Every number here is computed from the traded USO options chain. The call wall is where dealer hedging accumulates above spot, the put wall is its mirror below, and the gamma flip is the level where hedging switches from running against the move to running with it.
USO closed at $145.41 on Nov 4, 2026. Price was 5.07% below the gamma flip at $153.18.
The call wall is at $153.00. The put wall is at $145.00. Below the flip, dealer hedging adds to price moves.
Computed
Orange: negative gamma zone.Blue: positive gamma zone.
A read of structure from open-interest levels, not a directional forecast. The complete gamma exposure guide
The last recorded price. Every distance on this page is measured from it.
The largest cluster of call gamma. It often acts as a ceiling that slows a rally.
Read the explainerThe largest cluster of put gamma. It often acts as a floor that slows a decline.
Read the explainerWhere net gamma changes sign. Above it moves tend to calm, below it they tend to speed up.
Read the explainerLast completed session, from the Finviro engine close archive · today's session levels refresh every five minutes inside the platform.
United States Oil Fund, LP is an exchange-traded fund, listed since 2006, with about $19.8B in assets. The fund's price follows what it holds, so it moves with its basket, not with one company.
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO…
Its beta is 2.22: the fund usually moves more than the broad market, with wider swings up and down.
On the price was $145.37, below its 50-day simple average (DMA-50 at $151.05) by 3.8%, and above its 200-day average (DMA-200 at $124.84) by 16%. Above the 200-day and below the 50-day: the long trend is up and the near-term move has pulled back.
A fund does not publish earnings and revenue statements like a company, so its numbers are read from its assets and its price.
These numbers describe the fund's size and nature and change slowly, while gamma levels describe how the fund moves within the session.
At the Nov 4, 2026 close, USO closed at $145.41: 4.96% below the call wall and 0.28% above the put wall. The gap between the two walls was 5.50% of the price. The close sat 5.07% below the gamma flip.
Over the last 52 weeks, USO traded between $65.99 (Dec 16, 2025) and $171.82 (Oct 30, 2026). The last close of $145.41 on Nov 4, 2026 is 15.37% below the high and 120.37% above the low.
Over three months USO outperformed SPY by 22.56 percentage points.
Closing prices from completed daily candles. A description of what happened, not a forecast.
Live walls, gamma flip, regime, options chain and archive for USO are for members.
