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USO

United States Oil FundClose $123.85EOD only
Max Pain
$129.00
Next expiry Apr 15, 2026
Expected Move
±$4.51
3.6% from close
Price Gap
+5.15
Distance to max pain
IV Rank
16
Low premium
P/C OI
1.57
Slightly put-heavy
Consensus
5.0/10
Bearish tilt
Published snapshot: Apr 14, 2026 close
End-of-day snapshot

This page reflects USO options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Apr 14, 2026 close
USO AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Conviction
5.0

out of 10

Score 5 because signals align on a pinned, downside-tilted regime but are offset by high front-end IV, potential market-wide risk-on forces, and concentrated option positioning that makes the tape binary — enough to trade the idea but not to size aggressively.

Where Perspectives Agree

Market is pinned around $130 by dealer gamma while net put demand and concentrated bearish positioning create a clear downside bias — the path of least resistance is toward that put cluster unless a persistent bid forces MP repricing.

Where They Diverge

Theta favors harvesting rich front-end premia via short-defined structures, but the directional/flow picture of heavy put accumulation and a live gamma pin directly undermines naked premium selling — a dealer gamma flip or inventory headline could blow past short-premium defenses. Conversely, any strong institutional flow into calls (flow view) would contradict the pin and favor short-gamma dealer-driven mean reversion, creating opposite trade triggers.

Top Trade
via directional

Sell 2026-04-22 120/115 put spread for a net credit (defined-risk put spread) — collect front-end premium while capping downside.

Key Risk

A sustained break and daily close below $120 (triggered by an inventory/geopolitical headline or dealer gamma flip) would remove the $130 pin, flip dealer positioning, and accelerate downside toward the $110 structural support band — that move invalidates the short-premium/neutral pin thesis.

Read the AI Analyst Consensus for USO for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.