−14% from the high · +45% from the low
Put-heavy into a 23-day expiry: 1.49 puts per call by open interest, option OI +2.4% on the day, the most call OI sits at $153.00, the most put OI at $110.00, max pain $150.00.
USO options carry 1.57M contracts of open interest across 23 expiries, 11% of it in the Nov 20 contract, with 1.49 puts per call.
| Expiry | Call OI · on the day | Put OI · on the day | Puts per call | Share of OI % | Strikes |
|---|---|---|---|---|---|
| Oct 302 days | 60.9K+2.26K | 75.5K+6.29K | 1.24 | 8.7 | 112 |
| Nov 47 days | 6.82K+2.69K | 15.3K+4.67K | 2.24 | 1.4 | 69 |
| Nov 69 days | 21.6K+1.93K | 33.4K+2.47K | 1.55 | 3.5 | 117 |
| Nov 1114 days | 631+631 | 382+382 | 0.61 | 0.06 | 30 |
| Nov 1316 days | 13.8K+1.77K | 12.7K+777 | 0.92 | 1.7 | 120 |
| Nov 2023 days | 84.2K−867 | 88.4K+2.32K | 1.05 | 11 | 113 |
| Nov 2730 days | 8.15K−106 | 10K+462 | 1.23 | 1.2 | 92 |
| Dec 437 days | 5.34K+92 | 3.35K+479 | 0.63 | 0.55 | 94 |
74% of open interest sits beyond the Nov 20 contract · 113 strikes listed for it · 1.57M contracts open in all
The Nov 20 contract holds 84.2K calls and 88.4K puts, the most call OI at $153.00 and the most put OI at $110.00; max pain $150.00, +1.2% from the close.
13F managers hold 220% of shares, GOLDMAN SACHS GROUP INC the largest at 90%, MORGAN STANLEY 46% and HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 15%, as filed for the quarter to Jun 2026.
| Manager | Shares | Of outstanding | Value | Change on quarter |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | 13.3M | 90% | $1.42B | +533K |
| MORGAN STANLEY | 6.85M | 46% | $729.0M | +2.44M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 2.2M | 15% | $234.2M | — |
| UBS Group AG | 1.14M | 7.7% | $121.3M | +758K |
| CIBC Bancorp USA Inc. | 1.1M | 7.4% | $117.2M | −438K |
| SIMPLEX TRADING, LLC | 981K | 6.6% | $104.5M | +322K |
| CIBC WORLD MARKET INC. | 802K | 5.4% | $85.3M | — |
| BANK OF AMERICA CORP /DE/ | 777K | 5.2% | $82.7M | +490K |
| Quadrature Capital Ltd | 660K | 4.5% | $70.2M | +181K |
| CITIGROUP INC | 623K | 4.2% | $66.4M | +605K |
In the last 90 days insiders sold $14.7M and bought $23.4M in the open market, across 21 trades.
| Insider | Trade | Shares | Price | Held after |
|---|---|---|---|---|
| HRT FINANCIAL LPTenPercentOwner | sold · Sep 16, 2026 | 1,088 | $156.32 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | sold · Sep 16, 2026 | 14,625 | $157.47 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | bought · Sep 16, 2026 | 29,347 | $155.65 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | bought · Sep 16, 2026 | 14,291 | $154.57 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | sold · Sep 16, 2026 | 1,222 | $159.80 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | sold · Sep 16, 2026 | 1 | $161.84 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | sold · Sep 16, 2026 | 87 | $160.55 | 128,543 |
| HRT FINANCIAL LPTenPercentOwner | sold · Sep 15, 2026 | 1,218 | $160.76 | 61,589 |
| HRT FINANCIAL LPTenPercentOwner | bought · Sep 14, 2026 | 43,178 | $157.37 | 61,589 |
| HRT FINANCIAL LPTenPercentOwner | bought · Sep 14, 2026 | 13,203 | $159.24 | 61,589 |
No corporate action on record for USO yet.
USO is +3.0% over 20 sessions against the S&P 500's −5.7%, 14% below its 52-week high, realised volatility 51% annualised.
| Window | From $ | USO % | S&P 500 % | Difference pp |
|---|---|---|---|---|
| 120 sessionssince May 14 | $143.00 | ▲ +3.6% | ▼ −2.0% | +5.7 |
| 60 sessionssince Aug 11 | $127.61 | ▲ +16% | ▼ −4.9% | +21 |
| 20 sessionssince Oct 7 | $143.91 | ▲ +3.0% | ▼ −5.7% | +8.7 |
| 5 sessionssince Oct 29 | $168.19 | ▼ −12% | ▼ −4.7% | −7.1 |
| 1 sessionsince Nov 4 | $145.40 | ▲ +1.9% | ▼ −4.4% | +6.3 |
Short sales were 50% of reported volume on Nov 5, 2026, against 47% over the last 25 sessions.
| Session | Short volume | Reported volume | Short share |
|---|---|---|---|
| Nov 5, 2026 | 965K | 1.92M | 50.2% |
| Nov 4, 2026 | 1.78M | 3.73M | 47.8% |
| Nov 3, 2026 | 462K | 999K | 46.2% |
| Nov 2, 2026 | 1.42M | 2.59M | 54.6% |
| Oct 30, 2026 | 809K | 1.61M | 50.3% |
| Oct 29, 2026 | 696K | 1.37M | 50.9% |
| Oct 28, 2026 | 1.26M | 2.01M | 62.7% |
| Oct 27, 2026 | 479K | 1.35M | 35.6% |
| Oct 26, 2026 | 797K | 1.76M | 45.3% |
| Oct 23, 2026 | 1.22M | 2.51M | 48.7% |
| Filed | Form | Report date |
|---|---|---|
| Oct 30, 2026 | 8-K | Oct 30, 2026 |
| Oct 20, 2026 | 3/A | Sep 10, 2026 |
| Sep 29, 2026 | 8-K | Sep 29, 2026 |
| Sep 25, 2026 | 8-K | Sep 25, 2026 |
| Sep 17, 2026 | 4 | Sep 10, 2026 |
| Sep 16, 2026 | 4 | Sep 10, 2026 |
| Sep 16, 2026 | 3 | Sep 10, 2026 |
| Aug 28, 2026 | 8-K | Aug 28, 2026 |
| Aug 7, 2026 | 10-Q | Jun 30, 2026 |
| Jul 29, 2026 | 8-K | Jul 29, 2026 |
| Jun 29, 2026 | 8-K | Jun 29, 2026 |
| May 28, 2026 | 8-K | May 28, 2026 |
| May 14, 2026 | POS EX | — |
| May 8, 2026 | 10-Q | Mar 31, 2026 |
| Apr 29, 2026 | 8-K | Apr 29, 2026 |
| Apr 24, 2026 | 424B3 | — |
| Mar 30, 2026 | 424I | — |
| Mar 27, 2026 | 8-K | Mar 27, 2026 |
| Mar 27, 2026 | 8-K | Mar 27, 2026 |
| Mar 20, 2026 | 8-K | Mar 20, 2026 |
| Feb 27, 2026 | 10-K | Dec 31, 2025 |
| Feb 27, 2026 | 8-K | Feb 27, 2026 |
| Jan 29, 2026 | 8-K | Jan 29, 2026 |
| Dec 31, 2025 | 424B3 | — |
| Dec 29, 2025 | 8-K | Dec 26, 2025 |
OI Charts is not a registered investment adviser or broker-dealer. Prices, filings and open interest are public data and arithmetic on it, not a basis for any investment decision.