USA Rare Earth (USAR) Options Chain

NASDAQ: USARBasic MaterialsMetal MiningUSD

12.56-0.07 (-0.55%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 6
Share price: $12.56
Put/call ratio (OI): 0.32
Put/call ratio (volume): 0.76
ATM implied volatility: 57.3%
Expected move: ±$0.9231
Open interest (C / P): 51.07K / 16.31K

USAR options summary

The USAR options chain for the October 16, 2026 expiration lists 31 call and 30 put contracts, with 6 days until expiration. Open interest stands at 51,070 calls and 16,306 puts, a put/call ratio of 0.32, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.50 strike is 57.3%, which implies the market expects a move of about ±$0.9231 (7.3%) in USA Rare Earth stock by expiration.

The most open interest sits at the $21.00 call (9.09K contracts) and the $15.00 put (5.55K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

USAR options chain · October 16, 2026

USAR calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	4.20	—	—	9.00	—	—	—	—	—	—
17	35	126.6%	2.55	2.45	2.65	10.00	0.00	0.01	0.01	75.0%	21	17
—	—	—	—	—	—	10.50	0.00	0.04	0.04	75.0%	3	32
43	35	85.2%	1.73	1.44	1.86	11.00	0.00	0.06	0.03	64.1%	61	187
44	7	80.9%	1.13	1.07	1.38	11.50	0.05	0.08	0.07	57.8%	81	142
85	73	63.1%	0.77	0.70	0.83	12.00	0.15	0.19	0.15	57.0%	533	429
253	308	60.5%	0.47	0.43	0.47	12.50	0.29	0.40	0.38	54.1%	491	690
USAR $12.56
665	1,956	62.5%	0.25	0.23	0.28	13.00	0.64	0.71	0.66	59.4%	427	1,681
328	445	62.9%	0.12	0.12	0.14	13.50	1.02	1.11	1.03	62.1%	184	1,087
1,405	289	67.2%	0.08	0.06	0.09	14.00	1.43	1.57	1.50	63.3%	368	2,135
795	111	65.6%	0.04	0.01	0.05	14.50	1.87	2.01	1.97	80.5%	20	447
1,575	72	77.3%	0.04	0.02	0.04	15.00	2.37	2.55	2.44	71.9%	524	5,549
696	6	88.3%	0.01	0.01	0.05	15.50	2.86	3.05	2.96	78.1%	59	408
5,936	114	87.5%	0.01	0.01	0.02	16.00	3.30	3.55	3.42	131.3%	23	928
616	6	101.6%	0.02	0.00	0.04	16.50	3.85	4.05	3.95	90.6%	24	264
1,999	206	98.4%	0.04	0.00	0.02	17.00	4.30	4.50	4.47	134.4%	71	1,261
956	1	114.1%	0.02	0.00	0.03	17.50	4.60	5.20	5.05	207.4%	2	17
4,252	2	131.3%	0.02	0.01	0.04	18.00	5.35	5.50	5.45	153.9%	13	709
1,232	2	170.3%	0.02	0.01	0.14	18.50	5.65	6.35	5.97	162.5%	7	7
2,318	2	143.8%	0.02	0.01	0.03	19.00	6.15	6.65	6.54	226.6%	6	228
302	30	170.3%	0.07	0.00	0.09	19.50	6.45	7.20	5.50	250.0%	4	4
5,805	139	150.0%	0.01	0.01	0.02	20.00	7.15	7.65	7.30	245.7%	1	30
88	5	192.2%	0.03	0.00	0.11	20.50	—	—	—	—	—	—
9,085	5	143.8%	0.01	0.00	0.01	21.00	8.20	8.70	7.82	156.3%	1	6
1,528	8	168.8%	0.01	0.00	0.02	22.00	9.10	9.70	9.18	294.5%	2	2
241	1	226.6%	0.03	0.00	0.11	23.00	10.15	10.70	8.67	310.6%	2	45
2,672	3	260.9%	0.01	0.00	0.18	24.00	11.15	11.70	10.25	325.8%	2	1
3,720	3	187.5%	0.02	0.00	0.01	25.00	11.75	12.85	11.30	380.5%	4	0
396	1	193.8%	0.01	0.00	0.01	26.00	13.15	13.90	9.32	282.8%	2	0
3,202	2	237.5%	0.05	0.00	0.04	27.00	13.75	14.90	11.44	420.3%	1	0
685	2	225.0%	0.01	0.00	0.01	30.00	16.75	17.95	15.35	469.5%	5	0
131	1	339.1%	0.05	0.00	0.10	35.00	22.15	22.70	18.72	448.4%	—	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the USAR put/call ratio?

For the October 16, 2026 expiration, the USAR put/call ratio based on open interest is 0.32 (16,306 puts vs 51,070 calls), and 0.76 based on today's volume. A ratio above 1 means more puts than calls.

What is USAR's implied volatility?

At-the-money implied volatility for USAR options expiring October 16, 2026 is about 57.3%, an annualized estimate of how much the market expects USA Rare Earth stock to move.

How many USAR option expiration dates are there?

USAR has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.