The MIAX Options Exchange, MIAX PEARL Options Exchange and MIAX Emerald Options Exchange will not list USO1 options. First, the reverse share split is expected to increase the marketability and liquidity of USO shares. USO has decided to implement the reverse share split for two reasons. DATE: APRIL 22, 2020. As a result of the reverse share split, USO shareholders on April 28, 2020 will receive one post-split share of USO for every eight pre-split shares of USO they hold. If you want to see the post at the OCC's web site, google "OCC USO option split". This was a 1 for 8 reverse split, meaning for each 8 shares of USO owned pre-split, the shareholder now owned 1 share. On that date, the current USO option class will change to USO1. What does this mean and how would this impact our options trading? NEW SYMBOL: USO1. USO has a 1-for-8 reverse stock split on April 28. For example, a 1000 share position pre-split, became a 125 share position following the split. The United States Oil Fund, ticker USO, will reduce its shares in an effort to boost its price in an 8-1 a reverse split, according to a Wednesday announcement from USCF, the manager of the fund. United States Oil Fund, LP (USO) has announced a reverse stock split effective for Wednesday, April 29, 2020. The stock will be trading at 8 times the pre-split price. If you are long in options the strike will be adjusted … Here's why it's a better option than the U.S. Oil Fund. The split for USO took place on April 29, 2020. United States Oil Fund (USO) has 1 split in our USO split history database. United States Oil Fund, LP (USO) has announced a 1-for-8 reverse stock split. Image source: Getty Images. 41 votes, 55 comments. Today, Tom and Tony are going to cover this topic. As a result of the reverse share split, USO shareholders on April 28, 2020 will receive one post-split share of USO for every eight pre-split shares of USO they hold. On the other hand, if the stock split is 3 for 2, the option would control 150 shares with a strike price of $50. SUBJECT: UNITED STATES OIL FUND, LP – REVERSE SPLIT. OPTION SYMBOL: USO. This morning (4/22/20) USO announced a one-for-eight reverse split. Reverse Splits A reverse split also reverses the adjustment process. DATE: 4/29/20.

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