United States Oil Fund LP (USO)
AMEX: USO
· Real-Time Price · USD
74.85
-0.39 (-0.52%)
At close: Aug 29, 2025, 3:59 PM
74.87
0.03%
After-hours: Aug 29, 2025, 07:57 PM EDT
USO Delta Exposure By Expiry
The total Delta Exposure (DEX) for USO across all expirations shows 951,973.87 net shares that market makers must hedge, with 3,781,326.61 from calls and 2,829,352.74 from puts. The put-call delta ratio of 0.75 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 553,027.9 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 3, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
USO DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 3, 25 | 36,677.1 | -75,151 | -38,473.9 | 2.05 |
| Sep 5, 25 | 100,920.23 | -108,303.89 | -7,383.66 | 1.07 |
| Sep 10, 25 | 3,545.56 | -13,493.08 | -9,947.52 | 3.81 |
| Sep 12, 25 | 49,099.3 | -58,697.43 | -9,598.13 | 1.20 |
| Sep 19, 25 | 1,538,366.26 | -985,338.36 | 553,027.9 | 0.64 |
| Sep 26, 25 | 80,659.07 | -39,090.95 | 41,568.12 | 0.48 |
| Oct 3, 25 | 13,412.86 | -17,195.78 | -3,782.92 | 1.28 |
| Oct 10, 25 | 623.48 | -412.81 | 210.67 | 0.66 |
| Oct 17, 25 | 472,545.86 | -504,434.37 | -31,888.51 | 1.07 |
| Dec 19, 25 | 214,446.69 | -91,379.61 | 123,067.08 | 0.43 |
| Jan 16, 26 | 1,060,347.58 | -733,486.74 | 326,860.84 | 0.69 |
| Apr 17, 26 | 4,970.98 | -725.26 | 4,245.72 | 0.15 |
| Jan 15, 27 | 205,711.64 | -201,643.46 | 4,068.18 | 0.98 |