USO option chain United States Oil Fund, LP

Expiration Cboe delayed options data · as of 12:42 UTC

Each row is one strike. The left half is the call, the right half the put. Bid/ask are what buyers and sellers currently quote; volume is contracts traded this session; open interest is standing contracts. The highlighted row sits closest to the stock price.

This expiration prices a move of about ±11.4% (142.01–178.71) · ATM IV 46.2% · P/C open interest 0.98

CALLS								Strike	PUTS
Bid	Ask	Vol	OIThe number of option contracts currently outstanding at a strike or expiration. High open interest shows where positions are concentrated.	IV	ΔModel sensitivity of an option's price to a $1 move in the stock; also used as a rough moneyness scale (a 25-delta option is well out of the money).	Γ	Θ		Bid	Ask	Vol	OI	IV	Δ	Γ	Θ
75.65	78.30		22	99.1%	0.99	0.0004	-0.010	85	0	0.0800	2	932	79.9%	-0.01	0.0003	-0.008
70.70	73.35		8	93.4%	0.99	0.0005	-0.011	90	0	0.1700		2,305	79.9%	-0.01	0.0004	-0.010
64.90	68.40		198		0.99	0.0006	-0.012	95	0.0300	0.1000	2	135	70.9%	-0.01	0.0006	-0.011
59.95	64.05	8	55	76.0%	0.99	0.0008	-0.014	100	0.1000	0.1400	490	6,323	69.8%	-0.01	0.0008	-0.013
56.00	57.60	10	29	47.7%	0.98	0.0011	-0.016	105	0.0900	0.3700	29	1,438	69.8%	-0.01	0.0010	-0.016
50.50	53.60	8	439	63.4%	0.98	0.0015	-0.020	110	0.1900	0.2300	552	12.3K	62.3%	-0.02	0.0014	-0.019
45.60	48.10	48	361	41.7%	0.97	0.0020	-0.024	115	0.2900	0.5200	124	3,670	62.6%	-0.03	0.0020	-0.024
44.65	48.05	1	10	64.1%	0.97	0.0021	-0.025	116	0.2500	0.5500	112	414	61.1%	-0.03	0.0021	-0.025
44.10	46.75		52	64.4%	0.97	0.0023	-0.026	117	0.0800	0.3800	5	157	54.3%	-0.03	0.0023	-0.026
42.70	45.25	26	122	48.7%	0.97	0.0024	-0.028	118	0.3500	0.4100	21	344	57.9%	-0.03	0.0024	-0.028
42.25	44.80		2	63.5%	0.96	0.0026	-0.029	119	0.3200	0.6400	27	197	59.2%	-0.03	0.0026	-0.029
42.10	42.95	49	131	62.0%	0.96	0.0028	-0.030	120	0.4000	0.4400	127	4,534	56.4%	-0.04	0.0028	-0.030
40.20	42.85		3	60.6%	0.96	0.0029	-0.032	121	0.3700	0.4800	4	254	55.2%	-0.04	0.0029	-0.032
39.20	41.90		5	59.6%	0.96	0.0031	-0.033	122	0.4000	0.7300	26	277	57.1%	-0.04	0.0031	-0.033
38.25	40.90		18	58.6%	0.95	0.0034	-0.035	123	0.2800	0.5600	25	488	52.5%	-0.04	0.0034	-0.035
37.30	39.95		3	58.0%	0.95	0.0036	-0.036	124	0.4700	0.5900	67	369	53.6%	-0.05	0.0036	-0.036
36.65	38.90	7	133	59.0%	0.95	0.0038	-0.038	125	0.5100	0.6100	350	3,065	52.9%	-0.05	0.0038	-0.038
35.00	37.55	1	12	48.1%	0.94	0.0041	-0.040	126	0.3600	0.6800	61	956	50.8%	-0.05	0.0041	-0.040
34.55	36.80	1	18	54.4%	0.94	0.0044	-0.042	127	0.5900	0.7200	98	179	52.0%	-0.06	0.0044	-0.042
33.50	36.15		6	55.2%	0.94	0.0046	-0.044	128	0.6400	0.7800	13	124	51.6%	-0.06	0.0046	-0.044
32.55	35.20		8	54.4%	0.93	0.0049	-0.046	129	0.6900	0.8500	42	221	51.2%	-0.07	0.0050	-0.046
31.40	33.45	34	708	45.8%	0.93	0.0053	-0.048	130	0.7200	0.8900	844	4,828	51.0%	-0.07	0.0053	-0.048
30.95	33.50	1	5	55.9%	0.92	0.0056	-0.050	131	0.8200	0.9700	81	305	50.3%	-0.08	0.0056	-0.050
