thetaOwl

USO

United States Oil FundClose $133.02EOD only
Max Pain
$131.00
Next expiry Jun 10, 2026
Expected Move
±$6.05
4.5% from close
Price Gap
-2.02
Distance to max pain
IV Rank
8
Low premium
P/C OI
1.74
Slightly put-heavy
Consensus
7.0/10
Bearish tilt
Published snapshot: Jun 5, 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
Jun 5, 2026 close
USO AI Consensus Report
Analysis based on market close April 22, 2026

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

You are viewing an older report from April 22, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.0

out of 10

Score 6 because dealer gamma and premium-selling alignment support the pin but sizeable event/expiry risk and mixed flow reduce reliability; not higher due to the potential for abrupt gamma repricing.

Where Perspectives Agree

Short-term pin into $123-$125 is the dominant thesis — dealer gamma positioning and a theta-friendly premium environment support limited range and mean-reversion pressure into that band.

Where They Diverge

Flow signals are mixed and could include institutional accumulation that would fuel a sustained breakout above resistance near $147, directly undermining the pin/range thesis; similarly, elevated event/expiry risk could flip dealer gamma and invalidate the theta play.

Top Trade
via theta

Sell May 8 iron condor: sell $125 put / buy $119 put and sell $150 call / buy $156 call for a net credit (~$0.70).

Key Risk

Break and close below $119 on daily basis flips dealer gamma exposure, removes the $123-$125 magnet and would accelerate downside toward the $114 support gap.

How to Use These Reports
This ai consensus reflects the market close on April 22, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.