Trading a USL straddle lets you take a pure volatility position on United States 12 Month Oil Fund LP without committing to a direction. United States 12 Month Oil Fund LP's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate USL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on USL profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when United States 12 Month Oil Fund LP stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the USL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
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.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the USL straddle is the cleanest expression of that view. Our scanner prices every USL straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a USL straddle into a catalyst or short a USL straddle to harvest decay, the options straddle setups that matter are all in one place.
