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United States Oil Fund, LP USO

i

Market dataready · fetched 2026-11-05T17:35:15.009Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-06

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-05T17:35:01.198413254Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-05T17:35:11.537865+00:00

Share price$147.93
1D+0.7%
$145.90$146.62$147.34$148.06$148.785:30 AM6:30 AM9:00 AM1:00 PMUSO
Sold putSold call

United States Oil Fund, LP options

Live interpolated USO call and put midpoint premiums by absolute delta.United States Oil Fund, LP$0.50$1.92$3.33$4.74$6.16$138.42$142.78$147.14$151.51$155.8720Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive USO spot · $147.93USO PRICE$0.65$0.84$1.07$1.31$1.58$1.87$2.18$2.54$2.97$3.43$4.00$4.69$5.50$0.67$0.88$1.11$1.35$1.62$1.93$2.24$2.64$3.08$3.59$4.17$4.91$5.75
PutsCheap0.77×
CallsExpensive1.54×
SkewBullish-1.01 pp
Implied moveBalanced±$4.42
TiltBalanced1.9% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ153.1977.0%4.0%143.1875.9%3.7%
25Δ152.0074.5%3.3%144.2174.4%3.1%
30Δ151.1074.0%2.9%145.0973.6%2.7%
35Δ150.2773.4%2.5%145.9072.4%2.3%
40Δ149.5073.2%2.1%146.6571.7%2.0%
45Δ148.7772.9%1.8%147.3571.7%1.7%
50Δ148.0572.2%1.6%148.0570.9%1.4%
55Δ147.3572.2%1.3%148.7571.3%1.2%
60Δ146.6373.0%1.1%149.4772.0%1.0%
65Δ145.8873.2%0.9%150.2472.5%0.9%
70Δ145.0674.4%0.8%151.0673.2%0.7%
75Δ144.1575.7%0.6%152.0174.6%0.6%
80Δ143.1277.0%0.5%153.0675.3%0.4%

20Δ

Calls
Pseudo strike
153.19
IV
77.0%
B/E move
4.0%
Puts
Pseudo strike
143.18
IV
75.9%
B/E move
3.7%

25Δ

Calls
Pseudo strike
152.00
IV
74.5%
B/E move
3.3%
Puts
Pseudo strike
144.21
IV
74.4%
B/E move
3.1%

30Δ

Calls
Pseudo strike
151.10
IV
74.0%
B/E move
2.9%
Puts
Pseudo strike
145.09
IV
73.6%
B/E move
2.7%

35Δ

Calls
Pseudo strike
150.27
IV
73.4%
B/E move
2.5%
Puts
Pseudo strike
145.90
IV
72.4%
B/E move
2.3%

40Δ

Calls
Pseudo strike
149.50
IV
73.2%
B/E move
2.1%
Puts
Pseudo strike
146.65
IV
71.7%
B/E move
2.0%

45Δ

Calls
Pseudo strike
148.77
IV
72.9%
B/E move
1.8%
Puts
Pseudo strike
147.35
IV
71.7%
B/E move
1.7%

50Δ

Calls
Pseudo strike
148.05
IV
72.2%
B/E move
1.6%
Puts
Pseudo strike
148.05
IV
70.9%
B/E move
1.4%

55Δ

Calls
Pseudo strike
147.35
IV
72.2%
B/E move
1.3%
Puts
Pseudo strike
148.75
IV
71.3%
B/E move
1.2%

60Δ

Calls
Pseudo strike
146.63
IV
73.0%
B/E move
1.1%
Puts
Pseudo strike
149.47
IV
72.0%
B/E move
1.0%

65Δ

Calls
Pseudo strike
145.88
IV
73.2%
B/E move
0.9%
Puts
Pseudo strike
150.24
IV
72.5%
B/E move
0.9%

70Δ

Calls
Pseudo strike
145.06
IV
74.4%
B/E move
0.8%
Puts
Pseudo strike
151.06
IV
73.2%
B/E move
0.7%

75Δ

Calls
Pseudo strike
144.15
IV
75.7%
B/E move
0.6%
Puts
Pseudo strike
152.01
IV
74.6%
B/E move
0.6%

80Δ

Calls
Pseudo strike
143.12
IV
77.0%
B/E move
0.5%
Puts
Pseudo strike
153.06
IV
75.3%
B/E move
0.4%

Options history

IV · four-Friday blend50.71%
Daily close
USO35.9%51.0%66.1%2026-08-07: 54.28%2026-08-10: 56.44%2026-08-11: 56.07%2026-08-12: 51.95%2026-08-13: 48.13%2026-08-14: 46.40%2026-08-17: 50.62%2026-08-18: 44.31%2026-08-19: 44.22%2026-08-20: 45.82%2026-08-21: 45.43%2026-08-24: 45.38%2026-08-25: 44.28%2026-08-26: 42.83%2026-08-27: 41.21%2026-08-28: 37.95%2026-08-31: 40.95%2026-09-01: 45.27%2026-09-02: 42.23%2026-09-03: 41.82%2026-09-04: 39.43%2026-09-08: 44.69%2026-09-09: 46.59%2026-09-10: 64.02%2026-09-11: 57.87%2026-09-14: 55.83%2026-09-15: 58.06%2026-09-16: 53.05%2026-09-17: 49.17%2026-09-18: 45.74%2026-09-21: 48.66%2026-09-22: 54.18%2026-09-23: 52.52%2026-09-24: 53.97%2026-09-25: 54.29%2026-09-28: 57.97%2026-09-29: 54.67%2026-09-30: 51.95%2026-10-01: 50.00%2026-10-02: 47.28%2026-10-05: 45.71%2026-10-06: 44.89%2026-10-07: 46.13%2026-10-08: 44.60%2026-10-09: 43.77%2026-10-12: 43.07%2026-10-13: 43.16%2026-10-14: 42.31%2026-10-15: 42.79%2026-10-16: 45.82%2026-10-19: 44.35%2026-10-20: 48.43%2026-10-21: 50.57%2026-10-22: 50.77%2026-10-23: 55.94%2026-10-26: 53.39%2026-10-27: 49.43%2026-10-28: 50.29%2026-10-29: 50.24%2026-10-30: 50.71%Aug 7Sep 18Oct 30
60 observations2026-08-07 — 2026-10-30
Table
DateIV (%)
54.28%
56.44%
56.07%
51.95%
48.13%
46.40%
50.62%
44.31%
44.22%
45.82%
45.43%
45.38%
44.28%
42.83%
41.21%
37.95%
40.95%
45.27%
42.23%
41.82%
39.43%
44.69%
46.59%
64.02%
57.87%
55.83%
58.06%
53.05%
49.17%
45.74%
48.66%
54.18%
52.52%
53.97%
54.29%
57.97%
54.67%
51.95%
50.00%
47.28%
45.71%
44.89%
46.13%
44.60%
43.77%
43.07%
43.16%
42.31%
42.79%
45.82%
44.35%
48.43%
50.57%
50.77%
55.94%
53.39%
49.43%
50.29%
50.24%
50.71%