USO volatility United States Oil Fund, LP
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.42.7%
HV20How much the stock actually moved, measured from daily closing prices over a past window (annualized). Compare with implied volatility to see what the options market priced versus what happened.40.6%
HV6053.2%
IV − HV20 spread
+2.2pt
Universe percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history).
70
Own-history percentileWhere today's IV30 sits versus its own daily history — 80 means higher than roughly 80% of recorded observations for that period.
3/60 days recorded
Cboe delayed options data · as of 18:39 UTC · How these are computed
IV term structure
At-the-money implied volatility for each listed expiration, plotted by days remaining.
| Expires | DTE | ATM IV | 25Δ skewThe IV gap between 25-delta puts and 25-delta calls for one expiration. Positive skew means downside protection is priced richer than upside exposure. | Implied move |
|---|---|---|---|---|
| Sep 04, 2026 | 1 | 43.1% | -0.5pt | ±1.9% |
| Sep 09, 2026 | 6 | 38.2% | -0.9pt | ±3.9% |
| Sep 11, 2026 | 8 | 40.2% | -1.6pt | ±4.8% |
| Sep 16, 2026 | 13 | 38.6% | — | ±5.8% |
| Sep 18, 2026 | 15 | 40.1% | -2.6pt | ±6.5% |
| Sep 25, 2026 | 22 | 41.7% | -4.2pt | ±8.2% |
| Oct 02, 2026 | 29 | 42.4% | -6.3pt | ±9.5% |
| Oct 09, 2026 | 36 | 44.4% | -6.1pt | ±11.1% |
| Oct 16, 2026 | 43 | 44.1% | -6.6pt | ±12.1% |
| Oct 23, 2026 | 50 | 45.0% | — | ±13.3% |
| Nov 20, 2026 | 78 | 45.5% | -6.9pt | ±16.7% |
| Dec 18, 2026 | 106 | 45.3% | -7.0pt | ±19.3% |
| Jan 15, 2027 | 134 | 44.0% | -7.6pt | ±21.1% |
| Mar 19, 2027 | 197 | 43.5% | -5.5pt | ±25.1% |
| Apr 16, 2027 | 225 | 42.1% | -6.1pt | ±25.9% |
| Jun 17, 2027 | 287 | 41.3% | -3.9pt | ±28.6% |
Volatility smile — Oct 16, 2026
Implied volatility by strike. The tilt toward puts (left side higher) is the skew: downside protection priced richer than upside.
callsputs
Implied vs realized, daily record
IV30HV20