USO Options Are Pricing a ±$8.75 Move Into August 14 — and $120 Is the Line That Decides It

Alright, United States Oil Fund — ticker USO. It's August 8, 2026, and here's where things stand. USO closed at $118.03, and the options market is leaning slightly bearish heading into the August 14 expiration. Traders are pricing a trading band of roughly $109.28 on the low end to $126.77 on the high end between now and then. But here's the one number that matters most: if USO closes above $120…

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