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United States Oil Fund, LP (USO)

NYSE
Symbol
Exchange
Currency
USONYSEUSD
USOMexicoMXN
Currency in USD
Disclaimer
79.70
+0.92(+1.17%)
Real-time Data

USO Comments

26 tonight
Anyone still buying call options regardless the price not exactly match to futures anymore ?
Price predictions for this week?
29
If OIL returns to pre-crisis values, also USO will return to pre-crisis values?  If OIL returns to 60$, also USO will return to 100$?
Is it good news or bad news for people who expect direct correlation?
uso for example it will grow just when oil price in may is 40 and in june 39.80 .. case they sell in may whit 40 and buy in june whit 39.80... like this is work .. now ofc it is up case nothing more worst then negative price oil
Don't really know if you are right but love the way that you are thinking.
consolidating
what does it mean when you get a Cash in Lieu Settlement with one of your USO stocks.. Old settlement was $0.00 and New New cash Settlement is $8.18. Can I please get Some Guidance what this means
Settlement for what?
 I had Stock Shares in USO before the split and now i just got a notice dat its on a Cash in Lieu Settlement... from the numbers above... i had a 4 call til 10/16 and  just trying to figure it out bc i still have the stocks .. havent sold them at all yet...
How many stocks did you have And how much did they offer you
If they have bought June contracts @12$ instead of selling it would be 50$ now.
So true, freaking amateurs
Very soon 40-52 $ and it will stabilize.then you may play..
You think so
Yess...max 3-4 months..September-november everything will be set up and purchased for the next year..
Better to buy oil companies share
24.50-24.85
What do you think It will be 3 months from now
23.8-24
What do you think this will be in 3 months ??
i dont have crystal ball
Is this the CURRENT  8-K ? Looks like they are currently  in Sept x2 and DeC x 1 ? http://www.uscfinvestments.com/documents/united-states-oil-fund-8-k-20200421.pdf
Today closing price will be 24.34-24.76 (might delay into after hours)
25 soon?
Under 20.00
The managers of this fund panicked like rookies when they reverse split and restructured. They should be sued, what a joke!
I feel nauseous when thinking about their decision. they panic more than my child. if they kept the strategie now we were at least 40 usd. now almost half.
finally 22.5 tonight
What do you think will happen after the roll on the 19th?
never buy, they can just change its structure to **** u up like what they did to mine
time to buy?
Its a scam..
Front end of the future curve would be more volatile. To track underlying movements of this etf, we need to look at the future curve level from Jul to Dec instead of just the front month contract on investing.com. It is not even part of the holding anymore. It appears the targeting of the entire future curve will reduce the volatility induced by the front month moves and increase the survial probability of this etf. Moreover, it reduces the etf market share in a single given contract which makes it eaiser for other traders to front run this etf. This in theory should make this etf longer term oriented for crude bets than before.
I disagree, what happens when jul and dec get here. They’ll sell and push it back further. Which means in short , slow bleed to zero, Instead of roller coaster to zero.
 It is Jul to Dec, not just 2 contracts. Share of USO holdings in those contracts would be a lot less than the old setup which concentrated in two contracts. It appears USO is rebalancing daily to keep a constant exposure relative targeted expiration. If so, USO will not sell a single contract in bulk on a given date. Roll cost is there but smaller. Relative to the old USO, the new one may be ok to hold for a week or so if bullish on short term oil. The old one is only suitable to speculate intraday. There is a stochastic downtrend on this time series but the drift term is small relative to the volatility of the underlying; hence the possibility of short term upside is not hindered too much. It is definitely not something that people can buy and hold as part of asset allocation. But if shorting this purely based on the roll cost, it would still be a highly skewed return profile that is not worth the risk. Calendar spread on future would be a better to profit from contango with a hedge.
If WTI goes to $40 thats roughly a 75% increase. I think USO will increase about 30% over the same time. I bought at the old $4 price so that means this needs to get to $32 for me to break even. I dont think USO will ever get there.
same, going to sell soon at a loss
wait why would you need to get to $32 to break even if you bought at $4? did they have a bunch of reverse splits or something? I don't really know anything about USO
as long as the market is producing losers, winners are are making money. find correlations and enjoy the ride.
I think I just found out how this etf works. They have 52% invesment in oil contracts, biggest invest in Decembar 2020(25%),and other(june-november ~15%)They have 48% portfolio in cash and bonds. Thats the reason why cruide oil price gain yesterday did not reflect to price of this ETF.
it “tries” to track oil price. And oil’s chart is not very different. If you think oil will not go up, then don’t buy, or sell your position. If you think oil will go up, but this etf won’t, then please explain why do you think so?
What do you think will happen after the roll on the 19th?
What do you think will happen after the roll on the 19th?
Weird ETF... I was wondering why WTI was increasing ~5% today but this was going down the entire day. When I bought it, its holdings were WTI futures contracts that rotated the front-month contract out 2 weeks in advance. What I don't remember is it also being filled with a MASSIVE amount of US treasury bills: http://www.uscfinvestments.com/holdings/uso Pardon my ignorance, but what happened to this ETF?  Same with USL...
 Thanks!
they press the price in order to adjust this disparate ratio. the premium is still 1.45% left
A future position does not need actual payment to enter into. You only need to provide enough margin. The cash and T bills are there to make the margin. The notional value of all crude futures roughly equal to cash collateral values and nav of the fund. You are getting roughly an unlevered and equal weighted exposure to crude future curve from Jul to Dec. Roll loss is still there but the curve is flat enough now. It is now about the level movements of the whole curve. Frankly this new setup would meet retail investor expectation of etf better.
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