# Strike Pegger for USO

> Max Pain© chart for USO: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 9, 2026 (end of day).

Max Pain© analysis: the peg is the strike where call and put writers' aggregate liability is minimized; the target price (bias) is where call and put liability converge.

## USO quote

| Field | Value |
|---|---|
| Last | 142.66 |
| Change | -5.75 |
| Open | 142.55 |
| Previous | 148.41 |
| High | 145.18 |
| Low | 139.44 |
| Bid | - |
| Ask | - |
| Volume | 6,251,901 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 55.9% |
| Hist Vol | 49.5% |
| Opt Volume | 190,372 |
| Open Int | 1,588,665 |

Expiration: Nov 11, 2026. No daily peg history is stored for this expiration; pegs are kept for the expirations listed under By Expiration.

All expirations: 2026-11-11, 2026-11-13, 2026-11-18, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-02-19, 2027-03-19, 2027-04-16, 2027-05-21, 2027-06-17, 2027-07-16, 2027-08-20, 2027-09-17, 2028-01-21, 2028-03-17, 2028-06-16, 2028-12-15, 2029-01-19.

Change the view with query parameters: `expiration` (YYYY-MM-DD, the daily history and the by-strike profile), `date` (an earlier session). Example: `/quotes/strike-pegger/USO.md?expiration=2026-11-13`.

## Open Interest by Strike

**Strike Peg is 150.00, Bias: 150.93** (expiration Nov 11, 2026) — 5.1% above the last price of 142.66; open interest 45.65K calls / 27.81K puts (put/call 0.61).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 36 of 130 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 129.00 | 10 | 70 | 354,342 |
| 130.00 | 60 | 868 | 330,425 |
| 131.00 | 31 | 17 | 307,436 |
| 132.00 | 20 | 105 | 284,495 |
| 133.00 | 12 | 224 | 261,679 |
| 134.00 | 1 | 825 | 239,099 |
| 135.00 | 59 | 3,521 | 217,345 |
| 136.00 | 42 | 2,975 | 199,171 |
| 137.00 | 10 | 107 | 184,014 |
| 138.00 | 10 | 597 | 168,974 |
| 139.00 | 74 | 248 | 154,541 |
| 140.00 | 75 | 2,179 | 140,430 |
| 141.00 | 9 | 532 | 128,573 |
| 142.00 | 527 | 219 | 117,257 |
| 143.00 | 65 | 188 | 106,687 |
| 143.50 | 36 | 315 | 101,528 |
| 144.00 | 175 | 362 | 96,545 |
| 144.50 | 82 | 200 | 91,831 |
| 145.00 | 199 | 626 | 87,257 |
| 145.50 | 48 | 230 | 83,096 |
| 146.00 | 514 | 312 | 79,074 |
| 146.50 | 58 | 236 | 75,465 |
| 147.00 | 70 | 505 | 72,003 |
| 147.50 | 219 | 240 | 68,829 |
| 148.00 | 514 | 339 | 65,884 |
| 148.50 | 246 | 356 | 63,365 |
| 149.00 | 401 | 553 | 61,148 |
| 149.50 | 89 | 381 | 59,407 |
| 150.00 | 1,066 | 2,793 | 57,902 |
| 151.00 | 592 | 183 | 58,750 |
| 152.00 | 447 | 78 | 60,373 |
| 152.50 | 252 | 181 | 61,447 |
| 153.00 | 280 | 268 | 62,737 |
| 154.00 | 247 | 601 | 65,866 |
| 155.00 | 1,688 | 381 | 69,843 |
| 156.00 | 260 | 433 | 75,889 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 150.00 | 142.66 | 150.93 | 45,651 | 27,810 |
| Nov 20, 2026 | 151.00 | 142.66 | 148.42 | 35,671 | 20,236 |
| Nov 21, 2026 | 150.00 | 142.66 | 150.09 | 133,428 | 92,231 |
| Nov 27, 2026 | 155.00 | 142.66 | 154.68 | 12,958 | 15,171 |
| Dec 19, 2026 | 140.00 | 142.66 | 137.69 | 77,339 | 122,585 |
| Jan 16, 2027 | 126.00 | 142.66 | 122.22 | 97,490 | 164,472 |
| Feb 20, 2027 | 150.00 | 142.66 | 150.45 | 5,985 | 11,267 |
| Mar 20, 2027 | 153.00 | 142.66 | 141.88 | 32,335 | 130,729 |
| Apr 17, 2027 | 145.00 | 142.66 | 147.94 | 7,654 | 17,649 |
| May 22, 2027 | 150.00 | 142.66 | 145.09 | 4,013 | 7,054 |
| Jun 19, 2027 | 130.00 | 142.66 | 122.85 | 35,615 | 61,070 |
| Jul 17, 2027 | 140.00 | 142.66 | 146.64 | 2,527 | 632 |
| Aug 21, 2027 | 135.00 | 142.66 | 135.18 | 8,637 | 2,842 |
| Sep 18, 2027 | 135.00 | 142.66 | 136.15 | 28,802 | 23,490 |
| Jan 22, 2028 | 150.00 | 142.66 | 143.70 | 49,966 | 58,804 |
| Jan 20, 2029 | 144.00 | 142.66 | 139.81 | 7,082 | 14,338 |

Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.

## More for USO

- [Quote](https://www.optionistics.com/quotes/stock-quotes/USO.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/USO.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/USO.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=USO)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/USO.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/USO.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/USO.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/USO.md)

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