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
51.2%
166 strike
EXPECTED MOVE
$7.20
ATM straddle
MAX PAIN
$159.00
-4.3%
PUT/CALL VOLUME
0.83
17,051 / 20,508
OCT 30, 2026 CHAIN
| CALLS | PUTS | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid | Ask | Last | Vol | OI | IV | Delta | Gamma | Theta | Strike | Theta | Gamma | Delta | IV | OI | Vol | Last | Ask | Bid |
| 13.40 | 15.10 | 15.15 | 16 | 175 | 62.2% | 0.921 | 0.0141 | -0.171 | 152.5 | -0.173 | 0.0141 | -0.079 | 59.0% | 140 | 116 | 0.42 | 0.61 | 0.11 |
| 12.85 | 14.75 | 13.76 | 578 | 783 | 62.2% | 0.915 | 0.0150 | -0.181 | 153 | -0.183 | 0.0150 | -0.085 | 55.5% | 473 | 89 | 0.40 | 0.47 | 0.16 |
| 11.40 | 14.25 | 13.60 | 567 | 692 | 59.4% | 0.901 | 0.0171 | -0.202 | 154 | -0.204 | 0.0171 | -0.098 | 58.4% | 348 | 268 | 0.42 | 0.54 | 0.44 |
| 10.60 | 12.80 | 12.34 | 122 | 1,003 | 51.6% | 0.886 | 0.0194 | -0.225 | 155 | -0.227 | 0.0194 | -0.114 | 56.3% | 2,085 | 1,427 | 0.50 | 0.60 | 0.48 |
| 9.70 | 11.95 | 12.64 | 45 | 168 | 51.9% | 0.867 | 0.0218 | -0.251 | 156 | -0.252 | 0.0219 | -0.132 | 56.1% | 759 | 216 | 0.64 | 0.98 | 0.35 |
| 9.25 | 10.75 | 9.98 | 29 | 248 | 52.8% | 0.846 | 0.0245 | -0.277 | 157 | -0.279 | 0.0246 | -0.153 | 55.3% | 559 | 339 | 1.12 | 0.84 | 0.74 |
| 8.80 | 10.40 | 9.60 | 46 | 178 | 53.3% | 0.835 | 0.0259 | -0.291 | 157.5 | -0.293 | 0.0260 | -0.165 | 54.9% | 296 | 57 | 0.87 | 0.90 | 0.82 |
| 7.85 | 10.05 | 10.07 | 29 | 202 | 47.6% | 0.822 | 0.0274 | -0.306 | 158 | -0.307 | 0.0274 | -0.178 | 54.4% | 578 | 252 | 0.93 | 1.00 | 0.85 |
| 7.05 | 9.35 | 9.71 | 10 | 372 | 49.2% | 0.795 | 0.0303 | -0.334 | 159 | -0.336 | 0.0303 | -0.205 | 53.8% | 560 | 195 | 1.11 | 1.16 | 1.06 |
| 6.70 | 8.20 | 8.06 | 122 | 1,057 | 49.9% | 0.764 | 0.0332 | -0.363 | 160 | -0.365 | 0.0332 | -0.236 | 53.1% | 1,744 | 4,140 | 1.28 | 1.37 | 1.25 |
| 5.95 | 7.75 | 7.87 | 21 | 610 | 52.4% | 0.730 | 0.0359 | -0.391 | 161 | -0.392 | 0.0360 | -0.270 | 51.0% | 460 | 131 | 1.14 | 1.90 | 1.02 |
| 5.25 | 7.15 | 7.10 | 13 | 761 | 53.1% | 0.693 | 0.0385 | -0.416 | 162 | -0.418 | 0.0386 | -0.307 | 51.8% | 283 | 125 | 1.82 | 1.97 | 1.75 |
| 4.85 | 5.75 | 5.38 | 89 | 679 | 49.2% | 0.654 | 0.0407 | -0.438 | 163 | -0.440 | 0.0408 | -0.346 | 51.5% | 279 | 372 | 2.14 | 2.22 | 2.05 |
| 4.40 | 5.65 | 6.00 | 98 | 247 | 54.3% | 0.612 | 0.0424 | -0.456 | 164 | -0.458 | 0.0425 | -0.388 | 51.4% | 642 | 448 | 2.30 | 2.60 | 2.43 |
