USO Options History — May 2024 In May 2024, USO traded between $74.45 and $77.73. ATM implied volatility averaged 25.0%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 5.8% (HV 20d: 19.2%). Max pain ranged from $77.00 to $80.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.56.
Notable Days 2024-05-01 : Highest Volume — 40,642 contracts2024-05-31 : Largest IV spike — 5.0% change2024-05-31 : Highest IV Rank — 33.6%2024-05-31 : Largest Expected Move — 7.8%Monthly Statistics Metric Avg Min Max Open Close Price $75.85 $74.45 $77.73 $76.05 $74.73 Max Pain $78.00 $77.00 $80.00 $79.00 $77.00 ATM IV 25.0% 23.4% 27.4% 26.0% 27.4% Expected Move 7.1% 6.7% 7.8% 7.5% 7.8% HV 20d 19.2% 17.4% 21.8% 19.9% 19.9% HV 60d 19.3% 18.4% 20.3% 20.3% 19.6% IV Rank 22.6% 15.1% 33.6% 27.2% 33.6% IV Percentile 8.8% 0.8% 33.3% 13.1% 33.3% Term Structure 0.0% -0.7% 0.8% 0.1% -0.5% VWIV 25.0% 23.9% 27.1% 26.6% 27.1% Skew 25d 2.9% 1.6% 4.9% 2.8% 4.9% Skew 10d 6.5% 3.9% 10.3% 6.6% 10.3% Call IV 25d 24.1% 22.6% 25.5% 25.1% 25.5% Put IV 25d 27.0% 25.0% 30.4% 27.8% 30.4% Bid-Ask Spread % 37.88 30.35 49.62 47.47 37.41 Gamma HHI 0.12 0.07 0.34 0.07 0.10 Net GEX 7.1M -18.0M 39.2M -2.1M 1.2M Net DEX -107.8M -338.0M 61.0M 3.5M -67.8M Net VEX -1.8M -2.0M -1.6M -1.9M -1.6M Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.56 0.13 1.37 0.60 0.75 Total Volume 22,996.045 9,915 40,642 40,642 16,602 Total OI 308,555.318 233,597 366,227 329,462 265,398
Daily Data (22 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Vol Put Vol Call OI Put OI 2024-05-01 $76.05 $79.00 26.0% 7.5% 19.9% 27.2% 26.6% 2.8% 0.1% -2.1M 3.5M -1.9M 0.60 47.47 25,403 15,239 225,642 103,820 2024-05-02 $75.93 $79.00 25.5% 7.3% 19.1% 24.9% 25.7% 2.8% 0.1% -1.1M 5.1M -1.8M 0.79 49.62 10,309 8,140 223,608 101,042 2024-05-03 $75.06 $79.00 25.5% 7.2% 19.1% 24.7% 25.5% 3.0% 0.2% -12.4M 61.0M -1.7M 0.59 49.62 14,395 8,452 226,250 103,751 2024-05-06 $75.56 $80.00 26.1% 7.2% 19.5% 27.6% 24.1% 2.7% -0.5% -2.4M 3.0M -1.8M 0.40 34.09 15,398 6,225 228,431 105,838 2024-05-07 $75.48 $80.00 25.6% 7.2% 19.1% 25.3% 24.7% 2.8% -0.5% -3.0M -3.2M -1.8M 0.22 36.31 30,903 6,708 236,292 109,331 2024-05-08 $76.12 $80.00 25.1% 7.0% 18.9% 23.2% 24.3% 1.9% 0.1% 12.6M -82.7M -1.9M 0.17 30.35 31,218 5,392 240,680 111,322 2024-05-09 $76.50 $79.00 24.7% 7.1% 19.1% 21.2% 24.5% 2.1% 0.4% 9.9M -131.4M -1.9M 0.13 33.75 24,976 3,289 242,870 109,865 2024-05-10 $75.41 $79.00 24.7% 7.1% 19.5% 21.4% 24.8% 1.6% 0.4% 1.1M -33.5M -1.9M 0.27 31.33 30,486 8,256 250,076 111,174 2024-05-13 $76.19 $78.00 24.8% 7.0% 20.1% 21.8% 24.5% 2.1% -0.3% 8.1M -122.3M -2.0M 0.16 35.04 19,984 3,293 245,607 108,816 2024-05-14 $75.19 $78.00 25.6% 7.3% 20.3% 25.3% 25.4% 3.0% -0.1% -2.5M -38.3M -1.9M 0.63 32.80 6,094 3,821 253,276 109,434 2024-05-15 $75.80 $78.00 24.6% 6.9% 17.9% 20.9% 24.5% 2.8% -0.7% 1.0M -96.1M -1.8M 0.52 37.79 17,445 9,131 255,431 109,968 2024-05-16 $76.27 $77.00 24.4% 6.9% 18.1% 19.7% 24.1% 2.8% -0.1% 5.8M -152.9M -1.8M 0.59 44.46 8,293 4,866 255,858 108,607 2024-05-17 $77.03 $77.00 23.4% 6.7% 18.5% 15.1% 23.9% 2.4% 0.1% -18.0M -223.5M -1.9M 0.62 41.04 11,663 7,212 256,679 109,548 2024-05-20 $76.73 $77.00 24.0% 6.9% 18.5% 18.1% 24.1% 2.4% 0.3% 22.3M -230.4M -1.8M 0.55 38.12 10,064 5,538 154,279 79,318 2024-05-21 $76.13 $77.00 23.7% 6.8% 17.5% 16.8% 24.8% 2.5% 0.5% 18.9M -199.8M -1.8M 0.46 37.71 8,874 4,115 159,570 81,486 2024-05-22 $74.91 $77.00 24.3% 7.0% 18.1% 19.1% 24.7% 3.0% 0.8% 8.3M -111.2M -1.7M 0.72 36.18 13,323 9,656 161,598 83,025 2024-05-23 $74.45 $77.00 25.1% 7.2% 17.4% 23.1% 25.7% 3.6% 0.4% 7.2M -86.6M -1.6M 0.43 43.59 15,170 6,552 159,622 83,572 2024-05-24 $75.31 $77.00 24.2% 6.9% 18.2% 18.9% 24.4% 3.7% 0.7% 15.3M -145.0M -1.7M 0.74 30.59 15,058 11,114 165,162 85,162 2024-05-28 $77.73 $77.00 24.3% 6.8% 21.8% 19.2% 24.6% 3.5% 0.0% 39.2M -338.0M -1.7M 0.38 35.88 14,292 5,417 164,900 88,028 2024-05-29 $76.66 $77.00 24.9% 7.0% 21.8% 22.4% 25.4% 3.9% -0.2% 32.6M -244.0M -1.6M 1.29 32.79 7,327 9,423 166,268 89,426 2024-05-30 $75.47 $77.00 26.1% 7.4% 19.6% 27.6% 26.1% 4.4% -0.2% 15.1M -137.3M -1.6M 1.37 37.33 7,095 9,702 165,304 92,883 2024-05-31 $74.73 $77.00 27.4% 7.8% 19.9% 33.6% 27.1% 4.9% -0.5% 1.2M -67.8M -1.6M 0.75 37.41 9,495 7,107 167,078 98,320
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