Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
ORCL options intelligence
Oracle Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 31 Jul 2026
Checked 2 Aug 2026 19:27 · partial chain
Call-side pressure
Bullish pressure
ORCL currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 6.9%, with volume/open-interest participation at 0.08.
Expected move
6.9%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
0.44
Call-side skew
Trend fit
18
Options are not fully confirming trend
Weekly backdrop
+12.9%
RS -39.7
Expected move
6.9%
Put-call volume
0.44
Volume / OI
0.08
Reference IV
0.62
Max pain
130.00
Underlying
129.87
Nearest expiry
7 Aug 2026
Contracts
2000
Research Brief
ORCL has a bullish chain read with 38/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 120.87–138.87; The largest call open-interest concentration is 135.00; the largest put concentration is 135.00. The most active strike by current volume is 135.00.
Priced range120.87–138.87
Call concentration135.00
Put concentration135.00
Max pain reference130.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 120.87 to 138.87. Max pain at 130.00 sits inside that range, 0.1% above spot.
Spot
Max pain
120.87129.87 ± 9.00138.87
Confirmation level
A close beyond 138.87 or below 120.87 at the 7 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 38/100
Pressure is 41/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure41 × 42%
+17.4
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement18 × 26%
+4.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility71 × 10%
+7.1
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 135.00; the largest put concentration is 135.00. The most active strike by current volume is 135.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3125
100.00-23.0%
221
1891
110.00-15.3%
83
2765
115.00-11.4%
221
1688
120.00-7.6%
652
1170
125.00-3.7%
2991
343
126.00-3.0%
543
663
127.00-2.2%
1062
1243
130.000.1%
5404
204
132.001.6%
766
113
133.002.4%
1479
258
134.003.2%
1158
3505
135.004.0%
7412
98
137.005.5%
534
1127
140.007.8%
4786
330
145.0011.7%
3097
457
150.0015.5%
3831
152
160.0023.2%
3408
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.62
7 Aug
7d
0.63
14 Aug
14d
0.63
21 Aug
21d
0.64
28 Aug
28d
0.64
4 Sep
35d
0.74
11 Sep
42d
0.73
18 Sep
49d
0.70
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
104
106
109
111
114
116
118
121
123
126
128
130
133
135
138
140
142
145
147
150
155
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain92%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2168
- 92% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $163.3M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+41
1W price+12.9%
Call premium57%
Put premium43%
Notional split
C 57% / P 43%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
18/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · OTM
calls cluster with 17871 contracts traded, $20.0M estimated gross traded notional, and 12% of visible notional.
$20.0M
Puts · 8-21 days · ITM
puts cluster with 2206 contracts traded, $15.7M estimated gross traded notional, and 10% of visible notional.
$15.7M
Calls · 46-90 days · OTM
calls cluster with 27025 contracts traded, $15.6M estimated gross traded notional, and 10% of visible notional.
$15.6M
Puts · 46-90 days · ITM
puts cluster with 1430 contracts traded, $10.2M estimated gross traded notional, and 6% of visible notional.
$10.2M
Puts · 91+ days · OTM
puts cluster with 6769 contracts traded, $10.0M estimated gross traded notional, and 6% of visible notional.
$10.0M
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close129.87
1W+12.9%
RS-39.7
Fair value-19.1%
Options pressure41
Speculation42
Volatility71
Trend fit18
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 17:10
Bullish
Pressure 29
Move 5.7%
29 Jul 17:30
Bullish
Pressure 32
Move 5.9%
29 Jul 17:53
Bullish
Pressure 31
Move 5.9%
29 Jul 18:20
Bullish
Pressure 30
Move 6.4%
29 Jul 18:40
Bullish
Pressure 30
Move 6.1%
29 Jul 19:02
Bullish
Pressure 30
Move 6.9%
29 Jul 19:24
Bullish
Pressure 36
Move 6.7%
29 Jul 19:49
Bullish
Pressure 38
Move 6.5%
Strike Map
Where activity is clustering
Strike94.00
Calls · V 108 · OI 0
Puts · V 183 · OI 23
Strike95.00
Calls · V 110 · OI 20
Puts · V 279 · OI 1270
Strike96.00
Calls · V 82 · OI 0
Puts · V 20 · OI 16
Strike97.00
Calls · V 76 · OI 7
Puts · V 0 · OI 30
Strike98.00
Calls · V 40 · OI 0
Puts · V 12 · OI 42
Strike99.00
Calls · V 0 · OI 0
Puts · V 136 · OI 47
Strike100.00
Calls · V 37 · OI 221
Puts · V 811 · OI 3125
Strike101.00
Calls · V 0 · OI 7
Puts · V 31 · OI 79
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts160
Avg IV0.62
Put-call0.42
Expiry14 Aug 2026
Contracts162
Avg IV0.63
Put-call0.45
Expiry21 Aug 2026
Contracts172
Avg IV0.63
Put-call0.53
Expiry28 Aug 2026
Contracts136
Avg IV0.64
Put-call0.50
Expiry4 Sep 2026
Contracts128
Avg IV0.64
Put-call0.64
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.65
Put IV0.62
Skew-0.03
14 Aug 2026Balanced skew
Call IV0.65
Put IV0.62
Skew-0.03
21 Aug 2026Balanced skew
Call IV0.64
Put IV0.64
Skew-
28 Aug 2026Balanced skew
Call IV0.66
Put IV0.66
Skew-
4 Sep 2026Balanced skew
Call IV0.64
Put IV0.62
Skew-0.02
Contract Tape
Most active contracts
ContractORCL260807C00135000
SideCall
Expiry7 Aug 2026
Strike135.00
Volume9056
OI7412
IV0.64
ContractORCL260807C00140000
SideCall
Expiry7 Aug 2026
Strike140.00
Volume8089
OI4786
IV0.64
ContractORCL260807C00130000
SideCall
Expiry7 Aug 2026
Strike130.00
Volume6810
OI5404
IV0.63
ContractORCL260821C00160000
SideCall
Expiry21 Aug 2026
Strike160.00
Volume6196
OI15464
IV0.66
ContractORCL260918C00145000
SideCall
Expiry18 Sep 2026
Strike145.00
Volume5445
OI14654
IV0.74
ContractORCL260821C00150000
SideCall
Expiry21 Aug 2026
Strike150.00
Volume5145
OI22826
IV0.64
ContractORCL260807P00120000
SidePut
Expiry7 Aug 2026
Strike120.00
Volume4971
OI1688
IV0.63
ContractORCL260821C00140000
SideCall
Expiry21 Aug 2026
Strike140.00
Volume4662
OI18781
IV0.63
Research Graph
Related research and context
Sharemaestro research
Related News
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Market Watch
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.