United States Oil Fund, LP (USO) Options Volume
120,116 United States Oil Fund, LP (USO) option contracts changed hands in the latest session, at a put/call volume ratio of 1.19. This page tracks how actively USO options trade — contracts and dollars — and flags individual contracts running far above their own 30-day average volume.
Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.
Options Volume & Premium Flow
| Total options volume | 120,116 |
| Call volume | 54,834 |
| Put volume | 65,282 |
| Put/call volume ratio | 1.19 |
| Listed contracts | 4,500 |
| Call premium traded | $28.69M |
| Put premium traded | $28.41M |
| Premium put/call ratio | 0.99 |
| Open interest rank (31 day) | 100 / 100 |
USO Options Volume Trend
USO total options volume per session, past year.
USO put/call volume ratio, past year.
USO Unusual Options Activity
Contracts trading at least 3× their own 30-day average volume (minimum 500 contracts):
| Contract | Expiration | Last | IV | Open interest | Volume | vs 30d avg |
|---|---|---|---|---|---|---|
| USO $120 put | Mar 19, 2027 | $9.36 | — | 899 | 9,763 | 699.5× avg |
| USO $115 put | Mar 19, 2027 | $7.45 | — | 1,722 | 9,002 | 645.0× avg |
| USO $200 call | Sep 18, 2026 | $0.12 | — | 11,430 | 6,668 | 149.8× avg |
| USO $120 put | Oct 16, 2026 | $3.35 | — | 18,635 | 3,286 | 33.8× avg |
| USO $115 put | Oct 16, 2026 | $2.06 | — | 17,496 | 2,860 | 29.4× avg |
| USO $135 call | Aug 28, 2026 | $1.53 | — | 2,551 | 2,842 | 12.4× avg |
| USO $155 call | Aug 28, 2026 | $0.06 | — | 1,788 | 2,538 | 22.7× avg |
| USO $135 call | Aug 26, 2026 | $0.85 | — | 1,422 | 2,305 | 3.7× avg |
| USO $130 put | Sep 18, 2026 | $4.65 | — | 4,059 | 2,216 | 47.1× avg |
| USO $160 call | Aug 28, 2026 | $0.04 | — | 1,759 | 2,158 | 19.3× avg |
With a put/call volume ratio of 1.19, today's trading is roughly balanced between calls and puts. Measured in dollars rather than contracts, $28.69M of call premium and $28.41M of put premium changed hands — the larger premium flow is on the call side. 10 contracts are trading at least three times their own 30-day average volume — activity worth a closer look.
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USO Options FAQ
How many USO options traded today?
120,116 USO option contracts traded as of Aug 24, 2026 — 54,834 calls and 65,282 puts.
Is there unusual options activity in USO today?
Yes — 10 contracts are trading at least three times their 30-day average volume as of Aug 24, 2026. OptiView flags a contract as unusual when today's volume runs at 3× its own average with at least 500 contracts traded.
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.