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United States Oil Fund, LP USO

i

Market dataready · fetched 2026-11-05T16:25:19.914Z

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 · 2026-11-05T16:25:11.949629081Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-05T16:25:17.408757+00:00

Share price$147.88
1D+0.6%
$145.92$146.57$147.21$147.85$148.505:30 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$0.52$1.96$3.40$4.84$6.28$137.81$142.82$147.82$152.83$157.8320Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive USO spot · $147.88USO PRICE$0.68$0.88$1.11$1.35$1.61$1.91$2.22$2.60$3.03$3.50$4.08$4.78$5.64$0.68$0.89$1.13$1.37$1.65$1.96$2.30$2.68$3.15$3.67$4.26$5.01$5.87
PutsCheap0.77×
CallsExpensive1.56×
SkewBullish-1.58 pp
Implied moveBalanced±$4.52
TiltBalanced1.8% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ153.3479.9%4.2%143.0777.1%3.7%
25Δ152.1377.6%3.5%144.1075.9%3.2%
30Δ151.1776.7%3.0%144.9975.0%2.7%
35Δ150.3075.6%2.5%145.8273.7%2.3%
40Δ149.4874.7%2.2%146.5873.0%2.0%
45Δ148.7474.6%1.9%147.3072.8%1.7%
50Δ148.0173.7%1.6%148.0072.8%1.5%
55Δ147.2974.0%1.4%148.7172.7%1.3%
60Δ146.5574.6%1.1%149.4673.5%1.1%
65Δ145.7974.7%1.0%150.2474.0%0.9%
70Δ144.9676.0%0.8%151.0874.7%0.7%
75Δ144.0377.3%0.6%152.0576.1%0.6%
80Δ142.9579.1%0.5%153.1176.8%0.4%

20Δ

Calls
Pseudo strike
153.34
IV
79.9%
B/E move
4.2%
Puts
Pseudo strike
143.07
IV
77.1%
B/E move
3.7%

25Δ

Calls
Pseudo strike
152.13
IV
77.6%
B/E move
3.5%
Puts
Pseudo strike
144.10
IV
75.9%
B/E move
3.2%

30Δ

Calls
Pseudo strike
151.17
IV
76.7%
B/E move
3.0%
Puts
Pseudo strike
144.99
IV
75.0%
B/E move
2.7%

35Δ

Calls
Pseudo strike
150.30
IV
75.6%
B/E move
2.5%
Puts
Pseudo strike
145.82
IV
73.7%
B/E move
2.3%

40Δ

Calls
Pseudo strike
149.48
IV
74.7%
B/E move
2.2%
Puts
Pseudo strike
146.58
IV
73.0%
B/E move
2.0%

45Δ

Calls
Pseudo strike
148.74
IV
74.6%
B/E move
1.9%
Puts
Pseudo strike
147.30
IV
72.8%
B/E move
1.7%

50Δ

Calls
Pseudo strike
148.01
IV
73.7%
B/E move
1.6%
Puts
Pseudo strike
148.00
IV
72.8%
B/E move
1.5%

55Δ

Calls
Pseudo strike
147.29
IV
74.0%
B/E move
1.4%
Puts
Pseudo strike
148.71
IV
72.7%
B/E move
1.3%

60Δ

Calls
Pseudo strike
146.55
IV
74.6%
B/E move
1.1%
Puts
Pseudo strike
149.46
IV
73.5%
B/E move
1.1%

65Δ

Calls
Pseudo strike
145.79
IV
74.7%
B/E move
1.0%
Puts
Pseudo strike
150.24
IV
74.0%
B/E move
0.9%

70Δ

Calls
Pseudo strike
144.96
IV
76.0%
B/E move
0.8%
Puts
Pseudo strike
151.08
IV
74.7%
B/E move
0.7%

75Δ

Calls
Pseudo strike
144.03
IV
77.3%
B/E move
0.6%
Puts
Pseudo strike
152.05
IV
76.1%
B/E move
0.6%

80Δ

Calls
Pseudo strike
142.95
IV
79.1%
B/E move
0.5%
Puts
Pseudo strike
153.11
IV
76.8%
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%