(USO)
AMEX: USO
· Real-Time Price · USD
72.80
-0.94 (-1.27%)
At close: Aug 15, 2025, 3:59 PM
72.73
-0.08%
After-hours: Aug 15, 2025, 07:59 PM EDT
USO Delta Exposure By Expiry
The total Delta Exposure (DEX) for USO across all expirations shows -198,427.19 net shares that market makers must hedge, with 3,177,724.81 from calls and 3,376,152 from puts. The put-call delta ratio of 1.06 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Oct 17, 25 with -200,276.12 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 20, 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 |
|---|---|---|---|---|
| Aug 20, 25 | 41,760.95 | -124,915.06 | -83,154.11 | 2.99 |
| Aug 22, 25 | 67,908.65 | -90,051.98 | -22,143.33 | 1.33 |
| Aug 27, 25 | 6,608.4 | -2,487.39 | 4,121.01 | 0.38 |
| Aug 29, 25 | 94,011.92 | -136,230.33 | -42,218.41 | 1.45 |
| Sep 5, 25 | 30,706.91 | -108,094.28 | -77,387.37 | 3.52 |
| Sep 12, 25 | 17,715.05 | -44,793.52 | -27,078.47 | 2.53 |
| Sep 19, 25 | 1,182,119.05 | -1,169,941.58 | 12,177.47 | 0.99 |
| Sep 26, 25 | 33,307.69 | -10,254.86 | 23,052.83 | 0.31 |
| Oct 17, 25 | 389,504.95 | -589,781.07 | -200,276.12 | 1.51 |
| Dec 19, 25 | 173,717.32 | -103,323.29 | 70,394.03 | 0.59 |
| Jan 16, 26 | 949,242.52 | -834,325.98 | 114,916.54 | 0.88 |
| Apr 17, 26 | 0 | -50.49 | -50.49 | n/a |
| Jan 15, 27 | 191,121.4 | -161,902.17 | 29,219.23 | 0.85 |