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USO options: IV rank, expected move and trade screens

United States Oil Fund, LP · ETFETF

In the app, stock prices are live and options data is refreshed intraday.

USO last closed at $145.58 with 30-day implied volatility of 45.9%. That is near the bottom of its one-year range (IV rank 20), so options on USO are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 36% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $18.37, or 12.6%.

The price is above its 200-day moving average (+14.0%) but below its 50-day (-4.7%), a pullback inside a longer uptrend. It is 14.1% below its 52-week high and 120.0% above its 52-week low. The 14-day RSI of 42.4 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $5.33, about 3.7% of the price, a measure of a typical day's range.

Option volume at the close (90K contracts) was 0.5x its average, quieter than usual. A negative beta of -1.52 means USO has tended to move against the broad market. 2 of our preset screens found trades on USO at the close, led by Long Call Butterflies for Pinning with 40 trades.

USO stats at the close

Price
$145.58
Market cap $1.93B
Implied volatility
45.9%
30-day, at the money
IV rank
20
IV sits 20% of the way from its one-year low to its one-year high.
IV percentile
36
IV is higher than 36% of the past year's readings.
ATR (14-day)
$5.33
3.7% of the price on a typical day
RSI (14-day)
42.4
Between 30 and 70, neutral
52-week range
-14.1% from high
+120.0% from the 52-week low
Moving averages
-4.7% vs 50-day
+14.0% vs the 200-day
Beta
-1.52
Sensitivity to the broad market
Option volume
0.5x avg
90K contracts vs 175K average

USO expected move by expiration

Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.

ExpirationIVExpected move1 SD rangeStraddle
Nov 18, 20265 days36.3%±$6.18 (4.2%)$139.40 to $151.76$4.95
Dec 11, 202628 days45.6%±$18.37 (12.6%)$127.21 to $163.95$14.63
Jan 15, 202763 days46.7%±$28.24 (19.4%)$117.34 to $173.82$22.45
Feb 19, 202798 days46.4%±$35.03 (24.1%)$110.55 to $180.61$27.78

Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.

Trades that pass our screens as of the close

Counts and ranges for USO from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.

USO options FAQ

What is USO's IV rank?
At the last close, USO's IV rank was 20 with 30-day implied volatility of 45.9%. IV sits 20% of the way from its one-year low to its one-year high. Its IV percentile was 36: IV is higher than 36% of the past year's readings.
What is the expected move for USO?
Based on the last close, options expiring Dec 11, 2026 priced a one standard deviation move of $18.37 (12.6%), a range of $127.21 to $163.95. Roughly two times in three, the stock would finish inside that range if the options are priced fairly.
Which option screens have trades on USO?
At the last close, these OptionClaws preset screens had passing trades on USO: Long Call Butterflies for Pinning (40), Married Put Protection (21). Open a screen in the app to see the individual trades, refreshed intraday.
Is USO option volume above average?
At the last close, USO option volume was 0.5x its average, quieter than usual.

Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.