29.40	32.40	1	10	50.3%	0.92	0.0060	-0.052	132	0.9100	1.04	56	457	50.0%	-0.08	0.0060	-0.053
28.80	31.50		31	51.9%	0.91	0.0063	-0.055	133	0.9600	1.12	65	247	49.4%	-0.09	0.0064	-0.055
28.70	29.55	20	31	50.1%	0.90	0.0067	-0.058	134	1.03	1.21	3	102	49.0%	-0.09	0.0068	-0.058
27.55	28.45	16	371	47.1%	0.90	0.0072	-0.060	135	1.12	1.24	642	1,577	48.2%	-0.10	0.0072	-0.060
26.60	27.95	6	48	48.7%	0.89	0.0076	-0.063	136	1.21	1.37	56	137	48.0%	-0.11	0.0076	-0.063
24.85	27.50	1	139	46.1%	0.88	0.0080	-0.066	137	1.32	1.48	31	245	47.7%	-0.12	0.0081	-0.066
24.65	25.90	24	59	45.7%	0.87	0.0085	-0.069	138	1.43	1.61	113	194	47.4%	-0.12	0.0085	-0.069
23.20	25.55	4	58	45.1%	0.87	0.0090	-0.072	139	1.56	1.70	66	251	46.9%	-0.13	0.0090	-0.072
23.40	24.25	163	1,754	47.7%	0.86	0.0095	-0.075	140	1.74	1.84	1,043	3,734	46.8%	-0.14	0.0095	-0.075
21.85	23.80		61	46.1%	0.85	0.0100	-0.078	141	1.89	2.06	136	334	46.9%	-0.15	0.0100	-0.078
21.70	23.10	4	83	49.2%	0.84	0.0105	-0.081	142	2.03	2.23	140	285	46.5%	-0.16	0.0105	-0.081
20.95	21.65	7	89	46.7%	0.82	0.0110	-0.084	143	2.23	2.37	36	353	46.3%	-0.17	0.0110	-0.085
19.85	21.35	11	27	47.2%	0.81	0.0115	-0.088	144	2.36	2.55	195	299	45.8%	-0.19	0.0116	-0.088
19.30	19.70	183	1,244	44.8%	0.80	0.0120	-0.091	145	2.62	2.80	479	1,666	46.0%	-0.20	0.0121	-0.091
18.65	19.80	4	155	48.1%	0.79	0.0125	-0.094	146	2.78	3.05	114	611	45.7%	-0.21	0.0126	-0.095
17.95	18.75	9	165	47.1%	0.77	0.0130	-0.098	147	3.00	3.25	49	343	45.3%	-0.22	0.0131	-0.098
17.20	17.85	43	362	46.4%	0.76	0.0135	-0.101	148	3.30	3.50	76	473	45.3%	-0.24	0.0136	-0.101
16.30	16.95	27	254	45.2%	0.74	0.0140	-0.104	149	3.50	3.75	46	622	44.9%	-0.25	0.0140	-0.104
15.85	16.25	2,208	7,631	45.9%	0.73	0.0144	-0.107	150	3.80	4.05	2,623	4,795	44.9%	-0.27	0.0145	-0.107
14.90	15.75	30	350	45.5%	0.71	0.0148	-0.110	151	4.25	4.40	24	371	45.3%	-0.28	0.0149	-0.110
14.50	14.90	26	395	45.7%	0.70	0.0152	-0.113	152	4.50	4.75	40	161	45.1%	-0.30	0.0153	-0.113
13.75	14.40	439	15.7K	45.7%	0.68	0.0156	-0.116	153	4.85	5.10	84	255	45.1%	-0.32	0.0156	-0.116
13.00	13.80	60	216	45.5%	0.66	0.0159	-0.118	154	5.30	5.50	30	599	45.3%	-0.33	0.0160	-0.119
12.70	13.05	1,196	1,499	45.9%	0.65	0.0162	-0.121	155	5.70	5.85	537	779	45.2%	-0.35	0.0162	-0.121
11.90	12.95	77	230	46.6%	0.63	0.0164	-0.123	156	6.00	6.35	384	374	45.2%	-0.37	0.0165	-0.123
11.45	12.15	180	557	46.3%	0.61	0.0166	-0.125	157	6.50	6.80	73	196	45.5%	-0.38	0.0167	-0.126
0	0				0.00	0.0000	0.000	157.5	0	0				0.00	0.0000	0.000
10.95	11.65	203	605	46.5%	0.60	0.0168	-0.127	158	6.95	7.25	203	246	45.5%	-0.40	0.0169	-0.127
10.25	10.90	138	207	45.5%	0.58	0.0169	-0.128	159	7.45	7.70	13	87	45.5%	-0.42	0.0170	-0.129
10.05	10.35	863	2,670	46.2%	0.56	0.0170	-0.130	160	7.95	8.35	193	512	46.2%	-0.44	0.0171	-0.130
9.50	9.90	57	573	46.2%	0.55	0.0171	-0.131	161	8.45	8.75	181	350	45.7%	-0.45	0.0172	-0.132
9.20	9.75	126	301	47.5%	0.53	0.0171	-0.132	162	9.10	9.25	213	217	46.0%	-0.47	0.0172	-0.133
