Investors Purchase Large Volume of Put Options on United States Oil Fund (USO)
Shares of United States Oil Fund (NYSE:USO) were the target of some unusual options trading activity on Wednesday. Stock traders acquired 25,805 put options on the company, Analyst Ratings.Net reports. This is an increase of approximately 151% compared to the typical volume of 10,300 put options.
Shares of United States Oil Fund (NYSE:USO) traded up 2.18% during mid-day trading on Wednesday, hitting $35.55. 4,411,968 shares of the company’s stock traded hands. United States Oil Fund has a one year low of $32.68 and a one year high of $39.54. The stock has a 50-day moving average of $36.26 and a 200-day moving average of $36.96.
United States Oil Fund, LP (NYSE:USO) is a limited partnership.
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