01 — USO · BEAR CALL SPREADS

Best USO bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

WTI crude futures tracker with structural roll cost and event-driven moves around OPEC and inventories.

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United States Oil Fund
Commodity ETF
USO
$168.19+15.5% / 30d
IV rank (1y)
11.3% · low
Option vol
51K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$180/$182.5 call spread · Dec 4
36 DAYS · 8.1% OTM · 3 WIDE · SELL TO OPEN
Credit
$143
Return
133.64%
PoP
62%
SpreadExpirationCreditReturn ↓PoP
$177.5 / $180
6.6% OTM · 3 wide
Nov 27
29 days
$119
$1.19 / share
90.84%61%
$176 / $180
5.7% OTM · 4 wide
Nov 20
22 days
$115
$1.15 / share
40.35%61%
$180 / $182.5
8.1% OTM · 3 wide
Nov 27
29 days
$56
$0.56 / share
28.87%64%
$182.5 / $185
9.6% OTM · 3 wide
Nov 27
29 days
$30
$0.30 / share
13.64%68%
5 of 5 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $180/$182.5 call spread · 36 DTE

$0+$143−$107$183 LONG$181.43 BE$180 SHORT

Key numbers

Premium collected+$143
Max profit+$143
Max loss−$107
Breakeven$181.43
Spread$180 / $182.5
Probability of profit62%
Days to expiration36

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on USO.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.