United States Oil

USO

10.42

-0.04

-0.4%

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Stock Price
Open: 10.48
Prev. Close: 10.46
Low/Hi: 10.41 - 10.53
52-Week: 8.65 - 12.00
Volumes
Equity: 6,545,252
90-Day Avg: 24,978,716
Option: 31,942
90-Day Avg: 147,113
Volatility
Todays Stock Vol: 10.8
20-Day (HV): 23.9
52-Week (HV): 26.9
30-Day IV: 24.3 -0.1
IV Pct Rank: 13% Subdued
Fundamental
Div. Yield: 0.0%
Net Expense Ratio: 0.45%
Stock Type: ETF
Family: United States Commodity Funds LLC
Category: Commodities Energy
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 -0.1%.

Over the last two weeks, USO has moved +2.4%, and SPY has moved +0.9%.

Volume:

USO's stock volume today is 6,544,933, which is 0.3x relative to the 90-day average of 24,978,716

SPY's relative volume today is 0.1x, trading 7,186,760 shares against an average of 63,321,816 for the last 90 days.

Volatility:

The current 1-Day OHLC Volatility for USO is 10.8 for today. The 20-day average is 21.4, and the 52-week average is 24.2.

The 1-Day OHLC Volatility for SPY is 1.3, while the average over the last 20 days is 4.2, and for the last 52 weeks is 6.5.

Implied Volatility:

The current 30-Day Implied Volatility (IV30) is 24.3, and has moved -0.2% from yesterday. Its IV Ranking is 0.13, which is considered Subdued.

As a comparison, the current IV30 for SPY is 6.6, up +2.9% from the previous day. SPY's IV Rank is Subdued at 0.04.

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

Over the same span, SPY's IV30 Range is 6.4 - 19.6.

Based on the IV30, a synthetic put to protect downside risk would cost 2.7%, compared to a 52-week range of 2.4% - 6.5%.

At-the-Money Straddles:

ATM Straddle Expected Range
Expiration $ Premium % Premium Low High
20-Oct-17 0.19 1.8% 10.24 10.61
27-Oct-17 0.36 3.4% 10.07 10.78
03-Nov-17 0.45 4.3% 9.98 10.87
10-Nov-17 0.54 5.2% 9.88 10.97
17-Nov-17 0.62 6.0% 9.80 11.05
24-Nov-17 0.66 6.4% 9.76 11.09
01-Dec-17 0.76 7.3% 9.66 11.19
15-Dec-17 0.90 8.7% 9.52 11.33
19-Jan-18 1.13 10.9% 9.29 11.56
20-Apr-18 1.63 15.6% 8.80 12.05
20-Jul-18 2.01 19.3% 8.41 12.44
18-Jan-19 2.65 25.5% 7.77 13.08
17-Jan-20 3.51 33.6% 6.92 13.93

Volatility Skew:

The current downside put implied volatility is trading 17.5% higher than the upside call volatility, which represents a bearish tone when compared to the past year. Over the last year, the downside put has traded on average 7.5% higher than the upside call.

Option Volume:

On the day, USO traded 31,942 contracts, with 74.0% being put options. This represents a relative volume of 0.2x compared to the last 90 days, when the average volume was 147,113 and 57.1% 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 654 2.0% 61,348 6,173 19.3% 226,809 1,482 4.6% 7,295 8,309 26.0% 295,452
Put 309 1.0% 21,494 22,006 68.9% 701,969 1,328 4.2% 7,896 23,643 74.0% 731,359
Total 31,952 1,026,811

Most Active Options:

Option Symbol Volume # Trades Last Price Low Price High Price Open Interest IV % IV Change
USO 17Nov17 P 10.5 7,273 110 0.35 0.30 0.35 24,589 24.9 0.0%
USO 17Nov17 P 10 5,366 88 0.14 0.12 0.16 57,187 25.9 -4.5%
USO 1Dec17 P 10.5 5,007 82 0.44 0.39 0.45 5 25.7 -3.8%
USO 19Jan18 P 10.5 2,484 13 0.58 0.57 0.59 11,248 27.7 -0.9%
USO 17Nov17 C 10.5 2,016 51 0.28 0.28 0.32 40,838 23.7 -0.6%

Biggest Open Interest Increases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
USO 17Nov17 P 9 50,296 32,861 +17,435 +53.1% 25
USO 17Nov17 P 10.5 24,589 9,016 +15,573 +172.7% 7,273
USO 10Nov17 P 10 21,184 6,837 +14,347 +209.8% 239
USO 15Dec17 C 11.5 11,406 1,367 +10,039 +734.4% 5
USO 24Nov17 P 10 7,926 122 +7,804 +6396.7% 2

Biggest Open Interest Decreases:

Option Symbol Open Interest Previous
Open Interest
Change % Change Current Volume
USO 19Jan18 P 9 202,138 219,578 -17,440 -7.9% 51
USO 20Oct17 P 10 43,186 45,160 -1,974 -4.4% 128
USO 20Oct17 C 9.5 18,335 19,709 -1,374 -7.0% 45
USO 19Jan18 P 9.5 29,890 30,817 -927 -3.0% 5
USO 20Oct17 C 9 17,877 18,668 -791 -4.2% 62

Upcoming Dividend:

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