01 — USO · COVERED CALLS

Best USO covered calls 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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02 — Live setups

Suggested strikes

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

Days to expiration
Probability of profit
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Top pick
$152 call · Jun 5
28 DAYS · 12.6% OTM · SELL TO OPEN
Credit
$1234
Annualized
119.18%
PoP
71%
StrikeExpirationCreditAnnualized PoP
$154
14.1% OTM
Jun 12
35 days
$1325
$13.25 / share
102.38%69%
$151
11.9% OTM
Jun 12
35 days
$1182
$11.82 / share
91.33%65%
$142
5.2% OTM
May 29
21 days
$628
$6.28 / share
80.87%60%
$143
6.0% OTM
May 29
21 days
$595
$5.95 / share
76.62%62%
$144
6.7% OTM
May 29
21 days
$590
$5.90 / share
75.98%64%
$162
20.0% OTM
Jun 12
35 days
$960
$9.60 / share
74.18%75%
$156
15.6% OTM
Jun 5
28 days
$730
$7.30 / share
70.51%75%
$145
7.4% OTM
May 29
21 days
$532
$5.32 / share
68.51%64%
$144
6.7% OTM
Jun 5
28 days
$690
$6.90 / share
66.64%60%
10 of 47 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $152 call · 28 DTE

$0+$2,937losses$122.63 BREAKEVEN$152 STRIKE

Key numbers

Premium collected+$1,234
Max profit+$2,937
Breakeven$122.63
Capped above$152
Probability of profit71%
Days to expiration28

When this trade makes sense

Use when

  • You already own 100+ shares of the stock
  • You'd be fine selling at the strike price
  • You think the stock goes flat or slightly up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to rip higher
  • You're attached to the shares (tax, conviction)
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full covered calls 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.