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
50.3%
166 strike
EXPECTED MOVE
$11.65
ATM straddle
MAX PAIN
$157.50
-5.3%
PUT/CALL VOLUME
0.72
6,507 / 9,035
NOV 6, 2026 CHAIN
| CALLS | PUTS | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid | Ask | Last | Vol | OI | IV | Delta | Gamma | Theta | Strike | Theta | Gamma | Delta | IV | OI | Vol | Last | Ask | Bid |
| 14.15 | 16.25 | 15.20 | 92 | 54 | 53.0% | 0.833 | 0.0159 | -0.173 | 152.5 | -0.175 | 0.0159 | -0.166 | 55.0% | 59 | 62 | 1.50 | 1.71 | 1.30 |
| 14.30 | 15.95 | 15.70 | 37 | 182 | 57.4% | 0.825 | 0.0164 | -0.178 | 153 | -0.180 | 0.0165 | -0.174 | 52.3% | 145 | 224 | 1.53 | 1.60 | 1.20 |
| 13.10 | 15.80 | 17.00 | 111 | 58.5% | 0.808 | 0.0176 | -0.189 | 154 | -0.190 | 0.0176 | -0.191 | 53.2% | 154 | 61 | 1.63 | 2.01 | 1.34 | |
| 11.80 | 14.75 | 15.25 | 20 | 292 | 53.5% | 0.790 | 0.0186 | -0.199 | 155 | -0.200 | 0.0187 | -0.209 | 53.2% | 689 | 394 | 1.81 | 1.97 | 1.82 |
| 11.65 | 14.10 | 10.65 | 130 | 57.5% | 0.770 | 0.0197 | -0.209 | 156 | -0.210 | 0.0198 | -0.229 | 54.1% | 179 | 57 | 2.22 | 2.67 | 1.78 | |
| 11.20 | 12.30 | 11.67 | 1 | 131 | 53.0% | 0.750 | 0.0208 | -0.219 | 157 | -0.220 | 0.0208 | -0.249 | 51.2% | 166 | 141 | 2.43 | 2.45 | 2.02 |
| 10.50 | 12.35 | 12.34 | 2 | 61 | 53.4% | 0.739 | 0.0213 | -0.224 | 157.5 | -0.225 | 0.0213 | -0.260 | 52.5% | 135 | 39 | 2.25 | 2.59 | 2.41 |
| 10.50 | 11.95 | 12.04 | 10 | 139 | 54.9% | 0.728 | 0.0218 | -0.228 | 158 | -0.230 | 0.0218 | -0.271 | 52.4% | 611 | 94 | 2.59 | 2.73 | 2.55 |
| 9.35 | 11.75 | 10.70 | 2 | 185 | 54.9% | 0.705 | 0.0227 | -0.237 | 159 | -0.239 | 0.0228 | -0.294 | 52.4% | 170 | 146 | 2.73 | 3.05 | 2.84 |
| 8.90 | 10.20 | 9.63 | 23 | 613 | 51.5% | 0.682 | 0.0236 | -0.246 | 160 | -0.247 | 0.0236 | -0.318 | 52.0% | 250 | 549 | 3.26 | 3.50 | 3.20 |
| 8.65 | 9.25 | 8.20 | 3 | 151 | 51.9% | 0.657 | 0.0243 | -0.253 | 161 | -0.254 | 0.0244 | -0.342 | 55.0% | 453 | 610 | 3.45 | 4.35 | 3.50 |
| 7.70 | 8.65 | 8.88 | 4 | 384 | 50.4% | 0.632 | 0.0250 | -0.260 | 162 | -0.261 | 0.0250 | -0.368 | 52.2% | 186 | 90 | 4.00 | 4.15 | 3.90 |
| 7.40 | 8.00 | 7.50 | 11 | 311 | 51.4% | 0.606 | 0.0255 | -0.266 | 163 | -0.267 | 0.0256 | -0.394 | 52.5% | 76 | 10 | 4.20 | 5.45 | 3.50 |
| 6.90 | 7.50 | 6.90 | 42 | 176 | 51.9% | 0.580 | 0.0259 | -0.270 | 164 | -0.271 | 0.0260 | -0.420 | 55.3% | 234 | 66 | 4.85 | 5.70 | 4.75 |
