ORCL Options
ORCL $126.45 · Updated Oct 26, 4:00 PM ET
ORCL is at $126.45. The nearest expiration, Oct 30, 2026 (4 days out), lists 77 strikes, with 45,108 calls and 32,163 puts traded in the latest session. At-the-money implied volatility is 87.1%. The at-the-money straddle prices a move of about $9.23 (7.3%) by expiration.
ORCL Options Chain
ORCL is at $126.45. The nearest expiration, Oct 30, 2026 (4 days out), lists 77 strikes, with 45,108 calls and 32,163 puts traded in the latest session. At-the-money implied volatility is 87.1%. The at-the-money straddle prices a move of about $9.23 (7.3%) by expiration.
ORCL Gamma Exposure (GEX)
ORCL total dealer gamma exposure is -$66M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $132.39, with spot 4.5% below it. The call wall is $135.00 and the put wall $120.00.
ORCL Max Pain
ORCL max pain for Oct 30, 2026 (4 days out) is $130.00, 2.8% above the current $126.45. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $135.00.
ORCL Put/Call Ratio
Across every listed ORCL expiration, the put/call ratio is 0.78 by volume and 0.85 by open interest. More calls than puts are trading. 1,117,684 puts and 1,309,998 calls are open in total.
ORCL Implied Volatility
ORCL at-the-money implied volatility is 87.1% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 56.5%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
ORCL Open Interest by Strike
Across all ORCL expirations, the largest call open interest near the current $126.45 sits at the $135.00 strike (59,555 contracts) and the largest put open interest at $120.00 (98,547). 1,309,998 calls and 1,117,684 puts are open in total.
ORCL Expected Move
The options market prices ORCL to move about $9.23 (7.3%) by Oct 30, 2026, a range of $117.23 to $135.68. For Nov 27, 2026 (32 days out) the expected move is $16.80 (13.3%).