Learn/Bear Call Spreads/USO

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
$168.83+15.9% / 30d
IV rank (1y)
9.1% · low
Option vol
32K /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
$182.5/$185 call spread · Dec 4
34 DAYS · 8.1% OTM · 3 WIDE · SELL TO OPEN
Credit
$180
Return
257.14%
PoP
64%
SpreadExpirationCreditReturn ↓PoP
$182.5 / $185
8.1% OTM · 3 wide
Nov 27
27 days
$48
$0.48 / share
23.76%67%
$180 / $182.5
6.6% OTM · 3 wide
Nov 27
27 days
$15
$0.15 / share
6.38%63%
3 of 3 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $182.5/$185 call spread · 34 DTE

$0+$180−$70$185 LONG$184.30 BE$183 SHORT

Key numbers

Premium collected+$180
Max profit+$180
Max loss−$70
Breakeven$184.30
Spread$182.5 / $185
Probability of profit64%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      04 — By condition

      Read by market condition

      01
      High Implied Volatility
      READ →
      02
      Range-Bound Market
      READ →
      03
      Earnings Week
      READ →
      04
      Bullish Trend
      READ →
      05
      Post-Earnings IV Crush
      READ →

      05 — RUN IT LIVE

      See the highest chance of profit on USO.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

      Analyze USO free →