Simplify Analytics
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 2026-09-20, 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 · 35–65 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 2026-09-20, not on the page's date.

expiryDTE28-DTE exitthesisearnings 12-09 time?
the vendor's estimate
ATM IV · 09-17expected move
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—

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 2026-11-20 expiry: 63 calendar days from 2026-09-18 (64 from the book date), inside 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 185 (Δ 0.21), put 130 (Δ -0.21).

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: 130call strike nearest 0.20 delta: 18511k011k2.3k2.3k25%10%10%25%-$2.1m+$2.1mbook spot 150.59call wall 150put wall 150γ flip 144.97strike 185 calls: OI 2,081 (-8) · vol 218 (at ask 150, at bid 51, multi-leg 45) · NBBO 3.50 × 3.70, spread 5.6% of mid · Δ 0.21 puts: OI 1,191 (+1) · vol 12 (at ask 1, at bid 11) · NBBO 37.20 × 37.65, spread 1.2% of mid · Δ -0.81 net GEX +$171k per 1% (calls +$403k, puts -$233k)strike 180 calls: OI 6,751 (+141) · vol 740 (at ask 275, at bid 454, sweep 31, multi-leg 335) · NBBO 4.35 × 4.50, spread 3.4% of mid · Δ 0.25 puts: OI 2,979 (-2) · vol 4 (at ask 0, at bid 4, multi-leg 3) · NBBO 33.00 × 33.40, spread 1.2% of mid · Δ -0.77 net GEX +$789k per 1% (calls +$1.4m, puts -$646k)strike 175 calls: OI 2,833 (+29) · vol 678 (at ask 236, at bid 351, sweep 17, multi-leg 34) · NBBO 5.25 × 5.45, spread 3.7% of mid · Δ 0.29 puts: OI 963 (+1) · vol 7 (at ask 0, at bid 4) · NBBO 28.95 × 29.35, spread 1.4% of mid · Δ -0.73 net GEX +$425k per 1% (calls +$654k, puts -$228k)strike 170 calls: OI 7,551 (-87) · vol 634 (at ask 439, at bid 157, sweep 9, multi-leg 59) · NBBO 6.45 × 6.60, spread 2.3% of mid · Δ 0.33 puts: OI 4,876 (+16) · vol 6 (at ask 1, at bid 5) · NBBO 25.10 × 26.30, spread 4.7% of mid · Δ -0.68 net GEX +$611k per 1% (calls +$1.9m, puts -$1.2m)strike 165 calls: OI 5,388 (-34) · vol 473 (at ask 160, at bid 271, sweep 59, multi-leg 89) · NBBO 7.80 × 7.95, spread 1.9% of mid · Δ 0.38 puts: OI 3,254 (+1,641) · vol 46 (at ask 31, at bid 15, sweep 9, multi-leg 21) · NBBO 21.45 × 22.55, spread 5.0% of mid · Δ -0.63 net GEX +$510k per 1% (calls +$1.4m, puts -$881k)strike 160 calls: OI 9,249 (-454) · vol 2,238 (at ask 1,011, at bid 804, sweep 208, multi-leg 1,189) · NBBO 9.40 × 9.65, spread 2.6% of mid · Δ 0.44 puts: OI 2,067 (+11) · vol 54 (at ask 34, at bid 20) · NBBO 18.10 × 19.10, spread 5.4% of mid · Δ -0.57 net GEX +$1.9m per 1% (calls +$2.5m, puts -$580k)strike 155 calls: OI 1,658 (-503) · vol 332 (at ask 163, at bid 138, sweep 8, multi-leg 44) · NBBO 11.30 × 11.50, spread 1.8% of mid · Δ 0.49 puts: OI 2,553 (-3) · vol 240 (at ask 94, at bid 89, sweep 13, multi-leg 102) · NBBO 13.95 × 15.90, spread 13.1% of mid · Δ -0.51 net GEX -$281k per 1% (calls +$449k, puts -$730k)strike 150 calls: OI 11,349 (+46) · vol 842 (at ask 568, at bid 229, sweep 2, multi-leg 189) · NBBO 13.50 × 14.10, spread 4.3% of mid · Δ 0.55 puts: OI 5,204 (+46) · vol 463 (at ask 321, at bid 139, sweep 200, multi-leg 32) · NBBO 12.20 × 13.00, spread 6.3% of mid · Δ -0.45 net GEX +$1.6m per 1% (calls +$3.0m, puts -$1.5m)strike 145 calls: OI 4,860 (+119) · vol 296 (at ask 116, at bid 168, sweep 6, multi-leg 38) · NBBO 16.00 × 17.05, spread 6.4% of mid · Δ 0.61 puts: OI 6,317 (+76) · vol 1,385 (at ask 1,004, at bid 353, sweep 10, multi-leg 1,020) · NBBO 9.75 × 10.40, spread 6.5% of mid · Δ -0.39 net GEX -$461k per 1% (calls +$1.3m, puts -$1.7m)strike 140 calls: OI 1,762 (+33) · vol 264 (at ask 122, at bid 136, sweep 31, multi-leg 40) · NBBO 18.80 × 19.15, spread 1.8% of mid · Δ 0.67 puts: OI 9,732 (-55) · vol 627 (at ask 514, at bid 93, sweep 3, multi-leg 524) · NBBO 7.60 × 7.85, spread 3.2% of mid · Δ -0.33 net GEX -$2.1m per 1% (calls +$429k, puts -$2.5m)strike 135 calls: OI 632 (-25) · vol 46 (at ask 41, at bid 0, multi-leg 3) · NBBO 21.95 × 22.30, spread 1.6% of mid · Δ 0.73 puts: OI 5,619 (+22) · vol 300 (at ask 198, at bid 87, sweep 3, multi-leg 59) · NBBO 5.50 × 6.00, spread 8.7% of mid · Δ -0.27 net GEX -$1.2m per 1% (calls +$141k, puts -$1.3m)strike 130 calls: OI 1,501 (+9) · vol 19 (at ask 12, at bid 7, multi-leg 1) · NBBO 25.40 × 25.80, spread 1.6% of mid · Δ 0.78 puts: OI 6,175 (+103) · vol 148 (at ask 55, at bid 86, sweep 10, multi-leg 55) · NBBO 4.35 × 4.50, spread 3.4% of mid · Δ -0.21 net GEX -$960k per 1% (calls +$298k, puts -$1.3m)strike 125 calls: OI 494 (+27) · vol 31 (at ask 15, at bid 16) · NBBO 29.15 × 29.60, spread 1.5% of mid · Δ 0.82 puts: OI 5,919 (+72) · vol 197 (at ask 139, at bid 38, multi-leg 42) · NBBO 3.15 × 3.35, spread 6.2% of mid · Δ -0.17 net GEX -$940k per 1% (calls +$84k, puts -$1.0m)strike 120 calls: OI 633 (-17) · vol 6 (at ask 3, at bid 3) · NBBO 33.20 × 33.70, spread 1.5% of mid · Δ 0.86 puts: OI 8,961 (+26) · vol 2,298 (at ask 147, at bid 2,096, sweep 1, multi-leg 2,128) · NBBO 2.29 × 2.38, spread 3.9% of mid · Δ -0.13 net GEX -$1.2m per 1% (calls +$90k, puts -$1.3m)strike 115 calls: OI 194 (+0) · vol 5 (at ask 0, at bid 5) · NBBO 37.45 × 37.95, spread 1.3% of mid · Δ 0.89 puts: OI 5,938 (+16) · vol 1,191 (at ask 19, at bid 54, multi-leg 1,132) · NBBO 1.55 × 1.67, spread 7.5% of mid · Δ -0.09 net GEX -$644k per 1% (calls +$22k, puts -$666k)

