What does the USO options chain show right now?

As of May 15, 2026, United States Oil Fund LP (USO) has 2.0M contracts outstanding and 198.9K traded today, with ATM IV of 70.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for USO options?

The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are USO options bid/ask spreads?

Average bid/ask spread across the chain is 20.25%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.

United States Oil Fund LP (USO) Options Chain

The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.

United States Oil Fund LP (USO) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $16.92B, listed on AMEX, carrying a beta of 2.14 to the broader market. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. public since 2006-04-10.

Snapshot as of May 15, 2026.

Spot Price: $147.89
Total OI: 2.0M
Total Volume: 198.9K
Front Expiration: 28 days
Second Expiration: 34 days
ATM IV: 70.3%
Avg Bid/Ask Spread: 20.25%

As of May 15, 2026, United States Oil Fund LP (USO) has 2.0M open contracts and 198.9K contracts traded. The nearest expiration is 28 days out, followed by 34 days. ATM implied volatility is 70.3%. Average bid/ask spread across the chain is 20.25%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How USO options chain Data Feeds Strategy Selection

Strategy selection on United States Oil Fund LP options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 70.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

Learn how the options chain is reported and how to read the data →

Frequently asked USO options chain questions

What does the USO options chain show right now?: As of May 15, 2026, United States Oil Fund LP (USO) has 2.0M contracts outstanding and 198.9K traded today, with ATM IV of 70.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for USO options?: The nearest expiration is 28 days out, followed by 34 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are USO options bid/ask spreads?: Average bid/ask spread across the chain is 20.25%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.