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: Nov 6, 2026
Days to expiration: 26
Share price: $12.56
Put/call ratio (OI): 1.83
Put/call ratio (volume): 1.68
ATM implied volatility: 71.2%
Expected move: ±$2.39
Open interest (C / P): 1.50K / 2.75K

USAR options summary

The USAR options chain for the November 6, 2026 expiration lists 24 call and 23 put contracts, with 26 days until expiration. Open interest stands at 1,505 calls and 2,748 puts, a put/call ratio of 1.83, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $12.50 strike is 71.2%, which implies the market expects a move of about ±$2.39 (19.0%) in USA Rare Earth stock by expiration.

The most open interest sits at the $15.00 call (253 contracts) and the $17.00 put (816 contracts).

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

USAR options chain · November 6, 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
—	—	—	3.89	—	—	9.00	—	—	—	—	—	—
4	4	69.9%	3.45	2.31	3.05	10.00	0.03	0.15	0.13	64.5%	27	90
14	15	76.8%	1.97	1.74	2.16	11.00	0.28	0.36	0.33	69.9%	7	54
—	—	—	—	—	—	11.50	0.42	0.50	0.45	68.5%	2	25
—	—	—	—	—	—	12.00	0.61	0.73	0.64	69.3%	11	165
4	28	73.6%	1.02	0.97	1.09	12.50	0.85	0.96	0.90	68.8%	17	112
USAR $12.56
146	36	73.2%	0.90	0.75	0.87	13.00	1.14	1.23	1.19	68.6%	118	169
194	2	72.8%	0.59	0.57	0.68	13.50	1.40	1.75	1.48	73.6%	29	107
124	50	72.5%	0.46	0.40	0.55	14.00	1.68	2.02	1.86	67.0%	37	138
83	13	74.2%	0.35	0.32	0.44	14.50	2.15	2.44	2.14	71.9%	4	72
253	72	74.4%	0.27	0.26	0.32	15.00	2.50	2.81	2.65	66.6%	183	84
98	5	75.2%	0.21	0.20	0.25	15.50	3.05	3.20	3.13	70.7%	69	162
170	2	76.8%	0.20	0.16	0.20	16.00	3.40	3.75	3.60	70.7%	6	18
52	2	77.0%	0.17	0.10	0.17	16.50	3.95	4.15	4.05	73.0%	85	571
86	13	79.3%	0.14	0.05	0.18	17.00	4.40	4.60	4.50	68.8%	153	816
28	12	75.8%	0.12	0.01	0.13	17.50	4.50	5.40	4.97	54.7%	1	19
148	6	84.0%	0.10	0.06	0.11	18.00	5.35	6.00	5.48	108.2%	3	12
9	8	89.1%	0.07	0.01	0.16	18.50	5.85	6.25	6.25	94.1%	3	112
15	2	91.0%	0.07	0.01	0.14	19.00	6.30	7.00	6.47	115.4%	7	14
4	5	96.9%	0.12	0.01	0.15	19.50	6.65	7.70	5.17	123.8%	—	1
21	1	98.4%	0.06	0.00	0.14	20.00	—	—	6.19	—	—	—
3	2	125.8%	0.09	0.00	0.37	20.50	—	—	—	—	—	—
14	3	109.0%	0.04	0.00	0.16	21.00	8.30	8.65	7.42	94.5%	1	7
31	174	103.1%	0.04	0.01	0.07	22.00	8.65	10.20	8.81	206.4%	2	0
2	—	147.7%	0.11	0.00	0.39	23.00	—	—	—	—	—	—
—	—	—	—	—	—	24.00	10.80	12.20	9.59	123.8%	—	0
2	—	158.2%	0.08	0.00	0.35	25.00	—	—	—	—	—	—

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 November 6, 2026 expiration, the USAR put/call ratio based on open interest is 1.83 (2,748 puts vs 1,505 calls), and 1.68 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 November 6, 2026 is about 71.2%, 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.