Opening: USO October 30th 170/180 Short Call Vertical... for a 1.09 credit.
Comments: Adding short delta back in on this bounce to flatten net delta in my USO position. Alternatively, a bet that USO stays below 170 (the 52-week high is 163.35).
Metrics:
Max Profit: 1.09 ($109)
Max Loss: 8.91 ($891)
ROC at Max: 12.2%
Compare with United States Oil Fund
Key stats
Fund info
Home page
Inception date
Apr 10, 2006
Structure
Commodities Pool
Replication method
Synthetic
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
ISIN
US91232N2071
CUSIP
91232N207
FIGI
BBG000NL49J3
Identifiers
ISIN US91232N2071
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Classification
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government64.21%
Cash36.36%
Miscellaneous−0.57%
Top 10 holdings
CCI reads: major indexes, ME, UGL, BTC, USOA few I'll work to play this week but for the most part the sidelines are my calling. Chop chop. I did not call out in the video that I am watching the cnn fear/greed index as well. Like to see it dip to 20 or below for a nice entry long... as the great Don Wolanchuk would say, Think like a crimi
Opening: USO 3 x 130/135/175/185 Iron Condor... for a 4.00 credit.
Comments: Ordinarily, I would do a 2 x 130/135 175/185 or a standalone long delta hedge, but doing a ratio to cut short delta of my USO position instead. Here, the "widest wing" is the 3 x 5 or 15 ... . I'm indicating that this is "long" here, only because the setup's delt
USO - Oil Fund Breakout Following in line with the breakout on USOIL, the United States Oil Fund is breaking out as well.
This one is particularly interesting. Ever since the breakout in March during the US-Iran war, USO broke above its multi year resistance between $85 and $90, which is a level that had held as significa
Opening: USO October 16th 2 x 109P/-114P 155/165 Iron Condor... for a 2.74 credit.
Comments: Selling a little premium in the West Texas Intermediate ETF. Using a double double to accommodate skew a smidge.
Metrics:
Max Profit: 2.74 ($274)
Max Loss: 7.26 ($726)
ROC at Max: 37.7%
ROC at 50% Max: 18.9%
10% Width of the Wing TP: 13.8%
I've been generally lo
USO long-term TAYou have to be a little bit cautious about oil trade, the long-term trend is still there yes, but the current momentum behind this price move is not as strong as it used to be, which is a slight problem, the current ongoing actions between US and Iran have not returned long-term holders in place, at
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
USO trades at 144.43 USD today, its price has risen 0.64% in the past 24 hours. Track more dynamics on USO price chart.
USO net asset value is 144.52 today — it's risen 1.60% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
USO assets under management is 1.81 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
USO price has risen by 3.40% over the last month, and its yearly performance shows a 99.27% increase. See more dynamics on USO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.60% over the last month, showed a 38.79% increase in three-month performance and has increased by 98.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.60% over the last month, showed a 38.79% increase in three-month performance and has increased by 98.48% in a year.
USO fund flows account for −296.93 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
USO invests in bonds. See more details in our Profile section.
USO expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, USO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, USO technical analysis shows the sell rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating USO shows the buy signal. See more of USO technicals for a more comprehensive analysis.
Today, USO technical analysis shows the sell rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating USO shows the buy signal. See more of USO technicals for a more comprehensive analysis.
No, USO doesn't pay dividends to its holders.
USO trades at a premium (0.27%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
USO shares are issued by The Marygold Cos, Inc.
USO follows the Front Month Light Sweet Crude Oil. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 10, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.