8.45	9.20	104	216	46.5%	0.51	0.0170	-0.133	163	9.65	9.85	31	95	46.2%	-0.49	0.0172	-0.133
8.30	8.65	40	206	47.0%	0.49	0.0170	-0.133	164	10.20	10.75	5	55	47.0%	-0.50	0.0171	-0.134
7.75	8.15	332	1,832	46.5%	0.48	0.0169	-0.134	165	10.50	11.70	42	337	47.3%	-0.52	0.0170	-0.134
7.50	7.85	867	775	47.2%	0.46	0.0168	-0.134	166	11.35	11.85	228	211	46.9%	-0.54	0.0169	-0.135
7.15	7.50	787	477	47.4%	0.45	0.0166	-0.134	167	11.80	12.75	5	5	47.2%	-0.55	0.0168	-0.135
6.80	7.15	318	301	47.6%	0.43	0.0165	-0.133	168	12.60	13.35		8	47.6%	-0.57	0.0166	-0.134
6.50	6.80	57	255	47.7%	0.42	0.0163	-0.133	169	13.30	15.25		81	51.1%	-0.58	0.0164	-0.134
6.05	6.45	683	2,838	47.5%	0.40	0.0161	-0.132	170	14.05	14.45	63	131	47.6%	-0.60	0.0162	-0.133
5.90	6.20	183	513	48.2%	0.39	0.0158	-0.132	171	14.45	16.20		2	49.8%	-0.61	0.0160	-0.133
5.60	5.90	61	71	48.3%	0.37	0.0156	-0.131	172	15.40	16.60	53	50	49.8%	-0.63	0.0157	-0.132
5.35	5.60	80	196	48.5%	0.36	0.0153	-0.130	173	15.90	18.00	69	85	51.2%	-0.64	0.0154	-0.131
5.10	5.40	78	173	48.9%	0.35	0.0150	-0.129	174	16.75	18.25		12	50.4%	-0.65	0.0152	-0.130
4.90	5.05	381	2,557	49.0%	0.33	0.0147	-0.127	175	17.55	18.55		19	49.6%	-0.67	0.0149	-0.129
4.65	4.95	24	444	49.5%	0.32	0.0144	-0.126	176	18.15	19.25		2	49.1%	-0.68	0.0146	-0.127
3.80	4.05	334	2,621	50.2%	0.28	0.0132	-0.120	180	21.50	22.60	9	41	51.1%	-0.73	0.0134	-0.121
3.00	3.25	286	1,080	51.5%	0.23	0.0116	-0.111	185	25.55	26.65	2	21	51.6%	-0.77	0.0118	-0.113
2.40	2.59	171	1,477	52.8%	0.19	0.0101	-0.101	190	29.95	31.10	44	121	53.3%	-0.81	0.0103	-0.103
1.96	2.04	61	579	54.0%	0.16	0.0087	-0.092	195	34.25	35.80	2	104	54.6%	-0.85	0.0090	-0.094
1.60	1.73	604	2,232	55.8%	0.13	0.0075	-0.083	200	39.05	40.40	120	127	56.7%	-0.87	0.0078	-0.086
1.32	1.39	76	404	57.0%	0.11	0.0065	-0.075	205	43.50	45.40		8	58.5%	-0.90	0.0067	-0.077
1.08	1.19	93	660	58.5%	0.09	0.0056	-0.067	210	47.60	50.25		2	56.1%	-0.91	0.0058	-0.070
0.8700	1.02	74	245	59.8%	0.08	0.0048	-0.060	215	52.55	55.05		1	58.0%	-0.93	0.0050	-0.064
0.7300	1.07	40	548	62.8%	0.07	0.0041	-0.054	220	57.30	59.95			58.3%	-0.94	0.0044	-0.058
0.6300	0.7600	44	2,191	62.9%	0.06	0.0036	-0.049	225	62.45	64.80			61.7%	-0.95	0.0038	-0.053
0.5300	0.6500	15	202	64.1%	0.05	0.0031	-0.044	230	67.10	69.75			59.7%	-0.96	0.0034	-0.048
0.2900	0.7300	15	93	65.5%	0.04	0.0027	-0.040	235	72.05	74.70			60.8%	-0.97	0.0029	-0.044
0.4000	0.6700	4	368	69.0%	0.04	0.0024	-0.037	240	77.35	79.65			68.1%	-0.97	0.0026	-0.041

Strikes shown: within ±50% of the underlying price. Intrinsic value = max(0, price − strike) for calls, max(0, strike − price) for puts; extrinsic = option price − intrinsic. Greeks and IV as computed by the exchange feed.

Volatility smile — Nov 20, 2026

Volatility page →

Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.

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USO option chain United States Oil Fund, LP

Volatility smile — Nov 20, 2026

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