BNO United States Brent Oil Fund, LP

ETF 67.19 Delayed

ETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BNO $67.19 —
Key stats
$67.19
52-Week Range
$27.14 – $67.49
YTD
+137.84%
IV Rank (30D)
61.92
Straddle Price
$7.33
P/C Vol Ratio
1.23
Open
$64.85
Day Range
$64.53 – $67.49
Volume
2,286,553
Prev Close
$64.86
About

United States Brent Oil Fund, LP (BNO) ETF

No description available.

Exchange
ARCX
Inception
2010-06-02
Has Options
Yes
Fund profile
Commodity Oil#2 of 6 by assets USCF
Commodity pool: likely to report on a Schedule K-1 rather than a 1099. Check the prospectus.
Expense ratio
—
Assets
$804M
shares × price, Oct 15, 2026
Trailing yield
—
Average daily volume
$124M
30 sessions
Holdings
—
Listed
Jun 2, 2010
NYSE Arca
Closure risk, 12 months
0.1%
low: volatility · model
FrenzyCap ETF score
87
how it is built
Costn/a
Liquidity100
Scale71
Diversificationn/a

Moves with. US large-cap stocks (13% of its variance, beta -1.29); Long Treasuries (10% of its variance, beta -1.15); Developed markets ex-US over US (7% of its variance, beta -1.29); Value over growth (3% of its variance, beta 0.48). These factors explain 33% of its daily moves over the last year, so most of what drives this fund is something else.

Overlap toolAll Oil ETFs

Fund flows

This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.

Similar funds
FundOverlapFeeAssets1Y
USOUnited States Oil Fund, LP——$2.0B+128.0%compare
DBOInvesco DB Oil Fund——$304M+100.3%compare
OILKProShares K-1 Free Crude Oil ETF—0.69%$239M+55.7%compare
UGAUnited States Gasoline Fund, LP——$164M+133.3%compare
USLUnited States 12 Month Oil Fund, LP——$52M+81.5%compare

The largest other funds in the Oil category.

ETF Profile
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan8.70%14.37%3.80%6.85%1.76%16.64%8.69%
Feb15.22%12.28%0.51%5.28%-2.90%11.29%6.95%
Mar-0.56%1.91%-5.04%5.35%5.64%39.29%7.76%
Apr3.99%2.55%-4.84%-0.68%-16.73%16.29%0.10%
May2.50%9.38%-8.48%-1.93%2.75%-11.66%-1.24%
Jun7.00%-3.39%1.72%9.88%4.59%-22.48%-0.45%
Jul0.21%-2.88%14.24%-4.75%7.90%27.84%7.09%
Aug-1.42%-3.85%2.73%-2.85%-2.00%10.47%0.51%
Sep10.85%-5.79%5.35%-1.43%-3.38%8.15%2.29%
Oct6.51%6.34%-4.13%1.03%-0.67%6.74%*2.64%
Nov-16.78%-7.16%-5.49%-0.21%-1.69%---6.27%
Dec13.83%-1.26%-2.64%4.10%-2.98%--2.21%
Total56.94%21.62%-4.28%21.42%-9.59%134.75%36.81%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $62.20
SMA 50: $57.81
SMA 200: $47.78
Current: $67.19
EMA 12: $63.99
EMA 26: $61.78
MACD: 2.2174 | Signal: 0.1799
BULLISH
ADX (14): 28.53
TREND
+DI: 38.79
−DI: 17.47

Momentum Oscillators

RSI (14): 69.87
NEUTRAL
Stoch %K: 91.11
Stoch %D: 90.11
Williams %R: -3.37

Volume & Volatility

BB Upper: $67.18
BB Lower: $57.23
OVERBOUGHT
OBV: 71,909,930
Vol SMA 20: 1,982,238
Vol ROC: 6.40%
ATR: $1.95
True Range: $2.95
HV 20: 37.8%
HV 30: 39.7%
HV 60: 47.6%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis

LLM Stock Analysis Report

SYMBOL: BNO CURRENT PRICE: $58.81

Executive Summary: BULLISH (Confidence Level: 8/10) Key drivers: Bullish momentum, strong technical signals, and neutral news sentiment. Primary risks: High volatility, potential downturn if oil prices decline.

