United States Oil Fund (USO) spreader of 3400 contracts of May 148 calls and June 157 calls
United States Oil Fund (NYSE: USO) 30-day option implied volatility is at 76; compared to its 52-week range of 26 to 128. Call put ratio 1.1 calls to 1 put with a focus on a spreader of 3400 contracts of May 148 calls and June 157 calls.
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