01 — USO · WHEEL STRATEGY

Best USO wheel strategy 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

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Cash-secured put · first leg of the wheel

$162.5 put · Dec 4

34 DAYS · 3.8% OTM · SELL TO OPEN

Credit

$877

Return

5.19%

PoP

63%

Strike	Expiration	Credit	Return ↓	PoP
$163 3.5% OTM	Dec 4 34 days	$829 $8.29 / share	4.91%	62%
$164 2.9% OTM	Dec 4 34 days	$784 $7.84 / share	4.64%	61%
$157.5 6.7% OTM	Dec 4 34 days	$735 $7.35 / share	4.35%	70%
$162 4.0% OTM	Dec 4 34 days	$727 $7.27 / share	4.31%	64%
$161 4.6% OTM	Dec 4 34 days	$687 $6.87 / share	4.07%	65%
$164 2.9% OTM	Nov 27 27 days	$684 $6.84 / share	4.05%	61%
$159 5.8% OTM	Dec 4 34 days	$672 $6.72 / share	3.98%	68%
$156 7.6% OTM	Dec 4 34 days	$665 $6.65 / share	3.94%	72%
$160 5.2% OTM	Dec 4 34 days	$640 $6.40 / share	3.79%	67%