DBO · Invesco DB Oil Fund

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$20.73 -1.96 (-8.64%) At close · Jul 27

Market Cap

$433.65M

18.70M

Options Chain

15-min delayed Underlying $20.73 · today Options Calculator

Positioning

Aug 21, 2026 · 24 days to expiry · 42 contracts

Put / call OI

0.10

Call-heavy positioning

Open interest

865

contracts outstanding

Volume

2,016

traded today

Max pain

$18.00

$2.73 below spot

ATM implied vol

44.4%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 24d Sep 18 52d Oct 16 80d Jan 15 171d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	322%	0.921	—		—	—	—	—	0
Call · $9 In the money Last — Breakeven — Implied vol 322% Delta 0.921 ≈92% ITM Gamma 0.008 Theta -0.051 Vega 0.009 Open interest 0 Model this call Put · $9 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	240.1%	0.931	—		—	—	—	—	0
Call · $10 In the money Last — Breakeven — Implied vol 240.1% Delta 0.931 ≈93% ITM Gamma 0.01 Theta -0.035 Vega 0.006 Open interest 0 Model this call Put · $10 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $11 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $11 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	10	230.1%	0.887	$11.27		—	—	—	—	0
Call · $12 In the money Last $11.27 Breakeven $23.27 Implied vol 230.1% Delta 0.887 ≈89% ITM Gamma 0.015 Theta -0.048 Vega 0.01 Open interest 3 Model this call Put · $12 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	205.1%	0.873	—		—	—	—	—	0
Call · $13 In the money Last — Breakeven — Implied vol 205.1% Delta 0.873 ≈87% ITM Gamma 0.019 Theta -0.047 Vega 0.011 Open interest 0 Model this call Put · $13 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	—	—	—		—	—	—	—	0
Call · $14 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $14 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	3	—	—	$5.80		$0.10	-0.111	118.3%	7	7
Call · $15 In the money Last $5.80 Breakeven $20.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $15 Last $0.10 Breakeven $14.90 Implied vol 118.3% Delta -0.111 ≈11% ITM Gamma 0.03 Theta -0.025 Vega 0.012 Open interest 7 Model this put
4	2	—	—	$3.20		—	-0.132	102.4%	—	0
Call · $16 In the money Last $3.20 Breakeven $19.20 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 Model this call Put · $16 Last — Breakeven — Implied vol 102.4% Delta -0.132 ≈13% ITM Gamma 0.039 Theta -0.024 Vega 0.012 Open interest 0 Model this put
55	5	—	—	$4.25		$0.48	-0.106	67%	2	2
Call · $17 In the money Last $4.25 Breakeven $21.25 Implied vol — Delta — Gamma — Theta — Vega — Open interest 55 Model this call Put · $17 Last $0.48 Breakeven $16.52 Implied vol 67% Delta -0.106 ≈11% ITM Gamma 0.051 Theta -0.013 Vega 0.009 Open interest 2 Model this put
19	11	46%	0.896	$5.30		$0.35	-0.187	69.7%	10	31
Call · $18 In the money Last $5.30 Breakeven $23.30 Implied vol 46% Delta 0.896 ≈90% ITM Gamma 0.072 Theta -0.01 Vega 0.009 Open interest 19 Model this call Put · $18 Last $0.35 Breakeven $17.65 Implied vol 69.7% Delta -0.187 ≈19% ITM Gamma 0.072 Theta -0.02 Vega 0.013 Open interest 31 Model this put
166	3	83.9%	0.699	$2.40		$0.37	-0.228	51.5%	1	2
Call · $19 In the money Last $2.40 Breakeven $21.40 Implied vol 83.9% Delta 0.699 ≈70% ITM Gamma 0.078 Theta -0.033 Vega 0.018 Open interest 166 Model this call Put · $19 Last $0.37 Breakeven $18.63 Implied vol 51.5% Delta -0.228 ≈23% ITM Gamma 0.11 Theta -0.017 Vega 0.018 Open interest 2 Model this put