2026-11-20 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 (+$811k 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.

max pain $155.00 belongs to the 2026-10-16 monthly (29 days from 2026-09-17, as max_pain_expiry_dte stores it: the nearest monthly at least 7 days out), not to this expiry.

Table view · 15 strikes
putsstrikecallsGEX, $ per 1%
ΔOIOImulti-legsweep@bid@askvolΔspraskbidbidasksprΔvol@ask@bidsweepmulti-legOIΔOIputcallnet
+11,1910011112-0.811.2%37.6537.201853.503.705.6%0.21218150510452,081-8-$233k+$403k+$171k
-22,97930404-0.771.2%33.4033.001804.354.503.4%0.25740275454313356,751+141-$646k+$1.4m+$789k
+196300407-0.731.4%29.3528.951755.255.453.7%0.2967823635117342,833+29-$228k+$654k+$425k
+164,87600516-0.684.7%26.3025.101706.456.602.3%0.336344391579597,551-87-$1.2m+$1.9m+$611k
+1,6413,254219153146-0.635.0%22.5521.451657.807.951.9%0.3847316027159895,388-34-$881k+$1.4m+$510k
+112,06700203454-0.575.4%19.1018.101609.409.652.6%0.442,2381,0118042081,1899,249-454-$580k+$2.5m+$1.9m
-32,553102138994240-0.5113.1%15.9013.9515511.3011.501.8%0.493321631388441,658-503-$730k+$449k-$281k
+465,20432200139321463-0.456.3%13.0012.2015013.5014.104.3%0.55842568229218911,349+46-$1.5m+$3.0m+$1.6m
+766,3171,020103531,0041,385-0.396.5%10.409.7514516.0017.056.4%0.612961161686384,860+119-$1.7m+$1.3m-$461k
-559,732524393514627-0.333.2%7.857.6014018.8019.151.8%0.6726412213631401,762+33-$2.5m+$429k-$2.1m
+225,61959387198300-0.278.7%6.005.5013521.9522.301.6%0.734641003632-25-$1.3m+$141k-$1.2m
+1036,17555108655148-0.213.4%4.504.3513025.4025.801.6%0.7819127011,501+9-$1.3m+$298k-$960k
+725,91942038139197-0.176.2%3.353.1512529.1529.601.5%0.8231151600494+27-$1.0m+$84k-$940k
+268,9612,12812,0961472,298-0.133.9%2.382.2912033.2033.701.5%0.8663300633-17-$1.3m+$90k-$1.2m
+165,9381,132054191,191-0.097.5%1.671.5511537.4537.951.3%0.8950500194+0-$666k+$22k-$644k