USO Max Pain
USO $166.23 · Updated Oct 26, 4:00 PM ET
USO max pain for Oct 28, 2026 (2 days out) is $122.00, 26.6% below the current $166.23. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $35.00.
MAX PAIN BY EXPIRATION
| Expiration | DTE | Max pain | vs spot | Call OI | Put OI |
|---|---|---|---|---|---|
| Oct 28, 2026 | 2 | $122.00 | -26.6% | 0 | 0 |
| Oct 30, 2026 | 4 | $195.00 | +17.3% | 0 | 2 |
| Nov 4, 2026 | 9 | $125.00 | -24.8% | 0 | 0 |
| Nov 6, 2026 | 11 | $70.00 | -57.9% | 0 | 0 |
| Nov 13, 2026 | 18 | $85.00 | -48.9% | 0 | 0 |
| Nov 20, 2026 | 25 | $40.00 | -75.9% | 5 | 13 |
| Nov 27, 2026 | 32 | $35.00 | -78.9% | 0 | 0 |
| Dec 4, 2026 | 39 | $75.00 | -54.9% | 0 | 0 |
| Dec 18, 2026 | 53 | $55.00 | -66.9% | 93 | 27 |
| Jan 15, 2027 | 81 | $35.00 | -78.9% | 1,457 | 12 |
| Feb 19, 2027 | 116 | $10.00 | -94.0% | 0 | 0 |
| Mar 19, 2027 | 144 | $185.00 | +11.3% | 211 | 321 |
How this is calculated: Max Pain methodology