 expiry: 28 calendar days from 2026-09-18 (29 from the book date), outside the owner's 35–65 DTE entry window. Spreads are the NBBO stored with the 2026-09-17 chain snapshot - not a live quote, and not DESIGN J's quote at a trade (per-trade quotes are not collected) - as a percent of mid; a zero or missing bid, or a crossed quote, is drawn as × for no two-sided quote. The owner's floors are marked and filter nothing: spread 10% of mid, OI 500, and the strike nearest 0.20 delta on each side - call 170 (Δ 0.22), put 135 (Δ -0.20).

call put OI carried through 2026-09-16 · opened by 2026-09-16's trading · closed by it / net GEX long / short gamma book spot call wall put wall max pain gamma flipfloors, marked not filtered: spread 10% of mid · OI 500 · strike nearest 0.20 delta, beside the spread panel · no two-sided quote · spread past 25%
OI changes are 2026-09-16's trading; volume is 2026-09-17's.◀ put OIcall OI ▶entering 2026-09-17◀ put volcall vol ▶traded 2026-09-17◀ putcall ▶spread, % of mid− net GEX+$ per 1% move185180175170165160155150145140135130125120115put strike nearest 0.20 delta: 135call strike nearest 0.20 delta: 17017k017k4.3k4.3k25%10%10%25%-$4.6m+$4.6mmax pain 155book spot 150.59call wall 150put wall 150γ flip 144.97strike 185 calls: OI 5,298 (+324) · vol 370 (at ask 274, at bid 75, sweep 44, multi-leg 31) · NBBO 0.91 × 0.95, spread 4.3% of mid · Δ 0.10 puts: OI 1,029 (+0) · vol 15 (at ask 12, at bid 3, multi-leg 13) · NBBO 35.05 × 35.40, spread 1.0% of mid · Δ -0.91 net GEX +$737k per 1% (calls +$909k, puts -$172k)strike 180 calls: OI 14,626 (+61) · vol 1,764 (at ask 884, at bid 705, sweep 4, multi-leg 489) · NBBO 1.26 × 1.29, spread 2.4% of mid · Δ 0.13 puts: OI 3,874 (-1) · vol 27 (at ask 27, at bid 0) · NBBO 30.40 × 31.70, spread 4.2% of mid · Δ -0.88 net GEX +$2.3m per 1% (calls +$3.1m, puts -$815k)strike 175 calls: OI 8,852 (+90) · vol 843 (at ask 488, at bid 228, sweep 9, multi-leg 109) · NBBO 1.71 × 1.77, spread 3.4% of mid · Δ 0.16 puts: OI 2,657 (-1) · vol 5 (at ask 2, at bid 2, multi-leg 3) · NBBO 25.90 × 26.20, spread 1.2% of mid · Δ -0.84 net GEX +$1.6m per 1% (calls +$2.3m, puts -$691k)strike 170 calls: OI 17,471 (+968) · vol 4,310 (at ask 2,024, at bid 1,731, sweep 63, multi-leg 578) · NBBO 2.43 × 2.47, spread 1.6% of mid · Δ 0.22 puts: OI 5,170 (+32) · vol 76 (at ask 29, at bid 45, multi-leg 2) · NBBO 21.60 × 21.95, spread 1.6% of mid · Δ -0.79 net GEX +$3.8m per 1% (calls +$5.5m, puts -$1.6m)strike 165 calls: OI 16,516 (+2,507) · vol 2,668 (at ask 1,030, at bid 1,367, sweep 124, multi-leg 486) · NBBO 3.35 × 3.45, spread 2.9% of mid · Δ 0.28 puts: OI 3,975 (+55) · vol 36 (at ask 