United States Oil Fund Sees Unusually Large Options Volume (USO)
United States Oil Fund LP (NYSE:USO) was the recipient of some unusual options trading on Wednesday. Traders bought 192,841 put options on the stock. This is an increase of 132% compared to the typical volume of 83,075 put options.
United States Oil Fund (NYSE USO) traded down 3.85% on Wednesday, reaching $9.23. The company had a trading volume of 60,527,455 shares. The company’s 50-day moving average is $9.99 and its 200-day moving average is $10.82. United States Oil Fund has a 52-week low of $9.20 and a 52-week high of $12.04.
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United States Oil Fund Company Profile
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.
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