United States Oil Fund LP (NYSE:USO) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 250,586 put options on the company. This is an increase of approximately 163% compared to the average volume of 95,182 put options.
United States Oil Fund (NYSE:USO) traded up 1.48% during mid-day trading on Tuesday, reaching $9.59. 6,801,680 shares of the company’s stock traded hands. United States Oil Fund has a one year low of $8.65 and a one year high of $12.00. The firm’s 50-day moving average price is $9.68 and its 200 day moving average price is $10.64.
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United States Oil Fund Company Profile
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.
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