Technical Analysis:

  • Trend Direction: Medium-term uptrend (1-3 months) with a short-term pullback (1-4 weeks).
  • Support/Resistance Levels: SMA 20 ($55.79), SMA 50 ($52.03), and Bollinger Bands Upper ($60.91).
  • Momentum Signals:
    • RSI interpretation: Neutral (61.78) with no buy/sell signal.
    • MACD signal: Bullish, confirming uptrend.
    • Bollinger Bands position: Neutral, indicating consolidation.
  • Volume Analysis: Volume SMA 20 is declining (-37.06%), indicating reduced institutional interest.

News & Sentiment Analysis:

  • Recent Headlines Summary: Mostly neutral news headlines, with no significant sentiment impact on the stock price.
  • Sentiment Assessment: Aggregate sentiment is neutral (4/5 NEUTRAL headlines).
  • Catalyst Identification: No imminent catalysts or earnings dates available.

Risk & Volatility Assessment:

  • Beta Interpretation: High risk (-1.16 vs SPY), indicating inverse correlation with the market.
  • Volatility Regime: Currently experiencing low volatility (0.41) compared to historical levels.
  • Options Market Signals: IV Rank is high (100%), indicating historically high volatility; Put/Call Volume Ratio is 0.08, suggesting bullish sentiment.

Market Context & Positioning:

  • Sector Performance: BNO's sector (Energy) is performing well relative to the market.
  • Institutional Activity: Reduced institutional interest (volume SMA 20 decline).
  • Correlation Analysis: Strong inverse correlation with the market (-0.35).

Key Levels & Action Items:

  • Critical Price Levels: Support at SMA 20 ($55.79) and Resistance at Bollinger Bands Upper ($60.91).
  • Breakout/Breakdown Levels: A close above $60.91 or below $52.03 could trigger significant price movements.
  • Time-Sensitive Catalysts: None available.
  • Risk Management: Set stop-loss levels around SMA 20 and consider scaling out of positions if the stock approaches Bollinger Bands Upper.

Additional Insights:

  • Data quality flags: No missing data sources or unusual technical readings.
  • Quantify confidence: Analysis confidence is 8/10 due to strong technical signals and neutral news sentiment.
Generated
News
All BNO news →
Showing 1–10 of 50
Page 1 of 5

BNO Options Activity & IV Rank

BNO IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 50.4%
7-DTE IV: 47.9%
Expected Move: $7.33
7-DTE Move: $3.62
Days to Exp: 28 (2026-11-13)

Options Flow

Call Volume: 233
Put Volume: 286
P/C Volume: 1.227
NEUTRAL
Call OI: 853
Put OI: 1,194
P/C OI: 1.4
Total OI: 2,047

ATM Options Pricing

ATM Call: $3.48
ATM Put: $3.85
Call %: 5.2%
Put %: 5.7%

Chain Summary

Chain Volume: 42,264
Chain OI: 311,120
Last Updated: 10/16/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 75th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
75%
vs own history
GEX tilt
+0.80
OI-weighted, today
Vanna tilt
-0.11
δ-sensitivity to IV
Charm tilt
-0.21
δ-decay vs time

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 144 ATM contracts, 111k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d 100%
+15.2 pts EXTREME
as of Oct 16 · ATM 48.7% / Wing 63.9%
30 DTE / 10d 100%
+8.5 pts EXTREME
as of Oct 16 · ATM 49.4% / Wing 58.0%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)30.4MediumOct 16
IV Rank (30 DTE)61.9MediumOct 16
Straddle Price (30 DTE)$7.33Oct 16
Beta Analysis

Risk Metrics

Beta: -1.5186
Alpha: 123.28%
Correlation: -0.4073
R-Squared: 16.6%
Stock Volatility: 47.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Beta & Alpha Over Time

