Options · ORCL

GEX × Max Pain for ORCL

AI-generated plain-English read of gex × max pain for ORCL. Updated daily.

Soft drift lower likely: both magnets sit below $128.38, but the damper regime absorbs sharp moves so expect drift, not breakdown.

What will probably happen

Short-term: dampers absorb moves. Expect range-bound trading until something meaningful breaks the structure.
Longer-dated OI is positioned for settlement at $390.00 (+204% from here): gravitational pull up over weeks-to-months.

If you HOLD this stock: No structural action needed. Dampers are protecting you this week.
If you TRADE this stock (no options): No clean directional setup from the structure. Wait for an external trigger (earnings, sector flow, news) before sizing.
If you trade OPTIONS: No edge from the structure alone: premium is fairly priced for the regime. Wait for tighter convergence or a clearer directional setup.

Clear regime, tight convergence, full term structure (16 expirations).

Technical details

Structure: Spot $128.38; front-week magnet at $80.00 (max-gamma) and $80.00 (max-pain).
Regime: Net GEX is positive ($0.00) and the per-strike GEX never flips sign: dealers are net long gamma across the chain, hedging activity DAMPENS moves throughout the listed strike range.
Convergence: Both magnets sit below spot and agree on direction: max-gamma at $80.00, max-pain at $80.00. Hedging and OI math both pull downward.
Term: Term structure: max-gamma falls from $80.00 (front) to $60.00 (longest-dated); max-pain rises from $80.00 to $390.00.

Key price and metric levels
Level	Value
far pain	390
far gamma	60

Net GEX rounds to near-zero: likely thin chain or stale/noisy IVs; lean on the max-pain signal over the GEX signal.