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Covered Call Option Chain for United States Oil Fund LP ETF (USO)
Monday, 5/11/2026 4:15 PM ET — 20 min. delayed
Look! There's potential to make 10.4% in only 46 days!
MAY    Expiring 5/8/2026  EXPIRED days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 3.25 3.60 2.62 1405 296 2.5% 1.7%
135.0 2.55 2.80 2.09 9607 1136 1.9% 1.9%
MAY    Expiring 5/13/2026  2 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 5.45 6.75 5.65 217 25 4.2% 3.5%
135.0 5.10 6.00 5.16 4464 229 3.9% 4.0%
MAY    Expiring 5/15/2026  4 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 6.05 7.60 6.46 120 189 4.7% 3.9%
135.0 5.55 6.20 5.96 1806 5330 4.3% 4.3%
MAY    Expiring 5/20/2026  9 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 6.65 9.70 8.10 14 11 5.2% 4.4%
135.0 6.80 8.55 7.62 111 83 5.3% 5.3%
MAY    Expiring 5/22/2026  11 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 7.00 9.85 8.67 67 332 5.5% 4.7%
135.0 7.05 8.25 8.19 569 516 5.5% 5.5%
MAY    Expiring 5/29/2026  18 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 9.25 11.00 10.41 110 168 7.4% 6.6%
135.0 8.95 9.90 9.94 52 493 7.1% 7.1%
JUN    Expiring 6/5/2026  25 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 10.05 13.15 11.90 30 68 8.0% 7.3%
135.0 9.65 11.90 11.43 351 125 7.7% 7.7%
JUN    Expiring 6/12/2026  32 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 11.75 14.35 13.22 3 1 9.5% 8.7%
135.0 11.45 12.50 12.75 87 15 9.3% 9.3%
JUN    Expiring 6/18/2026  38 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 12.65 13.85 14.25 47 117 10.3% 9.5%
135.0 12.35 13.00 13.79 609 1741 10.1% 10.1%
JUN    Expiring 6/26/2026  46 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.5 12.15 16.00 15.29 0 0 9.9% 9.5%
135.0 12.40 15.70 15.06 14 0 10.1% 10.1%
JUL    Expiring 7/17/2026  67 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 15.65 16.70 18.43 63 121 13.1% 12.3%
135.0 15.15 16.15 17.98 185 597 12.6% 12.7%
SEP    Expiring 9/18/2026  130 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 17.40 20.80 25.21 3 13 14.8% 14.0%
135.0 18.35 20.40 24.79 19 211 15.7% 15.8%
OCT    Expiring 10/16/2026  158 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 18.90 22.40 27.68 1 85 16.3% 15.4%
135.0 18.60 22.00 27.27 33 200 16.0% 16.0%
DEC    Expiring 12/18/2026  221 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 20.60 23.50 32.54 0 4 18.0% 17.2%
135.0 20.70 22.30 32.15 12 2104 18.1% 18.1%
JAN    Expiring 1/15/2027  249 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
130.0 23.40 26.30 36.06 11 457 21.0% 16.5%
135.0 21.40 22.70 34.09 129 1351 18.8% 18.9%
MAR    Expiring 3/19/2027  312 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
130.0 24.50 27.80 39.96 0 149 22.2% 17.7%
135.0 22.20 25.30 38.06 1 65 19.7% 19.7%
JUN    Expiring 6/17/2027  402 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 24.50 28.50 43.41 0 62 22.2% 21.3%
135.0 24.50 28.00 43.06 0 242 22.2% 22.2%
SEP    Expiring 9/17/2027  494 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
130.0 28.50 32.50 49.27 6 197 26.8% 22.1%
135.0 27.00 29.50 47.55 2 1005 25.0% 25.0%
JAN    Expiring 1/21/2028  620 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 29.65 33.50 53.29 0 125 28.2% 27.2%
135.0 29.65 32.05 52.97 132 682 28.2% 28.2%
MAR    Expiring 3/17/2028  676 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 31.05 34.50 55.48 0 87 29.9% 28.9%
135.0 30.50 34.00 55.17 1 411 29.2% 29.2%
JUN    Expiring 6/16/2028  767 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 33.25 36.50 58.80 0 2 32.7% 31.7%
135.0 33.15 35.25 58.51 2 95 32.6% 32.6%
DEC    Expiring 12/15/2028  949 days left
Strike Opt. Bid Opt. Ask Black Sch. Opt. Vol. Open Int. If Not Asgnd If Asgnd
134.0 36.50 41.00 64.76 2 11 37.1% 36.1%
135.0 37.00 40.50 64.48 12 116 37.8% 37.8%

Understanding the USO Covered Call Option Chain

This option chain displays covered call opportunities for United States Oil Fund LP ETF (USO) at strike prices near the current stock price. Covered calls are one of the most popular option income strategies, allowing investors who own shares to sell call options and collect premium income.

How to Read This Option Chain

  • Strike Price: The price at which you agree to sell your shares if the option is exercised.
  • Option Bid / Ask: The current market price to sell (bid) or buy (ask) the call option contract.
  • Black-Scholes: The theoretical fair value of the option based on the Black-Scholes pricing model.
  • If Not Assigned: Your percentage return if the stock stays below the strike price and you keep your shares plus the premium.
  • If Assigned: Your total percentage return if the stock rises above the strike and your shares are called away.

Why Use Covered Calls on USO?

Selling covered calls on USO generates immediate cash income from the option premium. This premium provides downside protection if the stock drops, and if the stock stays flat or rises modestly, you keep both the premium and your shares. PowerOptions analyzes over 1,900,000 options across 5,900+ stocks to help you find the highest-return covered call opportunities.

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USO Option Chain — USO Covered Call Quotes — USO Option Analysis