UCO ProShares Ultra Bloomberg Crude Oil

ETF 28.49 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.

UCO $28.49 —
Key stats
$28.49
52-Week Range
$18.12 – $57.36
YTD
+47.85%
IV Rank (30D)
100.0
Straddle Price
$6.30
P/C Vol Ratio
0.40
Open
$56.06
Day Range
$56.02 – $57.17
Volume
2,270,237
Prev Close
$57.05
About

ProShares Ultra Bloomberg Crude Oil (UCO) ETF

No description available.

Exchange
ARCX
Inception
2008-11-24
Has Options
Yes
Fund profile
Leveraged & Inverse Leveraged & Inverse Commodity#4 of 25 by assets ProShares WTI Crude Oil Index-tracking
Resets to 2x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 2x the benchmark, especially when it is volatile. Decay analysis
Commodity pool: likely to report on a Schedule K-1 rather than a 1099. Check the prospectus.
Expense ratio
—
Assets
$414M
shares × price, Oct 9, 2026
Trailing yield
—
Average daily volume
$131M
30 sessions
Holdings
—
Listed
Nov 24, 2008
NYSE Arca
Closure risk, 12 months
0.1%
low: volatility, leveraged or inverse · model
FrenzyCap ETF score
82
how it is built
Costn/a
Liquidity100
Scale60
Diversificationn/a

Moves with. Long Treasuries (11% of its variance, beta -1.63); US large-cap stocks (8% of its variance, beta -1.30); Developed markets ex-US over US (6% of its variance, beta -1.61); Value over growth (4% of its variance, beta 0.94). These factors explain 30% of its daily moves over the last year, so most of what drives this fund is something else.

Overlap toolAll Leveraged & Inverse Commodity 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
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UGLProShares Ultra Gold——$752M−7.8%compare
BOILProShares Ultra Bloomberg Natural Gas——$400M−63.3%compare
GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF——$235M+82.3%compare

The largest other funds in the Leveraged & Inverse Commodity category.

ETF Profile
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan15.97%26.43%4.17%11.52%-0.28%25.06%13.81%
Feb29.64%15.32%-1.54%7.75%-4.91%17.05%10.55%
Mar-1.07%5.38%-5.97%8.98%6.87%41.77%9.33%
Apr5.78%2.35%-7.27%-1.38%-29.86%28.41%-0.33%
May6.47%15.63%-17.26%-0.64%3.85%-6.95%0.18%
Jun14.64%-12.66%2.83%16.16%4.28%-27.92%-0.45%
Jul-0.49%-9.31%30.68%-9.35%13.69%26.51%8.62%
Aug-4.43%-5.95%4.68%-7.51%-4.44%18.11%0.08%
Sep17.46%-18.22%5.44%-2.79%-8.17%12.57%1.05%
Oct11.42%10.78%-7.55%-0.82%-3.42%3.97%*2.40%
Nov-29.81%-5.24%-9.96%-1.43%-5.08%---10.30%
Dec30.48%-1.62%-7.05%9.21%-6.21%--4.96%
Total118.90%14.40%-15.08%29.70%-33.97%212.57%54.42%
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: $53.39
SMA 50: $47.39
SMA 200: $38.27
Current: $56.81
EMA 12: $54.39
EMA 26: $52.10
MACD: 2.2882 | Signal: 0.0438
BULLISH
ADX (14): 29.58
TREND
+DI: 33.48
−DI: 15.98

Momentum Oscillators

RSI (14): 68.53
NEUTRAL
Stoch %K: 87.97
Stoch %D: 84.64
Williams %R: -7.53

Volume & Volatility

BB Upper: $56.61
BB Lower: $50.18
OVERBOUGHT
OBV: 192,495,117
Vol SMA 20: 2,482,712
Vol ROC: -20.65%
ATR: $1.93
True Range: $1.15
HV 20: 35.4%
HV 30: 38.7%
HV 60: 58.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

UCO Options Activity & IV Rank

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

Volatility Metrics

Current IV: 118.5%
7-DTE IV: 127.7%
Expected Move: $6.30
7-DTE Move: $6.30
Days to Exp: 18 (2026-03-20)

Options Flow

Call Volume: 909
Put Volume: 368
P/C Volume: 0.405
BULLISH
Call OI: 23,910
Put OI: 8,444
P/C OI: 0.353
Total OI: 32,354

ATM Options Pricing

ATM Call: $3.40
ATM Put: $2.90
Call %: 11.9%
Put %: 10.2%

Chain Summary

Chain Volume: 4,920
Chain OI: 63,636
Last Updated: 3/2/2026
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 48th 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
48%
vs own history
GEX tilt
+0.73
OI-weighted, today
Vanna tilt
+0.18
δ-sensitivity to IV
Charm tilt
-0.18
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.

