Oracle $ORCL bounced off the 110 level and closed higher today, even after reports that Microsoft $MSFT is winding down its 2023 AI cloud capacity deal.
Net premium is still −$2.5M (−1.1σ) and the GEX ratio is 0.27 (−1.3σ), but 110 is where the biggest negative GEX sits at −6.2K.