| 6.25 | 7.70 | 6.96 | 461 | 565 | 54.6% | 0.554 | 0.0262 | -0.274 | 165 | -0.275 | 0.0262 | -0.446 | 51.3% | 204 | 222 | 4.92 | 5.45 | 5.05 |
| 5.25 | 6.85 | 6.90 | 108 | 540 | 50.9% | 0.527 | 0.0263 | -0.276 | 166 | -0.277 | 0.0264 | -0.472 | 49.7% | 34 | 99 | 5.84 | 6.05 | 5.15 |
| 5.60 | 5.85 | 5.77 | 379 | 649 | 52.2% | 0.501 | 0.0263 | -0.278 | 167 | -0.278 | 0.0264 | -0.499 | 49.3% | 54 | 104 | 6.02 | 6.50 | 5.55 |
| 5.20 | 5.45 | 5.30 | 508 | 419 | 52.2% | 0.475 | 0.0262 | -0.278 | 168 | -0.278 | 0.0263 | -0.525 | 52.7% | 157 | 9 | 6.61 | 7.85 | 6.10 |
| 4.80 | 5.00 | 5.05 | 441 | 106 | 52.7% | 0.450 | 0.0260 | -0.277 | 169 | -0.277 | 0.0260 | -0.550 | 53.0% | 68 | 19 | 7.50 | 8.40 | 6.75 |
| 4.45 | 4.65 | 4.51 | 689 | 1,716 | 53.1% | 0.425 | 0.0256 | -0.275 | 170 | -0.275 | 0.0257 | -0.575 | 52.3% | 59 | 31 | 7.85 | 9.15 | 7.05 |
| 3.55 | 4.70 | 4.14 | 118 | 83 | 52.7% | 0.401 | 0.0252 | -0.272 | 171 | -0.272 | 0.0252 | -0.599 | 53.5% | 0.00 | 9.95 | 7.75 | ||
| 3.75 | 4.50 | 4.20 | 192 | 48 | 55.9% | 0.377 | 0.0246 | -0.268 | 172 | -0.268 | 0.0247 | -0.623 | 55.1% | 10 | 9.29 | 10.60 | 8.75 | |
| 3.00 | 4.40 | 4.01 | 154 | 29 | 53.6% | 0.366 | 0.0243 | -0.266 | 172.5 | -0.266 | 0.0244 | -0.634 | 52.8% | 1 | 10.15 | 10.65 | 8.85 | |
| 3.40 | 4.20 | 4.07 | 208 | 118 | 56.0% | 0.355 | 0.0240 | -0.264 | 173 | -0.264 | 0.0241 | -0.645 | 56.1% | 1 | 10.60 | 11.40 | 9.50 | |
| 3.15 | 3.45 | 3.30 | 202 | 25 | 54.3% | 0.333 | 0.0233 | -0.258 | 174 | -0.258 | 0.0234 | -0.667 | 56.0% | 1 | 10 | 11.35 | 12.40 | 9.85 |
| 2.90 | 3.10 | 3.00 | 289 | 742 | 54.2% | 0.312 | 0.0226 | -0.253 | 175 | -0.253 | 0.0227 | -0.688 | 53.8% | 2 | 19 | 11.45 | 12.30 | 10.90 |
| 2.29 | 2.90 | 2.51 | 544 | 45 | 52.8% | 0.292 | 0.0218 | -0.246 | 176 | -0.246 | 0.0219 | -0.708 | 55.0% | 0.00 | 13.70 | 11.20 | ||
| 2.04 | 2.71 | 2.94 | 592 | 70 | 53.1% | 0.274 | 0.0210 | -0.239 | 177 | -0.239 | 0.0211 | -0.727 | 55.5% | 1 | 12.62 | 14.20 | 12.30 | |
| 2.35 | 2.55 | 2.84 | 137 | 21 | 55.1% | 0.265 | 0.0206 | -0.236 | 177.5 | -0.236 | 0.0207 | -0.736 | 53.6% | 0.00 | 14.35 | 12.55 | ||
| 2.25 | 2.81 | 2.72 | 369 | 101 | 57.2% | 0.256 | 0.0202 | -0.233 | 178 | -0.232 | 0.0202 | -0.745 | 55.1% | 10 | 14.12 | 14.95 | 13.00 | |
| 2.06 | 2.58 | 2.35 | 140 | 7 | 57.3% | 0.239 | 0.0193 | -0.225 | 179 | -0.225 | 0.0194 | -0.761 | 53.9% | 0.00 | 15.60 | 13.70 | ||
How this is calculated: Options Chain methodology
