Invesco DB Oil Fund (DBO) Options Statistics & Positioning

Invesco DB Oil Fund (DBO) options trade at a 30-day at-the-money implied volatility of 347.9%, an IV rank of 84 out of 100 over the past year. The options market prices a ±$8.98 (±48.2%) move in DBO for the front expiration. Max pain sits at $17 and the put/call open interest ratio is 0.22. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$18.64

52-week range

$11.98 – $23.66

ATM IV (30d)

347.9%

IV rank

84 / 100

High

Expected move

±$8.98 (±48.2%)

Put/call OI

0.22

Call-heavy

Max pain

$17

↓ 8.8% below close

Next earnings

Nov 8, 2026

Most Active DBO Contracts

Contract	Expiration	DTE	Last	IV	Volume
DBO $20 call	Jul 17, 2026	7d	$0.05	75.7%	10
DBO $18 put	Jul 17, 2026	7d	$0.40	96.3%	6
DBO $17 call	Jul 17, 2026	7d	$1.10	172.5%	5
DBO $19 call	Aug 21, 2026	42d	$0.50	123.3%	2
DBO $20 call	Aug 21, 2026	42d	$0.44	53.6%	1

See all active DBO contracts →

Explore DBO Options Statistics

DBO Implied Volatility

347.9% ATM IV (30d)

An IV rank of 84 places implied volatility near the top of its 52-week range.

Full implied volatility analysis →

DBO Open Interest

0.22 put/call OI ratio

11,086 calls and 2,397 puts outstanding across all expirations.

Full open interest analysis →

DBO Max Pain

$17 max pain

8.8% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

DBO Gamma Exposure

$9.38M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

DBO Options Volume

24 contracts traded

Put/call volume ratio 0.33 — plus contracts running far above their usual volume.

Full volume & flow analysis →

DBO Most Active Options

$20 top volume strike

The 25 most actively traded DBO contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

DBO's next expected earnings date is Nov 8, 2026. Options currently price a ±$8.98 (±48.2%) move for the front expiration.

Explore the payoff profile of option on DBO for free

Build multi-leg DBO strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open DBO in the platform Scan options

DBO Options FAQ

When is DBO's next earnings date?

DBO's next expected earnings date is Nov 8, 2026. Options currently price a ±$8.98 (±48.2%) move for the front expiration.

How often is DBO options data on this page updated?

All DBO statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see DBO max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated DBO pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.