United States Oil

USO

10.60

-0.04

-0.4%

Stock Price
Open: 10.62
Prev. Close: 10.64
Low/Hi: 10.54 - 10.70
52-Week: 9.23 - 12.45
Volumes
Equity: 25,642,294
90-Day Avg: 24,437,555
Option: 117,879
90-Day Avg: 125,496
Volatility
Today: 13.6
20-Day: 27.0
52-Week: 29.8
30-Day IV: 29.6 +0.1
IV Rank: 0.61 (Moderate)
Fundamental
Div. Yield: 0.0%
Net Expense Ratio: 0.45%
Stock Type: ETF | Family: United States Commodity Funds LLC | Category: Commodities Energy

USO Symbol Review Report

Price Performance:

Today, USO has moved -0.4%, while SPY has moved +0.2%.

Over the last two weeks, USO has moved +7.5%, and SPY has moved +0.2%.

Volume:

USO's stock volume today is 25,642,294, which is 1.0x relative to the 90-day average of 24,437,555

SPY's relative volume today is 0.4x, trading 28,378,572 shares against an average of 77,211,420 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for USO is 13.6 for today. The 20-day average is 24.2, and the 52-week average is 27.0.

The 1-Day OHLC Volatility for SPY is 2.4, while the average over the last 20 days is 5.7, and for the last 52 weeks is 7.7.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 29.6, and has moved +0.3% from yesterday. Its IV Ranking is 0.61, which is considered Moderate.

As a comparison, the current IV30 for SPY is 7.6, down -4.4% from the previous day. SPY's IV Rank is Subdued at 0.30.

Over the last 52 weeks, the IV30 Range is 21.2 - 57.5.

Over the same span, SPY's IV30 Range is 7.2 - 20.7.

Based on the IV30, a synthetic put to protect downside risk would cost 3.3%, compared to a 52-week range of 2.4% - 6.5%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
26-May-17 0.33 3.1% 10.27 10.92
02-Jun-17 0.45 4.2% 10.15 11.04
09-Jun-17 0.55 5.2% 10.05 11.15
16-Jun-17 0.63 6.0% 9.96 11.23
23-Jun-17 0.72 6.8% 9.88 11.31
30-Jun-17 0.77 7.3% 9.83 11.36
21-Jul-17 0.94 8.8% 9.66 11.53
18-Aug-17 1.13 10.6% 9.47 11.72
15-Sep-17 1.31 12.3% 9.29 11.90
20-Oct-17 1.52 14.3% 9.08 12.11
19-Jan-18 1.96 18.5% 8.64 12.55
18-Jan-19 3.26 30.7% 7.34 13.85

Volatility Skew:

The current downside put implied volatility is trading 9.3% higher than the upside call volatility, which represents a neutral tone when compared to the past year. Over the last year, the downside put has traded on average 9.7% higher than the upside call.

Option Volume:

On the day, USO traded 117,879 contracts, with 46.9% being put options. This represents a relative volume of 0.9x compared to the last 90 days, when the average volume was 125,496 and 52.7% puts.

Order Flow:

In the Money At the Money Out of the Money Total
Option Type Volume % Volume Total
Notional
Volume % Volume Total
Notional
Volume % Volume Total
Notional
Volume % Volume Total
Notional $
Call 4,439 3.8% 536,917 28,409 24.1% 1,035,675 29,506 25.1% 290,680 62,354 53.0% 1,863,272
Put 1,011 0.9% 89,265 23,522 20.0% 681,759 30,808 26.2% 354,196 55,341 47.0% 1,125,220
Total 117,695 2,988,492

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
USO 18Aug17 P 9.5 10,283 32 0.19 0.17 0.20 21,785 29.6 -0.6%
USO 16Jun17 P 10 10,132 65 0.12 0.09 0.24 144,441 31.8 -4.4%
USO 21Jul17 C 11.5 8,922 11 0.15 0.14 0.17 28,078 26.7 +1.5%
USO 26May17 P 10 7,421 64 0.03 0.02 0.03 7,409 55.0 +24.2%
USO 21Jul17 C 11 7,315 108 0.30 0.28 0.34 88,867 27.2 +0.8%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
USO 16Jun17 P 10 144,441 128,757 +15,684 +12.2% 10,132
USO 18Aug17 P 10.5 7,718 780 +6,938 +889.5% 49
USO 21Jul17 P 10 59,031 52,307 +6,724 +12.9% 3,059
USO 21Jul17 C 11.5 28,078 22,635 +5,443 +24.1% 8,922
USO 16Jun17 P 10.5 49,672 46,624 +3,048 +6.5% 7,315

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
USO 16Jun17 C 11 100,199 102,387 -2,188 -2.1% 2,399
USO 19Jan18 C 25 98,360 100,125 -1,765 -1.8% 0
USO 21Jul17 P 9 30,945 31,477 -532 -1.7% 160
USO 20Oct17 C 11 29,116 29,507 -391 -1.3% 13
USO 21Jul17 C 9.5 8,242 8,566 -324 -3.8% 164

Upcoming Dividend:

The next dividend for USO has not yet been announced. Its indicative dividend yield going forward is 0.00%.