| 3.80 | 4.40 | 4.45 | 493 | 1,662 | 49.1% | 0.569 | 0.0436 | -0.469 | 165 | -0.470 | 0.0437 | -0.432 | 51.5% | 447 | 847 | 3.09 | 3.05 | 2.86 |
| 3.60 | 3.80 | 3.70 | 339 | 554 | 51.3% | 0.525 | 0.0442 | -0.476 | 166 | -0.477 | 0.0443 | -0.476 | 51.1% | 686 | 273 | 3.42 | 3.70 | 3.30 |
| 3.10 | 3.35 | 3.26 | 909 | 300 | 51.7% | 0.481 | 0.0442 | -0.476 | 167 | -0.478 | 0.0443 | -0.520 | 54.0% | 509 | 457 | 3.85 | 4.85 | 3.40 |
| 2.64 | 2.91 | 2.83 | 818 | 1,169 | 51.7% | 0.437 | 0.0435 | -0.472 | 168 | -0.473 | 0.0437 | -0.563 | 52.0% | 208 | 175 | 4.17 | 4.85 | 4.25 |
| 2.29 | 2.54 | 2.43 | 261 | 4,476 | 52.0% | 0.396 | 0.0423 | -0.462 | 169 | -0.463 | 0.0425 | -0.605 | 49.4% | 92 | 62 | 4.65 | 5.85 | 4.10 |
| 2.00 | 2.21 | 2.17 | 2,184 | 3,269 | 52.5% | 0.356 | 0.0407 | -0.447 | 170 | -0.448 | 0.0408 | -0.645 | 51.6% | 429 | 298 | 5.50 | 6.20 | 5.35 |
| 1.79 | 2.00 | 1.71 | 275 | 302 | 53.6% | 0.319 | 0.0386 | -0.428 | 171 | -0.429 | 0.0388 | -0.682 | 54.6% | 30 | 51 | 6.82 | 7.45 | 5.85 |
| 1.54 | 1.65 | 1.60 | 489 | 339 | 53.3% | 0.284 | 0.0364 | -0.407 | 172 | -0.408 | 0.0365 | -0.717 | 53.6% | 29 | 292 | 7.60 | 8.10 | 6.50 |
| 1.42 | 1.59 | 1.77 | 136 | 210 | 54.0% | 0.268 | 0.0352 | -0.395 | 172.5 | -0.396 | 0.0353 | -0.733 | 54.5% | 14 | 3 | 8.81 | 8.90 | 6.55 |
| 1.33 | 1.47 | 1.40 | 76 | 229 | 54.3% | 0.253 | 0.0339 | -0.384 | 173 | -0.384 | 0.0340 | -0.749 | 51.2% | 2 | 1 | 9.30 | 8.80 | 7.05 |
| 1.15 | 1.28 | 1.21 | 217 | 2,912 | 55.0% | 0.224 | 0.0314 | -0.359 | 174 | -0.359 | 0.0315 | -0.777 | 58.6% | 807 | 2 | 9.54 | 10.30 | 7.90 |
| 0.99 | 1.08 | 1.03 | 879 | 3,026 | 55.3% | 0.198 | 0.0289 | -0.334 | 175 | -0.334 | 0.0290 | -0.803 | 53.1% | 19 | 17 | 8.59 | 10.50 | 9.20 |
| 0.85 | 0.94 | 0.85 | 207 | 288 | 56.0% | 0.175 | 0.0264 | -0.309 | 176 | -0.309 | 0.0265 | -0.826 | 61.5% | 801 | 1 | 11.85 | 12.10 | 9.60 |
| 0.75 | 0.83 | 0.85 | 97 | 121 | 57.0% | 0.155 | 0.0241 | -0.285 | 177 | -0.284 | 0.0241 | -0.847 | 59.1% | 1 | 4 | 11.50 | 12.60 | 10.55 |
| 0.68 | 0.79 | 0.93 | 127 | 155 | 57.4% | 0.145 | 0.0229 | -0.273 | 177.5 | -0.272 | 0.0230 | -0.856 | 60.3% | 1 | 10 | 11.99 | 13.10 | 11.00 |
| 0.40 | 1.00 | 0.75 | 42 | 176 | 58.1% | 0.137 | 0.0218 | -0.262 | 178 | -0.261 | 0.0219 | -0.865 | 58.2% | 6 | 11.65 | 13.95 | 10.85 | |
| 0.29 | 0.64 | 0.62 | 203 | 138 | 54.6% | 0.120 | 0.0198 | -0.239 | 179 | -0.238 | 0.0198 | -0.881 | 58.7% | 0.00 | 14.20 | 12.40 | ||
How this is calculated: Options Chain methodology
