01 — USO · BULL PUT SPREADS

Best USO bull put 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
$157.5/$155 put spread · Dec 4
36 DAYS · 5.5% OTM · 3 WIDE · SELL TO OPEN
Credit
$185
Return
284.62%
PoP
69%
SpreadExpirationCreditReturn ↓PoP
$157.5 / $155
5.5% OTM · 3 wide
Nov 20
22 days
$170
$1.70 / share
212.5%72%
$162 / $159
2.7% OTM · 3 wide
Dec 4
36 days
$198
$1.98 / share
194.12%63%
$162.5 / $160
2.4% OTM · 3 wide
Dec 4
36 days
$163
$1.63 / share
187.36%62%
$156 / $153
6.3% OTM · 3 wide
Dec 4
36 days
$185
$1.85 / share
160.87%71%
$154 / $151
7.5% OTM · 3 wide
Dec 4
36 days
$171
$1.71 / share
132.56%74%
$163 / $160
2.1% OTM · 3 wide
Dec 4
36 days
$141
$1.41 / share
88.68%61%
$156 / $153
6.3% OTM · 3 wide
Nov 27
29 days
$137
$1.37 / share
84.05%73%
$161 / $158
3.3% OTM · 3 wide
Nov 27
29 days
$133
$1.33 / share
79.64%65%
$163 / $160
2.1% OTM · 3 wide
Nov 20
22 days
$132
$1.32 / share
78.57%63%
10 of 35 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $157.5/$155 put spread · 36 DTE

$0+$185−$65$155 LONG$155.65 BE$158 SHORT

Key numbers

Premium collected+$185
Max profit+$185
Max loss−$65
Breakeven$155.65
Spread$157.5 / $155
Probability of profit69%
Days to expiration36

When this trade makes sense

Use when

    Avoid when

      Read the full bull put 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.