USO Options History — June 2024

In June 2024, USO traded between $71.07 and $79.94. ATM implied volatility averaged 23.5%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 2.9% (HV 20d: 26.4%). Max pain ranged from $71.00 to $77.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.63.

Notable Days

2024-06-14: Highest Volume — 49,386 contracts
2024-06-06: Largest IV drop — 6.0% change
2024-06-03: Highest IV Rank — 34.1%
2024-06-03: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$76.39	$71.07	$79.94	$71.81	$79.55
Max Pain	$73.47	$71.00	$77.00	$77.00	$74.00
ATM IV	23.5%	21.6%	27.5%	27.5%	24.0%
Expected Move	6.8%	6.2%	8.1%	8.1%	6.7%
HV 20d	26.4%	24.0%	28.0%	24.1%	24.7%
HV 60d	21.5%	21.0%	21.9%	21.2%	21.5%
IV Rank	15.7%	7.1%	34.1%	34.1%	17.9%
IV Percentile	7.1%	0.4%	34.5%	34.5%	8.3%
Term Structure	0.3%	-0.1%	0.8%	-0.1%	0.2%
VWIV	23.7%	21.4%	27.7%	27.7%	24.6%
Skew 25d	2.3%	0.3%	5.3%	5.3%	0.3%
Skew 10d	4.7%	0.4%	10.9%	10.9%	0.4%
Call IV 25d	22.8%	21.0%	25.6%	25.2%	24.6%
Put IV 25d	25.1%	22.9%	30.5%	30.5%	24.9%
Bid-Ask Spread %	43.33	20.94	58.17	42.47	43.70
Gamma HHI	0.21	0.07	0.38	0.07	0.38
Net GEX	21.2M	-4.1M	47.0M	-4.1M	31.6M
Net DEX	-267.9M	-488.1M	64.6M	64.6M	-427.5M
Net VEX	-1.5M	-1.7M	-1.4M	-1.4M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.17	1.36	0.56	1.36
Total Volume	26,321.895	9,738	49,386	41,868	14,422
Total OI	255,545.263	212,169	280,335	241,548	222,171

Daily Data (19 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
2024-06-03	$71.81	$77.00	27.5%	8.1%	24.1%	34.1%	27.7%	5.3%	-0.1%	-4.1M	64.6M	-1.4M	0.56	42.47	26,788	15,080	154,749	86,799
2024-06-04	$71.07	$76.00	27.4%	8.1%	24.0%	33.8%	27.6%	4.7%	-0.0%	-2.3M	51.0M	-1.4M	0.47	33.31	21,445	10,175	169,098	87,022
2024-06-05	$71.88	$75.00	26.1%	7.6%	24.5%	27.6%	27.2%	3.3%	-0.1%	6.2M	-30.9M	-1.5M	0.38	39.84	12,517	4,816	179,349	88,168
2024-06-06	$73.27	$71.00	24.5%	7.3%	25.4%	20.4%	25.7%	2.6%	0.4%	6.9M	-115.1M	-1.5M	0.26	48.45	18,684	4,826	172,520	86,871
2024-06-07	$73.03	$72.00	23.9%	7.1%	25.3%	17.8%	24.2%	2.6%	0.6%	3.0M	-91.7M	-1.4M	1.03	42.58	17,117	17,638	174,942	87,192
2024-06-10	$75.47	$72.00	23.2%	6.7%	27.8%	14.2%	22.9%	2.6%	0.2%	18.5M	-229.9M	-1.5M	0.70	37.68	18,302	12,837	175,281	91,824
2024-06-11	$75.59	$73.00	23.1%	6.7%	27.5%	13.7%	22.6%	2.6%	0.1%	15.3M	-222.5M	-1.5M	0.30	51.12	23,922	7,063	180,589	96,954
2024-06-12	$75.94	$73.00	22.3%	6.4%	27.1%	10.0%	21.4%	2.6%	-0.1%	17.4M	-250.0M	-1.5M	0.29	58.17	26,971	7,896	179,204	98,575
2024-06-13	$75.85	$73.00	22.1%	6.4%	27.0%	9.2%	22.2%	2.7%	0.2%	14.8M	-232.7M	-1.5M	0.56	30.27	20,498	11,569	174,539	98,121
2024-06-14	$76.18	$73.00	22.2%	6.5%	26.9%	9.8%	22.0%	2.3%	0.5%	14.7M	-266.2M	-1.6M	0.31	49.85	37,683	11,703	174,476	102,309
2024-06-17	$77.85	$73.00	22.4%	6.4%	27.8%	10.5%	22.0%	2.0%	-0.0%	31.2M	-359.1M	-1.6M	0.17	50.33	36,864	6,185	172,075	104,031
2024-06-18	$78.66	$73.00	21.6%	6.2%	28.0%	7.1%	21.9%	1.8%	0.1%	43.2M	-450.8M	-1.7M	0.32	56.58	19,535	6,209	177,135	103,200
2024-06-20	$79.38	$73.00	22.1%	6.3%	27.9%	9.1%	22.6%	1.7%	0.4%	47.0M	-488.1M	-1.6M	1.10	38.40	10,956	12,085	174,659	101,004
2024-06-21	$78.69	$73.00	21.8%	6.2%	27.4%	8.0%	22.0%	1.5%	0.5%	29.1M	-400.9M	-1.6M	0.71	20.94	13,085	9,320	175,874	103,281
2024-06-24	$79.73	$74.00	22.6%	6.4%	27.4%	11.4%	23.1%	1.4%	0.8%	33.2M	-435.7M	-1.5M	0.68	42.73	5,810	3,928	129,545	82,624
2024-06-25	$78.84	$73.00	22.8%	6.4%	27.7%	12.4%	22.8%	2.0%	0.4%	30.7M	-376.7M	-1.5M	0.97	48.77	5,941	5,735	131,205	83,198
2024-06-26	$78.72	$74.00	23.3%	6.6%	25.5%	14.7%	23.5%	1.5%	0.5%	31.0M	-371.4M	-1.5M	1.20	45.88	5,502	6,589	131,671	85,972
2024-06-27	$79.94	$74.00	23.7%	6.7%	25.4%	16.6%	23.9%	0.8%	0.4%	35.4M	-457.5M	-1.5M	0.68	42.15	6,195	4,225	131,942	87,191
2024-06-28	$79.55	$74.00	24.0%	6.7%	24.7%	17.9%	24.6%	0.3%	0.2%	31.6M	-427.5M	-1.5M	1.36	43.70	6,103	8,319	133,532	88,639