USO Options Chain
USO $166.23 · Updated Oct 26, 4:00 PM ET
USO is at $166.23. The nearest expiration, Oct 28, 2026 (2 days out), lists 66 strikes, with 21,043 calls and 20,511 puts traded in the latest session. At-the-money implied volatility is 49.7%. The at-the-money straddle prices a move of about $4.96 (3.0%) by expiration.
EXPIRATION
- Oct 28, 2026
- Oct 30, 2026
- Nov 4, 2026
- Nov 6, 2026
- Nov 13, 2026
- Nov 20, 2026
- Nov 27, 2026
- Dec 4, 2026
- Dec 18, 2026
- Jan 15, 2027
- Feb 19, 2027
- Mar 19, 2027
- Apr 16, 2027
ATM IV
49.7%
166 strike
EXPECTED MOVE
$4.96
ATM straddle
MAX PAIN
$162.00
-2.5%
PUT/CALL VOLUME
0.97
20,511 / 21,043
OCT 28, 2026 CHAIN
| CALLS | PUTS | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid | Ask | Last | Vol | OI | IV | Delta | Gamma | Theta | Strike | Theta | Gamma | Delta | IV | OI | Vol | Last | Ask | Bid |
| 13.50 | 15.30 | 15.15 | 2 | 196 | 68.5% | 0.967 | 0.0089 | -0.093 | 152 | -0.094 | 0.0089 | -0.033 | 65.1% | 263 | 83 | 0.10 | 0.15 | 0.04 |
| 12.50 | 14.45 | 12.84 | 1 | 21 | 70.6% | 0.961 | 0.0106 | -0.110 | 153 | -0.111 | 0.0106 | -0.039 | 63.3% | 370 | 257 | 0.10 | 0.17 | 0.06 |
| 11.30 | 13.35 | 13.22 | 1 | 36 | 51.4% | 0.953 | 0.0127 | -0.130 | 154 | -0.131 | 0.0127 | -0.047 | 61.5% | 387 | 177 | 0.16 | 0.19 | 0.09 |
| 10.10 | 12.45 | 12.23 | 5 | 105 | 0.0% | 0.943 | 0.0153 | -0.156 | 155 | -0.157 | 0.0153 | -0.057 | 59.6% | 5,295 | 2,493 | 0.19 | 0.20 | 0.14 |
| 9.80 | 10.80 | 10.40 | 4 | 69 | 39.5% | 0.930 | 0.0184 | -0.187 | 156 | -0.188 | 0.0184 | -0.070 | 59.4% | 372 | 388 | 0.24 | 0.27 | 0.20 |
| 8.05 | 10.50 | 9.61 | 19 | 280 | 0.0% | 0.913 | 0.0221 | -0.226 | 157 | -0.226 | 0.0221 | -0.086 | 57.5% | 1,231 | 414 | 0.29 | 0.32 | 0.25 |
| 7.75 | 9.90 | 9.36 | 5 | 117 | 63.7% | 0.893 | 0.0265 | -0.272 | 158 | -0.273 | 0.0265 | -0.107 | 55.4% | 734 | 931 | 0.36 | 0.39 | 0.31 |
| 7.15 | 9.35 | 7.15 | 6 | 125 | 71.8% | 0.868 | 0.0315 | -0.327 | 159 | -0.328 | 0.0315 | -0.132 | 55.1% | 619 | 902 | 0.45 | 0.50 | 0.43 |
| 6.30 | 7.55 | 7.10 | 32 | 454 | 55.9% | 0.837 | 0.0371 | -0.389 | 160 | -0.390 | 0.0371 | -0.163 | 53.3% | 1,605 | 2,714 | 0.58 | 0.62 | 0.52 |
| 5.80 | 7.05 | 7.09 | 8 | 109 | 63.8% | 0.800 | 0.0430 | -0.457 | 161 | -0.458 | 0.0430 | -0.200 | 52.7% | 223 | 634 | 0.70 | 0.81 | 0.67 |
| 4.50 | 5.85 | 5.40 | 20 | 683 | 50.7% | 0.756 | 0.0489 | -0.527 | 162 | -0.528 | 0.0489 | -0.244 | 51.4% | 316 | 702 | 1.02 | 1.03 | 0.88 |
| 3.25 | 5.85 | 5.48 | 6 | 416 | 44.2% | 0.731 | 0.0517 | -0.561 | 162.5 | -0.562 | 0.0517 | -0.268 | 51.2% | 136 | 508 | 1.22 | 1.19 | 1.01 |
| 3.65 | 5.20 | 4.65 | 25 | 207 | 50.0% | 0.705 | 0.0544 | -0.594 | 163 | -0.594 | 0.0544 | -0.294 | 50.3% | 204 | 1,080 | 1.22 | 1.22 | 1.10 |
