United States 12 Month Oil Fund LP (USL) Covered Calls

Running USL covered calls helps you generate consistent income from United States 12 Month Oil Fund LP's shares you already own, turning a long stock position into a yield-producing asset. A covered call on United States 12 Month Oil Fund LP involves holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike price. Use our scanner to find the best USL covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call is one of the most widely used options strategies because it pairs limited risk with a clear income profile: if USL stays below the strike at expiration, you keep the premium and the shares; if it rises above, you deliver the stock at the strike and still pocket the premium. Selling USL covered calls works best when implied volatility is elevated, since richer premiums improve the risk-reward. Key inputs to evaluate include strike selection relative to delta, days to expiration, annualized return, and the probability of assignment — all of which determine whether a given United States 12 Month Oil Fund LP covered call is worth writing.

The United States 12 Month Oil Fund, LP (USL) is an exchange-traded security that is designed to track the daily price movements of West Texas Intermediate ("WTI") light, sweet crude oil. USL issues shares that may be purchased and sold on the NYSE Arca.

Income-focused investors, long-term USL holders, and systematic premium sellers all face the same challenge: finding the covered call strike and expiry that balances yield against the risk of being called away. Our scanner ranks covered calls by annualized return, downside protection, and probability of profit, so selling USL covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best United States 12 Month Oil Fund LP covered calls come to you, already filtered for the metrics that matter.