USO option chain United States Oil Fund, LP

Expiration Cboe delayed options data · as of 00:39 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 ±6.4% (132.15–150.15) · ATM IV 40.8% · P/C open interest 0.90

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
21.45	24.10	3		63.6%	0.96	0.0059	-0.036	119	0	2.31			75.2%	-0.04	0.0059	-0.039
20.45	23.40			64.6%	0.96	0.0066	-0.039	120	0	2.34			72.8%	-0.04	0.0066	-0.042
20.00	22.40			67.7%	0.95	0.0074	-0.042	121	0.0100	0.6000			49.7%	-0.05	0.0074	-0.045
18.55	20.85	16		54.4%	0.95	0.0082	-0.046	122	0.2500	0.5500	216		50.5%	-0.05	0.0082	-0.049
17.95	20.50	16		62.9%	0.94	0.0092	-0.051	123	0.1600	0.6800			48.8%	-0.06	0.0093	-0.053
16.75	19.55			58.9%	0.93	0.0104	-0.055	124	0	2.47			63.1%	-0.07	0.0104	-0.058
16.40	17.60	102	20	53.5%	0.92	0.0116	-0.060	125	0.1100	0.7100	21		44.1%	-0.08	0.0116	-0.063
14.95	17.05			50.9%	0.91	0.0130	-0.066	126	0.1000	0.9200			44.2%	-0.09	0.0130	-0.068
14.60	15.40			48.3%	0.90	0.0146	-0.072	127	0.1000	0.9200	1		41.9%	-0.10	0.0146	-0.074
13.70	14.10			44.0%	0.88	0.0162	-0.079	128	0.3700	0.8200	27		41.3%	-0.11	0.0162	-0.081
12.85	14.25	20		51.6%	0.87	0.0180	-0.086	129	0.1200	1.50	18	3	42.8%	-0.13	0.0180	-0.088
11.50	12.90	50	14	43.7%	0.85	0.0199	-0.093	130	0.7000	1.06	34	10	41.3%	-0.15	0.0199	-0.095
11.10	12.00	6		45.8%	0.83	0.0219	-0.101	131	0.9500	1.14			41.2%	-0.17	0.0219	-0.103
10.30	11.25			45.8%	0.81	0.0239	-0.109	132	0.9100	1.31	1	4	39.4%	-0.19	0.0239	-0.111
9.50	10.60			46.0%	0.78	0.0259	-0.117	133	1.10	1.54	12	6	39.3%	-0.22	0.0259	-0.119
7.80	9.50	1	3	38.2%	0.75	0.0278	-0.125	134	1.51	1.91	56	20	40.9%	-0.24	0.0278	-0.127
7.85	8.60	37	30	41.5%	0.73	0.0296	-0.133	135	1.72	2.07	7	3	39.8%	-0.27	0.0296	-0.134
7.30	7.95		5	42.3%	0.69	0.0312	-0.140	136	2.10	2.45	88	13	40.5%	-0.31	0.0312	-0.141
6.65	7.35	3		42.5%	0.66	0.0326	-0.146	137	2.51	2.62	13	1	39.9%	-0.34	0.0326	-0.147
6.05	6.50		2	41.4%	0.63	0.0337	-0.152	138	2.81	3.30	42	23	41.0%	-0.37	0.0337	-0.153
5.40	6.05			41.6%	0.59	0.0345	-0.156	139	2.81	3.45	35	3	37.7%	-0.41	0.0346	-0.157
4.90	5.40	9	16	41.3%	0.56	0.0350	-0.160	140	3.25	4.65	36	29	41.1%	-0.44	0.0350	-0.160
4.40	5.00	14		41.8%	0.52	0.0351	-0.162	141	4.00	4.60	59		39.8%	-0.48	0.0352	-0.162
4.00	4.50	6	2	42.0%	0.49	0.0350	-0.163	142	4.50	5.25	4	5	40.3%	-0.51	0.0351	-0.163
3.55	3.85	21		41.0%	0.45	0.0346	-0.163	143	5.05	5.70	6		39.7%	-0.55	0.0347	-0.163
3.20	3.55	2	5	41.7%	0.42	0.0339	-0.162	144	5.80	6.20	12		40.0%	-0.58	0.0340	-0.162
2.87	3.25	27	29	42.3%	0.39	0.0330	-0.160	145	6.45	7.05	16		41.1%	-0.61	0.0331	-0.160
2.50	3.10	4		43.1%	0.36	0.0319	-0.157	146	6.95	7.60	89		39.8%	-0.64	0.0321	-0.157
2.20	2.79	1	3	43.2%	0.33	0.0307	-0.153	147	7.80	8.40	22		41.1%	-0.67	0.0308	-0.153
1.95	2.40	3	4	42.8%	0.30	0.0293	-0.148	148	8.35	9.00			39.5%	-0.70	0.0295	-0.148

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 — Sep 16, 2026

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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 — Sep 16, 2026

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