Oracle closed at $149.20, rising 0.43% from the previous close.

The session’s most significant options flow was a $582,900.00 out-of-the-money call sale at the $155.00 strike, indicating traders are collecting premium while capping upside expectations through September 2026. The trade size and direction point to a bearish-to-neutral stance rather than positioning for a breakout, suggesting limited conviction in any sustained rally above that level.

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Options Indicators

Oracle’s implied volatility is 53.82%, while its IV percentile stands at 21.12%, which suggests current volatility is on the low side relative to its own recent range and that options are cheaply priced rather than expensive. With the IV/HV ratio at 1.07, implied volatility is only modestly above historical volatility, indicating option premiums are not showing an aggressive volatility markup at the moment.

The Call/Put volume ratio is 3.23.

Large Trades

A CALL sale worth $582,900.00 was the standout large trade, with 2,900 contracts sold at the $155.00 strike expiring on 2026-09-25. With ORCL referenced at $149.20, the option was out of the money at the time of the trade, making this a bearish to moderately capped view that the shares are unlikely to rally decisively above that level by expiration. Strategically, selling this call suggests premium collection and a willingness to lean against further upside, while also expressing a view that near-term gains may remain limited.

Overall, the large-trade flow points to a bearish sentiment in ORCL. The fact that the only notable bulk order was an out-of-the-money call sale indicates traders were more interested in fading upside and harvesting premium than positioning for a breakout, which implies restrained expectations for the stock’s advance over the relevant horizon.

Strategy Reference

For a low assignment probability, a call seller may prefer a higher OTM strike, such as the $165.00 or $170.00 strike expiring in September 2026, but will receive less premium; alternatively, a bear call spread using short $155.00/long $165.00 strikes can reduce margin requirements while still expressing a capped upside view.