USO Options Are Pricing an $11 Move Into August 7 — Our Technical Read Sees Half That

United States Oil Fund — ticker USO — here's the read for August 1, 2026. Shares closed at $128.86, and the options market is leaning slightly bullish into the August 7 expiration. Traders are pricing a possible swing between $117 and $140 over the next six trading days — that's the box the market thinks USO lives in. And there's one number that breaks the whole story: a close below $127. If…

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