Options activity for Oracle (ORCL) shows a heavy burst of volume, with over 502,170 contracts traded as the stock hovers near $130 following its recent pullback. [1, 2]
The options market is flashing a surprisingly bullish near-term bias, even as the equity faces immediate downward pressure. [1]
1. Monitor Key Trading Volume Metrics
- Put-Call Ratio: The overall volume put-call ratio sits at 0.38. This indicates that call options (bullish bets) are heavily outnumbering put options (bearish bets). [1, 2, 3, 4, 5]
- Open Interest: Outstanding positions have spiked to 2.73 million contracts. This is nearly 110% higher than the 30-day average, signaling intense positioning for a near-term move. [1]
- Implied Volatility (IV): IV is currently resting at 59.11% (placing it in the 51st percentile). This reflects an elevated, yet stable premium pricing environment—options are not excessively overpriced despite the stock's steep drop. [1, 2, 3]
2. Identify Significant Blocks & Strike Heatmaps
Institutional flow and retail volume are clustering around specific target levels:
| Expiration Date | Option Type | Strike Price | Key Activity / Notable Flow |
|---|---|---|---|
| July 17, 2026 (This Friday) | Call | $100.00 | Strong deep In-The-Money (ITM) support building with rising open interest. |
| July 24, 2026 | Call & Put | At-The-Money | A massive single-day block of 10,900 calls and 10,900 puts was opened. This indicates a large institutional straddle—a bet on massive volatility without directional bias. |
| July 31, 2026 | Call | $140.00 | 10,000 contracts were aggressively bought in a single transaction when the stock dipped, targeting a fast rebound to the $140 level. |
3. Gauge What This Means for Tomorrow
The heavily skewed 0.38 put-call ratio suggests that traders are actively using the drop below the historical $134 support floor to buy cheap, longer-dated upside calls rather than loading up on immediate downside puts. [1, 2]
However, the presence of the July 24 straddle warns that large funds are bracing for an explosive breakout or breakdown within the next week. [1]
If you want to map out how this might impact your position, tell me:
- Are you looking to protect an existing long stock position?
- Do you want to see the exact premium pricing for specific strikes?
- Are you considering an implied volatility strategy like a straddle or spread?
Let me know what you'd like to calculate next!
AI responses may include mistakes. For financial advice, consult a professional. Learn more
Oracle(ORCL) Stock Options Chain | Quotes & News - Moomoo
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