ORCL Options Chain Analysis

As of previous close (2026-09-30) · OPRA historical data

Spot $137.05 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.86

1.6M P / 1.8M C

Put/Call (Volume)

0.52

67k P / 131k C that session

30d ATM IV

54%

annualized implied move

Call wall

$200

146k contracts

Put wall

$120

131k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Call wall at $200 (146k contracts), 46% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $120 (131k contracts), 12% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.1× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	174k	70k	0.40	65k
2026-10-09	35k	27k	0.75	19k
2026-10-16	295k	179k	0.61	29k
2026-10-23	30k	20k	0.65	4k
2026-10-30	38k	44k	1.13	6k
2026-11-06	9k	3k	0.30	1k
2026-11-20	151k	121k	0.80	12k
2026-12-18	255k	215k	0.84	17k
2027-01-15	299k	248k	0.83	10k
2027-02-19	3k	5k	1.67	501
2027-03-19	137k	158k	1.16	3k
2027-04-16	3k	12k	3.89	624
2027-06-17	110k	140k	1.27	3k
2027-09-17	23k	32k	1.42	749
2027-10-15	8k	13k	1.53	180
2027-12-17	67k	58k	0.87	24k
2028-01-21	133k	142k	1.06	3k
2028-09-15	30k	30k	1.02	563
2028-12-15	14k	36k	2.67	342
2029-01-19	2k	4k	1.65	947

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.