USO Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the USO options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for USO.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from USO Options by Expiration Date

The table below aggregates USO options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2026-06-03	25001	32814	57815	1.313
2026-06-05	51890	34525	86415	0.665
2026-06-10	6089	3868	9957	0.635
2026-06-12	24014	19107	43121	0.796
2026-06-18	150219	228573	378792	1.522
2026-06-26	11457	10207	21664	0.891
2026-07-02	5459	10089	15548	1.848
2026-07-10	1756	2797	4553	1.593
2026-07-17	131340	263991	395331	2.010
2026-09-18	35432	68608	104040	1.936
2026-10-16	56958	175509	232467	3.081
2026-12-18	27819	48827	76646	1.755
2027-01-15	44530	114487	159017	2.571
2027-03-19	8732	15807	24539	1.810
2027-06-17	17543	18933	36476	1.079
2027-09-17	6402	8360	14762	1.306
2028-01-21	23920	27870	51790	1.165
2028-03-17	19291	9999	29290	0.518
2028-06-16	10727	13190	23917	1.230
2028-12-15	8472	17330	25802	2.046
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for USO based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around USO. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in USO options, while lower scores highlight more defensive or bearish structures.