10000 USO Feb 9/11 put spreads went up in 2 blocks on ARCA
Shares of United States Oil Fund (USO) are down .40 to 12.99 today.? ?USO is near the lower end of the 52 week range.
- Paper traded 10000 USO Feb 9/11 put spreads for .27. ?
- The ADV is 206k contracts.?
- The OI is less than 2000 contracts.
The volume went up in 2 blocks on ARCA marked spread. ?There was substantial rolling activity today where traders sold out of winning puts into lower strike puts.? This Feb put spreads looked like a straight short delta buy looking for more downside in USO.
- IV 30 is trading 43%.?
- HV10 is trading for 36%.?
- IV 30 is trading below the HV 10.
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. The investment objective of USO is for changes in percentage terms of its shares? per share net asset value (NAV) to reflect the changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange (the NYMEX). The Company?s general partner is United States Commodity Funds LLC. The net assets of USO consist primarily of investments in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the NYMEX, ICE Futures or other the United States and foreign exchanges.