USOUnited States Oil Fund LP
USO Fund Description
USO holds predominantly short-term NYMEX futures contracts on WTI crude oil.
USO Factset Analytics Insight
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
USO Portfolio Data
USO Index Data
USO Portfolio Management
USO Tax Exposures
USO Fund Structure
USO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of USO. USO is rated a 5 out of 5.
USO Sector Breakdown
USO Top 10 Targeted Commodity Weights
USO Tenor Strategy
USO invests 80% of its portfolio in front month contracts and 20% in second month contract, except when the front month expires in two weeks, then USO will roll into the second and third month contract.
USO Rolling Strategy
USO is rolled over the course of four days.
USO Performance Statistics
Options Strategies for Outcome Investing
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A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.