USO gamma max, delta neutral & open interest levels
As of close · rank #67 by open interest · 1,379 sessions of history since Dec 1, 2020
USO closed 11.3% below its gamma max of 172.40. It is 9.5% above the delta neutral price of 140.12. Total open interest is 1,697,418, +2.1% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 2% |
| Gamma max crosses | 8 |
| Delta neutral crosses | 19 |
| Open interest percentile (1y) | 83th |
| Open interest change, 5 sessions | +8.1% |
| Open interest change, 21 sessions | +18.4% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed above delta neutral at 118.87 vs 117.63 (+1.0%)
- closed below delta neutral at 115.78 vs 119.57 (-3.3%)
- closed below gamma max at 136.69 vs 153.28 (-12.1%)
- closed above gamma max at 139.49 vs 136.67 (+2.0%)
- closed above delta neutral at 117.79 vs 111.51 (+5.3%)
- closed below delta neutral at 128.80 vs 129.57 (-0.6%)
- closed above delta neutral at 135.50 vs 131.14 (+3.2%)
- closed below delta neutral at 131.04 vs 131.58 (-0.4%)
- closed below gamma max at 104.33 vs 114.00 (-9.3%)
- closed above gamma max at 108.77 vs 102.85 (+5.4%)
In today's screens
Neighbours by open interest
Questions people ask about USO
Where is USO's gamma max today?
As of Sep 11, 2026, the gamma max for USO is 172.40, +11.3% from the 154.90 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is USO above or below its delta neutral price?
USO closed above delta neutral: 154.90 against a delta neutral price of 140.12. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does USO have?
1,697,418 contracts of open interest across 3,510 listed contracts on Sep 11, 2026, +2.1% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.