BNO Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

59 filers5,479,545 shares$223.21M value
# Filer Shares Value % of Total % of Float Period
1 CARRONADE CAPITAL MANAGEMENT, LP 1,350,365 $54.95M 24.62% — 2026-06-30
2 Citadel Advisors LLC Custodian 1,051,974 $42.80M 19.18% — 2026-06-30
3 Harvest Fund Management Co., Ltd 796,130 $32.38M 14.51% — 2026-06-30
4 E Fund Management Co., Ltd. 293,412 $11.94M 5.35% — 2026-06-30
5 Quadrature Capital Ltd 276,844 $11.26M 5.05% — 2026-06-30
6 CIBC Bancorp USA Inc. 225,000 $9.16M 4.10% — 2026-06-30
7 Wells Fargo & Company Custodian 171,750 $6.99M 3.13% — 2026-06-30
8 GROUP ONE TRADING LLC Custodian 165,320 $6.73M 3.01% — 2026-06-30
9 HRT FINANCIAL LP 141,223 $5.75M 2.57% — 2026-06-30
10 Mountain Lake Investment Management LLC 96,318 $3.92M 1.76% — 2026-06-30
11 Jump Financial, LLC 89,135 $3.64M 1.63% — 2026-06-30
12 Bank of America Corp Custodian 83,850 $3.41M 1.53% — 2026-06-30
13 EASTERLY INVESTMENT PARTNERS LLC 70,000 $2.85M 1.28% — 2026-06-30
14 Daiwa Securities Group Inc. 61,800 $2.51M 1.13% — 2026-06-30
15 Virtu Financial LLC 60,678 $2.47M 1.11% — 2026-06-30
16 Clear Street Group Inc. 57,500 $2.34M 1.05% — 2026-06-30
17 JPMorgan Chase & Co Custodian 55,152 $2.25M 1.01% — 2026-06-30
18 Belvedere Trading LLC 50,148 $2.05M 0.92% — 2026-06-30
19 FLOW TRADERS U.S. LLC 38,195 $1.55M 0.70% — 2026-06-30
20 Jane Street Group, LLC Custodian 33,002 $1.34M 0.60% — 2026-06-30
21 IMC-Chicago, LLC Custodian 29,432 $1.20M 0.54% — 2026-06-30
22 Cascade Financial Partners, LLC 22,000 $895.18K 0.40% — 2026-06-30
23 Ignite Planners, LLC 21,365 $872.31K 0.39% — 2026-06-30
24 PRELUDE CAPITAL MANAGEMENT, LLC 20,000 $813.80K 0.36% — 2026-06-30
25 TWO SIGMA SECURITIES, LLC 18,982 $772.38K 0.35% — 2026-06-30
22 filers$221.91M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $33.69M 15.18% 2026-06-30
2 IMC-Chicago, LLC Custodian $32.58M 14.68% 2026-06-30
3 Simplex Trading, LLC Custodian $31.34M 14.12% 2026-06-30
4 Susquehanna International Group, LLP Custodian $28.45M 12.82% 2026-06-30
5 Jane Street Group, LLC Custodian $26.06M 11.74% 2026-06-30
6 PLUSTICK MANAGEMENT LLC $18.31M 8.25% 2026-06-30
7 FIRST SABREPOINT CAPITAL MANAGEMENT LP $18.31M 8.25% 2026-06-30
8 GROUP ONE TRADING LLC Custodian $15.76M 7.10% 2026-06-30
9 LMR Partners LLP $3.54M 1.60% 2026-06-30
10 Arrington Capital Management, LLC $3.46M 1.56% 2026-06-30
11 Belvedere Trading LLC $3.07M 1.38% 2026-06-30
12 Shay Capital LLC $2.69M 1.21% 2026-06-30
13 Point72 Asset Management, L.P. $1.42M 0.64% 2026-06-30
14 JPMorgan Chase & Co Custodian $853.76K 0.38% 2026-06-30
15 Wolverine Trading, LLC Custodian $618.94K 0.28% 2025-09-30
16 Wells Fargo & Company Custodian $508.62K 0.23% 2026-06-30
17 FOURPATH CAPITAL MANAGEMENT, LLC $447.59K 0.20% 2026-06-30
18 K2 PRINCIPAL FUND, L.P. $406.90K 0.18% 2026-06-30
19 Parallax Volatility Advisers, L.P. $321.45K 0.14% 2026-06-30
20 Collaborative Wealth Managment Inc. $69.17K 0.03% 2026-06-30
21 Hurley Capital, LLC $88 0.00% 2026-06-30
22 FNY Investment Advisers, LLC $0 0.00% 2026-06-30
8 filers$78.00M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $40.12M 51.43% 2026-06-30
2 IMC-Chicago, LLC Custodian $10.05M 12.88% 2026-06-30
3 Susquehanna International Group, LLP Custodian $8.86M 11.36% 2026-06-30
4 Jane Street Group, LLC Custodian $6.91M 8.86% 2026-06-30
5 GROUP ONE TRADING LLC Custodian $4.20M 5.39% 2026-06-30
6 JPMorgan Chase & Co Custodian $3.30M 4.23% 2026-06-30
7 Simplex Trading, LLC Custodian $3.01M 3.86% 2026-06-30
8 Belvedere Trading LLC $1.55M 1.99% 2026-06-30
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
3.00M
SI % of Float
24.23%
Days to Cover
1.24
Short Vol Ratio
53.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-16
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month