· 23 ATM contracts, 26k 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 —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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)100.0HighMar 2
IV Rank (30 DTE)100.0HighMar 2
Straddle Price (30 DTE)$6.30Mar 2
Beta Analysis

Risk Metrics

Beta: -1.4148
Alpha: 137.41%
Correlation: -0.2982
R-Squared: 8.9%
Stock Volatility: 61.9%
Market Volatility: 13.0%

Analysis Details

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

UCO 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.

36 filers1,306,160 shares$43.45M value
# Filer Shares Value % of Total % of Float Period
1 Citadel Advisors LLC Custodian 534,702 $17.62M 40.55% — 2026-06-30
2 Quadrature Capital Ltd 184,735 $6.09M 14.01% — 2026-06-30
3 IMC-Chicago, LLC Custodian 138,993 $4.58M 10.54% — 2026-06-30
4 Citigroup Inc. Custodian 100,300 $3.30M 7.61% — 2026-06-30
5 Belvedere Trading LLC 87,430 $2.88M 6.63% — 2026-06-30
6 HRT FINANCIAL LP 72,530 $2.39M 5.50% — 2026-06-30
7 StoneX Group Inc. 38,704 $1.67M 3.85% — 2026-06-30
8 Goldman Sachs Group Inc Custodian 50,095 $1.65M 3.80% — 2026-06-30
9 Quantum Financial Advisors, LLC 23,400 $771.03K 1.77% — 2026-06-30
10 Simplex Trading, LLC Custodian 20,537 $676.69K 1.56% — 2026-06-30
11 SIG BROKERAGE, LP 13,100 $431.64K 0.99% — 2026-06-30
12 WT Wealth Management 7,341 $241.89K 0.56% — 2026-06-30
13 MEANS INVESTMENT CO., INC. 7,286 $240.07K 0.55% — 2026-06-30
14 Jump Financial, LLC 7,229 $238.20K 0.55% — 2026-06-30
15 Ashton Thomas Private Wealth, LLC 6,157 $202.87K 0.47% — 2026-06-30
16 Morgan Stanley Custodian 4,485 $147.78K 0.34% — 2026-06-30
17 SIGNATUREFD, LLC 1,760 $57.99K 0.13% — 2026-06-30
18 SHP Wealth Management 1,238 $40.78K 0.09% — 2026-06-30
19 Blue Trust, Inc. 1,200 $39.54K 0.09% — 2026-06-30
20 Seneschal Advisors, LLC 1,110 $36.58K 0.08% — 2026-06-30
21 GROUP ONE TRADING LLC Custodian 1,052 $34.66K 0.08% — 2026-06-30
22 Farther Finance Advisors, LLC Custodian 640 $34.17K 0.08% — 2026-09-30
23 Wells Fargo & Company Custodian 733 $24.15K 0.06% — 2026-06-30
24 ROTHSCHILD INVESTMENT LLC 400 $13.18K 0.03% — 2026-06-30
25 Royal Bank of Canada Custodian 270 $9.00K 0.02% — 2026-06-30
4 filers$80.71M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $39.10M 48.45% 2026-06-30
2 Citadel Advisors LLC Custodian $19.88M 24.63% 2026-06-30
3 Jane Street Group, LLC Custodian $18.73M 23.21% 2026-06-30
4 Wolverine Trading, LLC Custodian $3.00M 3.72% 2025-09-30
4 filers$55.44M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $25.99M 46.87% 2026-06-30
2 Susquehanna International Group, LLP Custodian $15.89M 28.66% 2026-06-30
3 Jane Street Group, LLC Custodian $11.46M 20.66% 2026-06-30
4 Wolverine Trading, LLC Custodian $2.11M 3.80% 2025-09-30
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
2.48M
SI % of Float
34.00%
Days to Cover
1.00
Short Vol Ratio
40.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-09
Constituent Performance

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

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