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 30, 2026
Days to expiration: 19
Share price: $12.56
Put/call ratio (OI): 1.28
Put/call ratio (volume): 1.14
ATM implied volatility: 67.1%
Expected move: ±$1.92
Open interest (C / P): 6.73K / 8.64K

USAR options summary

The USAR options chain for the October 30, 2026 expiration lists 30 call and 26 put contracts, with 19 days until expiration. Open interest stands at 6,734 calls and 8,637 puts, a put/call ratio of 1.28, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $12.50 strike is 67.1%, which implies the market expects a move of about ±$1.92 (15.3%) in USA Rare Earth stock by expiration.

The most open interest sits at the $17.00 call (775 contracts) and the $14.00 put (2.52K contracts).

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

USAR options chain · October 30, 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
1	—	100.8%	6.36	3.10	4.20	9.00	—	—	—	—	—	—
9	2	77.3%	2.85	2.44	2.88	10.00	0.04	0.15	0.08	76.2%	83	3
12	2	81.8%	1.76	1.65	2.12	11.00	0.15	0.22	0.20	64.5%	37	160
6	4	69.3%	1.12	0.94	1.27	12.00	0.46	0.59	0.49	67.5%	43	697
155	65	67.6%	0.86	0.70	0.94	12.50	0.67	0.83	0.69	66.7%	172	1,221
USAR $12.56
105	129	68.5%	0.61	0.58	0.65	13.00	0.97	1.06	1.03	65.0%	32	1,141
173	73	67.6%	0.47	0.36	0.51	13.50	1.28	1.48	1.33	68.0%	21	356
762	169	68.6%	0.35	0.28	0.35	14.00	1.64	1.85	1.74	67.4%	135	2,522
194	76	69.1%	0.23	0.19	0.26	14.50	2.04	2.34	2.14	72.3%	4	104
474	88	72.3%	0.16	0.15	0.20	15.00	2.48	2.67	2.56	66.4%	186	498
206	7	74.6%	0.13	0.08	0.19	15.50	2.97	3.15	3.06	72.3%	149	571
710	27	78.5%	0.10	0.08	0.15	16.00	3.35	3.70	3.48	73.0%	15	156
760	103	77.3%	0.09	0.05	0.10	16.50	3.90	4.10	4.00	73.4%	53	421
775	10	76.6%	0.06	0.04	0.06	17.00	4.35	4.55	4.43	59.4%	95	524
226	54	86.7%	0.06	0.03	0.10	17.50	4.65	5.35	3.87	85.5%	1	74
368	5	84.4%	0.05	0.03	0.05	18.00	5.20	5.55	5.53	103.5%	2	56
474	4	104.7%	0.06	0.00	0.18	18.50	5.65	6.10	5.95	119.5%	33	41
152	21	94.5%	0.04	0.01	0.07	19.00	5.80	7.05	6.50	186.5%	8	59
66	2	103.1%	0.08	0.00	0.10	19.50	6.65	7.45	6.90	119.9%	2	16
445	26	101.6%	0.03	0.02	0.05	20.00	7.00	7.70	7.51	153.5%	2	6
135	3	146.1%	0.02	0.00	0.37	20.50	7.50	8.70	5.15	141.0%	—	0
84	46	129.7%	0.03	0.00	0.18	21.00	8.30	8.75	8.57	128.1%	4	10
15	1	155.9%	0.06	0.00	0.37	21.50	8.15	9.60	6.27	223.1%	—	0
150	15	130.5%	0.03	0.00	0.13	22.00	8.80	10.05	8.47	222.7%	5	1
17	1	165.2%	0.01	0.00	0.37	22.50	—	—	—	—	—	—
60	1	169.5%	0.04	0.00	0.37	23.00	9.80	11.10	7.85	106.3%	—	0
24	8	126.6%	0.05	0.00	0.05	24.00	10.65	12.10	8.68	248.8%	—	0
16	2	164.8%	0.05	0.00	0.20	25.00	—	—	—	—	—	—
5	2	192.6%	0.12	0.00	0.36	26.00	12.65	14.10	10.65	267.0%	—	0
155	2	150.0%	0.02	0.00	0.03	30.00	—	—	—	—	—	—

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 30, 2026 expiration, the USAR put/call ratio based on open interest is 1.28 (8,637 puts vs 6,734 calls), and 1.14 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 30, 2026 is about 67.1%, 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.