98	1	43.5%	0.657	$0.75		$0.64	-0.358	50.6%	3	10
Call · $20 In the money Last $0.75 Breakeven $20.75 Implied vol 43.5% Delta 0.657 ≈66% ITM Gamma 0.158 Theta -0.018 Vega 0.021 Open interest 98 Model this call Put · $20 Last $0.64 Breakeven $19.36 Implied vol 50.6% Delta -0.358 ≈36% ITM Gamma 0.138 Theta -0.02 Vega 0.021 Open interest 10 Model this put
Underlying $20.73
158	10	45.6%	0.492	$1.05		$0.95	-0.511	43.3%	1	1
Call · $21 Last $1.05 Breakeven $22.05 Implied vol 45.6% Delta 0.492 ≈49% ITM Gamma 0.163 Theta -0.02 Vega 0.022 Open interest 158 Model this call Put · $21 In the money Last $0.95 Breakeven $20.05 Implied vol 43.3% Delta -0.511 ≈51% ITM Gamma 0.172 Theta -0.019 Vega 0.022 Open interest 1 Model this put
73	1.9k	59.4%	0.386	$1.20		$2.05	-0.7	37.6%	1	12
Call · $22 Last $1.20 Breakeven $23.20 Implied vol 59.4% Delta 0.386 ≈39% ITM Gamma 0.121 Theta -0.026 Vega 0.019 Open interest 73 Model this call Put · $22 In the money Last $2.05 Breakeven $19.95 Implied vol 37.6% Delta -0.7 ≈70% ITM Gamma 0.173 Theta -0.014 Vega 0.019 Open interest 12 Model this put
170	12	56.5%	0.27	$0.55		$1.80	-0.687	66.8%	2	2
Call · $23 Last $0.55 Breakeven $23.55 Implied vol 56.5% Delta 0.27 ≈27% ITM Gamma 0.109 Theta -0.021 Vega 0.02 Open interest 170 Model this call Put · $23 In the money Last $1.80 Breakeven $21.20 Implied vol 66.8% Delta -0.687 ≈69% ITM Gamma 0.099 Theta -0.025 Vega 0.02 Open interest 2 Model this put
12	1	85.9%	0.299	$0.94		$1.90	-0.79	61.9%	5	5
Call · $24 Last $0.94 Breakeven $24.94 Implied vol 85.9% Delta 0.299 ≈30% ITM Gamma 0.075 Theta -0.033 Vega 0.02 Open interest 12 Model this call Put · $24 In the money Last $1.90 Breakeven $22.10 Implied vol 61.9% Delta -0.79 ≈79% ITM Gamma 0.087 Theta -0.019 Vega 0.015 Open interest 5 Model this put
21	1	78.2%	0.213	$0.65		—	-0.842	65.8%	—	0
Call · $25 Last $0.65 Breakeven $25.65 Implied vol 78.2% Delta 0.213 ≈21% ITM Gamma 0.069 Theta -0.025 Vega 0.016 Open interest 21 Model this call Put · $25 In the money Last — Breakeven — Implied vol 65.8% Delta -0.842 ≈84% ITM Gamma 0.07 Theta -0.017 Vega 0.015 Open interest 0 Model this put
1	3	84.8%	0.184	$0.80		—	-0.892	65.2%	—	0
Call · $26 Last $0.80 Breakeven $26.80 Implied vol 84.8% Delta 0.184 ≈18% ITM Gamma 0.058 Theta -0.025 Vega 0.016 Open interest 1 Model this call Put · $26 In the money Last — Breakeven — Implied vol 65.2% Delta -0.892 ≈89% ITM Gamma 0.054 Theta -0.012 Vega 0.011 Open interest 0 Model this put
0	—	100.3%	0.193	—		$4.90	—	—	10	10
Call · $27 Last — Breakeven — Implied vol 100.3% Delta 0.193 ≈19% ITM Gamma 0.051 Theta -0.03 Vega 0.016 Open interest 0 Model this call Put · $27 In the money Last $4.90 Breakeven $22.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 Model this put
0	—	106.3%	0.172	—		$9.70	—	—	4	0
Call · $28 Last — Breakeven — Implied vol 106.3% Delta 0.172 ≈17% ITM Gamma 0.045 Theta -0.03 Vega 0.017 Open interest 0 Model this call Put · $28 In the money Last $9.70 Breakeven $18.30 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	114.3%	0.164	—		$10.63	—	—	2	0
Call · $29 Last — Breakeven — Implied vol 114.3% Delta 0.164 ≈16% ITM Gamma 0.04 Theta -0.031 Vega 0.011 Open interest 0 Model this call Put · $29 In the money Last $10.63 Breakeven $18.37 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1383058 CUSIP 46140H403 13F (30d) 10 filings 10 filers