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Oil volatility drives options traders to USO

CNBC Markets says the United States Oil Fund offers a more accessible way to express views on oil prices than the oil futures market.

Reported · Written up by our desk · ETFs

Oil volatility is giving options traders a new focus, with attention shifting to the United States Oil Fund, or USO, the ETF designed to track oil prices.

CNBC Markets reports that USO can serve as a liquid, more approachable alternative to using oil futures, which can be more complex for many traders.

The outlet highlights that USO’s options market provides an accessible path for equity options traders looking to engage with oil price swings without going through the futures market directly.

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