13, at bid 13, multi-leg 32) · NBBO 17.55 × 17.85, spread 1.7% of mid · Δ -0.72 net GEX +$4.6m per 1% (calls +$6.0m, puts -$1.5m)strike 160 calls: OI 11,704 (+530) · vol 3,975 (at ask 2,325, at bid 1,382, sweep 126, multi-leg 683) · NBBO 4.15 × 4.75, spread 13.5% of mid · Δ 0.36 puts: OI 4,467 (-124) · vol 375 (at ask 105, at bid 243, sweep 20, multi-leg 111) · NBBO 13.90 × 15.00, spread 7.6% of mid · Δ -0.64 net GEX +$2.9m per 1% (calls +$4.7m, puts -$1.8m)strike 155 calls: OI 6,731 (-90) · vol 1,434 (at ask 580, at bid 720, sweep 126, multi-leg 168) · NBBO 6.35 × 6.45, spread 1.6% of mid · Δ 0.44 puts: OI 5,154 (-10) · vol 378 (at ask 230, at bid 134, sweep 92, multi-leg 47) · NBBO 10.65 × 10.85, spread 1.9% of mid · Δ -0.56 net GEX +$680k per 1% (calls +$2.9m, puts -$2.2m)strike 150 calls: OI 11,875 (+249) · vol 2,318 (at ask 1,225, at bid 950, sweep 65, multi-leg 466) · NBBO 8.50 × 8.75, spread 2.9% of mid · Δ 0.54 puts: OI 5,411 (+121) · vol 1,375 (at ask 127, at bid 1,164, sweep 117, multi-leg 145) · NBBO 7.85 × 8.00, spread 1.9% of mid · Δ -0.46 net GEX +$2.7m per 1% (calls +$5.1m, puts -$2.4m)strike 145 calls: OI 3,413 (+936) · vol 1,166 (at ask 495, at bid 334, sweep 26, multi-leg 100) · NBBO 11.20 × 11.35, spread 1.3% of mid · Δ 0.63 puts: OI 7,755 (+1,424) · vol 637 (at ask 280, at bid 261, sweep 14, multi-leg 222) · NBBO 5.55 × 5.70, spread 2.7% of mid · Δ -0.36 net GEX -$1.8m per 1% (calls +$1.4m, puts -$3.2m)strike 140 calls: OI 8,593 (+55) · vol 846 (at ask 612, at bid 218, sweep 30, multi-leg 161) · NBBO 14.40 × 14.65, spread 1.7% of mid · Δ 0.72 puts: OI 11,284 (+557) · vol 1,080 (at ask 475, at bid 463, multi-leg 462) · NBBO 3.75 × 3.85, spread 2.6% of mid · Δ -0.27 net GEX -$1.0m per 1% (calls +$3.1m, puts -$4.1m)strike 135 calls: OI 1,731 (+27) · vol 266 (at ask 241, at bid 21, sweep 1, multi-leg 29) · NBBO 18.10 × 18.35, spread 1.4% of mid · Δ 0.80 puts: OI 10,401 (+680) · vol 1,412 (at ask 788, at bid 546, sweep 13, multi-leg 252) · NBBO 2.44 × 2.71, spread 10.5% of mid · Δ -0.20 net GEX -$2.6m per 1% (calls +$512k, puts -$3.1m)strike 130 calls: OI 3,442 (-8) · vol 95 (at ask 65, at bid 30, sweep 4, multi-leg 6) · NBBO 22.20 × 22.50, spread 1.3% of mid · Δ 0.86 puts: OI 10,099 (+308) · vol 913 (at ask 192, at bid 647, multi-leg 288) · NBBO 1.50 × 1.59, spread 5.8% of mid · Δ -0.13 net GEX -$1.5m per 1% (calls +$788k, puts -$2.3m)strike 125 calls: OI 1,076 (+0) · vol 7 (at ask 3, at bid 2) · NBBO 26.60 × 26.90, spread 1.1% of mid · Δ 0.90 puts: OI 8,538 (+514) · vol 1,036 (at ask 631, at bid 288, multi-leg 294) · NBBO 0.92 × 0.96, spread 4.3% of mid · Δ -0.09 net GEX -$1.2m per 1% (calls +$182k, puts -$1.4m)strike 120 calls: OI 1,279 (+98) · vol 97 (at ask 61, at bid 35, multi-leg 2) · NBBO 31.25 × 31.55, spread 1.0% of mid · Δ 0.93 puts: OI 9,763 (+320) · vol 739 (at ask 427, at bid 236, sweep 1, multi-leg 140) · NBBO 0.54 × 0.61, spread 12.2% of mid · Δ -0.06 net GEX -$951k per 1% (calls +$156k, puts -$1.1m)strike 115 calls: OI 158 (-20) · vol 0 (at ask 0, at bid 0) · NBBO 36.05 × 36.35, spread 0.8% of mid · Δ 0.95 puts: OI 3,365 (+59) · vol 68 (at ask 49, at bid 15, multi-leg 42) · NBBO 0.34 × 0.38, spread 11.1% of mid · Δ -0.04 net GEX -$241k per 1% (calls +$14k, puts -$255k)

2026-10-16 expiry, 15 strikes within ±25% of book spot (the flip search band); 31 hidden (20 above, 11 below), 31 of them with open interest. One row per listed strike: rows are evenly spaced, prices are not. Net GEX is this expiry's alone (+$12.7m per 1% in all); the walls, flip and headline sum every carried expiry. Volume is 2026-09-17's own - whether it opened positions shows in the 2026-09-18 book's change.

Table view · 15 strikes
putsstrikecallsGEX, $ per 1%
ΔOIOImulti-legsweep@bid@askvolΔspraskbidbidasksprΔvol@ask@bidsweepmulti-legOIΔOIputcallnet
+01,02913031215-0.911.0%35.4035.051850.910.954.3%0.103702747544315,298+324-$172k+$909k+$737k
-13,8740002727-0.884.2%31.7030.401801.261.292.4%0.131,764884705448914,626+61-$815k+$3.1m+$2.3m
-12,65730225-0.841.2%26.2025.901751.711.773.4%0.1684348822891098,852+90-$691k+$2.3m+$1.6m
+325,17020452976-0.791.6%21.9521.601702.432.471.6%0.224,3102,0241,7316357817,471+968-$1.6m+$5.5m+$3.8m
+553,975320131336-0.721.7%17.8517.551653.353.452.9%0.282,6681,0301,36712448616,516+2,507-$1.5m+$6.0m+$4.6m
-1244,46711120243105375-0.647.6%15.0013.901604.154.7513.5%0.363,9752,3251,38212668311,704+530-$1.8m+$4.7m+$2.9m
-105,1544792134230378-0.561.9%10.8510.651556.356.451.6%0.441,4345807201261686,731-90-$2.2m+$2.9m+$680k
+1215,4111451171,1641271,375-0.461.9%8.007.851508.508.752.9%0.542,3181,2259506546611,875+249-$2.4m+$5.1m+$2.7m
+1,4247,75522214261280637-0.362.7%5.705.5514511.2011.351.3%0.631,166495334261003,413+936-$3.2m+$1.4m-$1.8m
+55711,28446204634751,080-0.272.6%3.853.7514014.4014.651.7%0.72846612218301618,593+55-$4.1m+$3.1m-$1.0m
+68010,401252135467881,412-0.2010.5%2.712.4413518.1018.351.4%0.80266241211291,731+27-$3.1m+$512k-$2.6m
+30810,0992880647192913-0.135.8%1.591.5013022.2022.501.3%0.86956530463,442-8-$2.3m+$788k-$1.5m
+5148,53829402886311,036-0.094.3%0.960.9212526.6026.901.1%0.90732001,076+0-$1.4m+$182k-$1.2m
+3209,7631401236427739-0.0612.2%0.610.5412031.2531.551.0%0.93976135021,279+98-$1.1m+$156k-$951k
+593,365420154968-0.0411.1%0.380.3411536.0536.350.8%0.9500000158-20-$255k+$14k-$241k