United States Oil Fund, LP (USO) Most Active Options
The 14 most actively traded United States Oil Fund, LP (USO) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.
Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Most Active USO Contracts
| Contract | Expiration | DTE | Last | IV | IV rank (30d) | Delta | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|---|---|---|
| USO $110 call | Jul 17, 2026 | 7d | $2.15 | 44.8% | 52 | 0.43 | 6,059 | 4,205 | 9.4× avg |
| USO $142 call | Jul 17, 2026 | 7d | $0.13 | 87.3% | 16 | 0.02 | 8,526 | 3,563 | 45.2× avg |
| USO $111 call | Aug 21, 2026 | 42d | $4.90 | 41.5% | 31 | 0.48 | 10,077 | 3,462 | 33.9× avg |
| USO $114 call | Jul 17, 2026 | 7d | $1.03 | 48.5% | 60 | 0.25 | 791 | 3,181 | 7.1× avg |
| USO $109 call | Jul 17, 2026 | 7d | $2.41 | 41.3% | 44 | 0.49 | 567 | 2,701 | 6.0× avg |
| USO $120 call | Jul 17, 2026 | 7d | $0.42 | 55.8% | 40 | 0.11 | 15,912 | 2,538 | 11.7× avg |
| USO $100 put | Jul 17, 2026 | 7d | $0.22 | 41.4% | 6 | -0.07 | 19,936 | 2,528 | 12.1× avg |
| USO $109 call | Jul 15, 2026 | 5d | $1.90 | 39.3% | 39 | 0.48 | 77 | 1,803 | 4.0× avg |
| USO $113 call | Jul 17, 2026 | 7d | $1.23 | 47.9% | 58 | 0.29 | 912 | 1,744 | 3.9× avg |
| USO $115 call | Jul 17, 2026 | 7d | $0.86 | 49.5% | 30 | 0.21 | 5,286 | 1,294 | 6.0× avg |
| USO $110 call | Aug 21, 2026 | 42d | $5.60 | 40.9% | 29 | 0.50 | 1,621 | 1,256 | 12.3× avg |
| USO $75 put | Jul 17, 2026 | 7d | $0.02 | 108.4% | 1 | -0.01 | 10,177 | 1,227 | 8.9× avg |
| USO $200 call | Sep 18, 2026 | 70d | $0.26 | 68.0% | 16 | 0.03 | 9,196 | 1,165 | 18.3× avg |
| USO $115 call | Jul 15, 2026 | 5d | $0.51 | 50.0% | 30 | 0.17 | 782 | 1,096 | 5.1× avg |
Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.
The most active USO contract today is the $110 call expiring in 7 days, with 4,205 contracts traded. Calls dominate the most-active list (12 of the top 14), showing where trading interest concentrates. 14 of these contracts are running well ahead of the usual daily volume.
Explore the payoff profile of option on USO for free
Build multi-leg USO strategies, visualize payoffs, and scan the full US options universe with OptiView.
USO Options FAQ
Which USO option contract is most active today?
The most traded USO contract is the $110 call expiring Jul 17, 2026, with 4,205 contracts traded as of Jul 10, 2026.
How does OptiView rank the most active USO options?
The table lists the 14 USO contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.
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.