| 2.95 | 4.30 | 3.77 | 92 | 217 | 47.1% | 0.649 | 0.0590 | -0.651 | 164 | -0.651 | 0.0591 | -0.351 | 49.8% | 160 | 1,362 | 1.48 | 1.50 | 1.44 |
| 3.00 | 3.65 | 3.00 | 348 | 4,938 | 53.6% | 0.589 | 0.0624 | -0.691 | 165 | -0.692 | 0.0624 | -0.411 | 49.7% | 747 | 3,138 | 1.85 | 2.01 | 1.81 |
| 2.49 | 2.70 | 2.59 | 614 | 749 | 49.8% | 0.525 | 0.0641 | -0.711 | 166 | -0.711 | 0.0641 | -0.475 | 49.6% | 326 | 543 | 2.28 | 2.48 | 2.24 |
| 1.94 | 2.25 | 2.14 | 1,566 | 438 | 50.2% | 0.461 | 0.0639 | -0.707 | 167 | -0.707 | 0.0640 | -0.539 | 50.8% | 202 | 440 | 2.86 | 3.10 | 2.68 |
| 1.73 | 1.97 | 1.76 | 662 | 293 | 49.7% | 0.430 | 0.0632 | -0.697 | 167.5 | -0.697 | 0.0632 | -0.570 | 50.3% | 142 | 284 | 3.10 | 3.30 | 3.00 |
| 1.55 | 1.78 | 1.66 | 638 | 546 | 49.0% | 0.399 | 0.0620 | -0.681 | 168 | -0.681 | 0.0620 | -0.601 | 47.0% | 292 | 390 | 3.02 | 3.80 | 2.79 |
| 1.22 | 1.43 | 1.23 | 1,348 | 530 | 49.2% | 0.341 | 0.0585 | -0.636 | 169 | -0.636 | 0.0585 | -0.659 | 52.6% | 180 | 416 | 4.20 | 4.50 | 3.90 |
| 1.02 | 1.14 | 1.10 | 2,168 | 996 | 50.4% | 0.287 | 0.0539 | -0.578 | 170 | -0.578 | 0.0539 | -0.713 | 55.0% | 92 | 97 | 4.76 | 5.40 | 4.60 |
| 0.77 | 0.94 | 0.84 | 418 | 487 | 51.7% | 0.240 | 0.0486 | -0.513 | 171 | -0.513 | 0.0486 | -0.760 | 67.5% | 41 | 103 | 4.84 | 7.55 | 4.95 |
| 0.65 | 0.74 | 0.75 | 304 | 471 | 52.3% | 0.199 | 0.0430 | -0.447 | 172 | -0.447 | 0.0430 | -0.801 | 62.0% | 3 | 7 | 6.15 | 8.25 | 5.30 |
| 0.59 | 0.68 | 0.62 | 398 | 391 | 53.1% | 0.180 | 0.0402 | -0.415 | 172.5 | -0.415 | 0.0403 | -0.820 | 53.6% | 12 | 19 | 5.35 | 8.70 | 5.05 |
| 0.50 | 0.61 | 0.57 | 387 | 251 | 53.1% | 0.164 | 0.0375 | -0.383 | 173 | -0.384 | 0.0375 | -0.836 | 57.0% | 12 | 5 | 6.66 | 9.30 | 5.50 |
| 0.40 | 0.48 | 0.45 | 324 | 204 | 54.0% | 0.135 | 0.0323 | -0.325 | 174 | -0.325 | 0.0324 | -0.865 | 60.5% | 3 | 1 | 6.59 | 9.45 | 7.25 |
| 0.30 | 0.39 | 0.34 | 834 | 811 | 55.5% | 0.111 | 0.0276 | -0.274 | 175 | -0.274 | 0.0277 | -0.889 | 66.3% | 1 | 7.55 | 10.45 | 8.30 | |
| 0.22 | 0.72 | 0.33 | 469 | 130 | 64.3% | 0.091 | 0.0235 | -0.230 | 176 | -0.230 | 0.0235 | -0.909 | 35.5% | 0.00 | 10.65 | 8.85 | ||
| 0.20 | 0.27 | 0.24 | 153 | 351 | 57.5% | 0.075 | 0.0200 | -0.193 | 177 | -0.192 | 0.0200 | -0.925 | 58.6% | 13 | 9.45 | 11.95 | 10.00 | |
| 0.15 | 0.25 | 0.25 | 32 | 100 | 57.4% | 0.069 | 0.0184 | -0.177 | 177.5 | -0.176 | 0.0184 | -0.932 | 0.0% | 5 | 12.14 | 12.30 | 10.00 | |
| 0.12 | 0.23 | 0.19 | 172 | 1,023 | 57.6% | 0.062 | 0.0169 | -0.162 | 178 | -0.161 | 0.0169 | -0.938 | 0.0% | 1 | 12.49 | 13.10 | 10.15 | |
How this is calculated: Options Chain methodology
