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
2026-09-02	16037	14624	30661	0.912
2026-09-04	44272	20015	64287	0.452
2026-09-11	12349	8749	21098	0.708
2026-09-18	134596	119843	254439	0.890
2026-09-25	7314	5684	12998	0.777
2026-10-02	4651	3180	7831	0.684
2026-10-16	93710	217202	310912	2.318
2026-12-18	70173	67746	137919	0.965
2027-01-15	70932	126256	197188	1.780
2027-03-19	20485	46942	67427	2.292
2027-04-16	251	226	477	0.900
2027-06-17	27550	19824	47374	0.720
2027-09-17	12552	10383	22935	0.827
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.