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.

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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
$157.5/$155 put spread · Dec 4
34 DAYS · 6.7% OTM · 3 WIDE · SELL TO OPEN
Credit
$255
Return
25500%
PoP
70%
SpreadExpirationCreditReturn ↓PoP
$162.5 / $160
3.8% OTM · 3 wide
Dec 4
34 days
$237
$2.37 / share
1823.08%63%
$156 / $153
7.6% OTM · 3 wide
Dec 4
34 days
$228
$2.28 / share
316.67%72%
$163 / $160
3.5% OTM · 3 wide
Dec 4
34 days
$189
$1.89 / share
170.27%62%
$160 / $157
5.2% OTM · 3 wide
Nov 27
27 days
$126
$1.26 / share
72.41%68%
$164 / $161
2.9% OTM · 3 wide
Nov 27
27 days
$124
$1.24 / share
70.45%61%
$159 / $156
5.8% OTM · 3 wide
Nov 27
27 days
$115
$1.15 / share
62.16%69%
$157 / $154
7.0% OTM · 3 wide
Dec 4
34 days
$114
$1.14 / share
61.29%70%
$158 / $155
6.4% OTM · 3 wide
Dec 4
34 days
$108
$1.08 / share
56.25%69%
$158 / $155
6.4% OTM · 3 wide
Nov 27
27 days
$106
$1.06 / share
54.64%71%
10 of 22 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 · 34 DTE

$0+$255−$-5$155 LONG$154.95 BE$158 SHORT

Key numbers

Premium collected+$255
Max profit+$255
Breakeven$154.95
Spread$157.5 / $155
Probability of profit70%
Days to expiration34

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.

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

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