USB options flow: unusual options activity in US Bancorp \de\

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 10 unusual options prints in US Bancorp \de\ (USB), $1.3M of tracked premium, close to even between bullish and bearish premium. Bullish premium was $584K against $674K bearish; $1.2M went into calls and $174K into puts, a put call ratio of 0.15. The largest print was $573K of USB 18 Dec 2026 $62.50 calls on 21 September 2026, executed at bid. The last session with prints, 25 September 2026, added 3 prints and $94K of premium. USB closed at $59.33 on 25 September 2026, up 1.6%.

This week's unusual flow

Unusual prints10
Tracked premium$1.3M
Net premium-$90K
Bullish premium$584K
Bearish premium$674K
Call premium$1.2M
Put premium$174K
P/C ratio0.15
Sweeps70%
Size over OI6
Whale prints1
High conviction2

Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
21 Sep 2026USB 18 Dec 2026 $62.50 callsTrade3,0002,554$573KAt bidBearishHigh conviction
22 Sep 2026USB 20 Nov 2026 $62.50 callsSweep4,364376$454KAt askBullishWhale
22 Sep 2026USB 20 Nov 2026 $62.50 callsTrade500376$57KAt bidBearishNotable
24 Sep 2026USB 17 Sep 2027 $62.50 callsSweep10168$45KAt bidNeutralNotable
23 Sep 2026USB 21 Jan 2028 $57.50 putsSweep72239$44KAt askBearish
24 Sep 2026USB 17 Sep 2027 $65 callsSweep10640$38KAt midpointNeutralNotable
24 Sep 2026USB 2 Oct 2026 $56 putsSweep1,86712$36KBelow bidBullishHigh conviction
25 Sep 2026USB 17 Jun 2027 $50 putsTrade175353$33KAt bidBullish
25 Sep 2026USB 15 Jan 2027 $55 putsSweep2062,583$32KAt bidBullish
25 Sep 2026USB 15 Jan 2027 $52.50 putsSweep299874$29KAt bidBullish

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

ExpiryPrintsPremiumCalls shareNet premium
18 Dec 20261$573K100%-$573K
20 Nov 20262$511K100%+$397K
17 Sep 20272$82K100%+$0
15 Jan 20272$61K0%+$61K
21 Jan 20281$44K0%-$44K
2 Oct 20261$36K0%+$36K

The most premium, $573K, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 2 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 25 September 2026

Prints3
Premium$94K
Net premium+$94K
Sweeps67%
DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
25 Sep 2026USB 17 Jun 2027 $50 putsTrade175353$33KAt bidBullish
25 Sep 2026USB 15 Jan 2027 $55 putsSweep2062,583$32KAt bidBullish
25 Sep 2026USB 15 Jan 2027 $52.50 putsSweep299874$29KAt bidBullish

Every print in USB with its full detail, the live tape, one tap filters and saved screeners: open USB in Options Sentiment Screener.

Price

Last close$59.33
Day+1.59%
1 week-1.22%
1 month-5.53%
3 months-2.59%
1 year+20.64%
52 week high$66.08
52 week low$45.02
Volume6,412,647
Market cap$91.0B

The live quote and the price chart sit beside the ticker's flow in the app: open USB in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 16 firms, have a median of $69, 16.3% above the last close. The last 90 days brought 3 upgrades.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About US Bancorp \de\

Exchange
NYSE
Sector
Financials
Industry
Banking
Headquarters
Minneapolis, Minnesota
Website
usbank.com

U.S. Bancorp provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. As of December 31, 2021, the company provided its products and services through a network of 2,230 banking offices.

In the same sector

Flow pages for other Financials names in the S&P 500:

JPM JPMorgan Chase & Co.V Visa Inc.MA Mastercard Inc.BAC Bank of America Corp.MS Morgan StanleyGS Goldman Sachs Group Inc.WFC Wells Fargo & CompanyC Citigroup Inc.

Learn

The live tape for USB with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.

Open USB in Options Sentiment Screener