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It's possible by using the reset password option available from the right click menu on the "expired" connection, BUT only if you have an oracle thick client installed, if you are using pure JDBC connections, or the oracle client is somehow hidden from SQLDeveloper then the option will be grayed out, and you'll have to reset your password manually.
yes this option is grayed out...
how can i install the client thick, where can i find it.
after, how to set parameters to work with that client.