USO
Options analysis and insights • ETFs
$124.20
USO is currently showing moderate IV Rank of 66.2%, indicating fair option pricing. The RSI at 64 indicates bullish momentum zone. Technical analysis reveals strong bullish trend structure with 4 aligned moving averages.
IV Rank
66%
RSI (14)
64
Trend Bias
bullish
Implied Volatility Rank
Normal range
IV Rank compares current implied volatility to its 52-week range. Elevated IV typically favors premium selling strategies.
What This Means
Moderate IV Rank (66%) means options are fairly priced compared to historical norms. Neither buyers nor sellers have a clear edge from volatility alone. The bullish trend structure suggests the path of least resistance is higher. Moving averages are aligned upward. The recommended Covered Calls strategy fits the current conditions because it aligns with the bullish trend and elevated volatility environment.
Sector Context
Within the ETFs sector, USO trades alongside peers like SPY, QQQ, IWM. USO's IV Rank is elevated compared to typical ETFs levels. Comparing volatility and trend structure across sector peers can reveal relative value opportunities.
Recommended Strategy
covered Call
Suitability Score
IV Rank at 66% with bullish trend. Ideal for income generation while holding shares.
Market Conditions
Trend Structure
Dealer Positioning
Frequently Asked Questions
What is USO's current IV Rank?
USO's IV Rank is currently 66.2%, which is moderate compared to its 52-week range.
What options strategy is best for USO right now?
Based on current market conditions, Covered Calls is the top recommendation. IV Rank at 66% with bullish trend. Ideal for income generation while holding shares.
Is USO IV high or low?
USO's 30-day implied volatility is 87.5%, with an IV Rank of 66.2%. This places current IV near the middle of its annual range.
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