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 13, 2026
Days to expiration: 34
Share price: $12.56
Put/call ratio (OI): 0.78
Put/call ratio (volume): 0.34
ATM implied volatility: 68.8%
Expected move: ±$2.64
Open interest (C / P): 325 / 254

USAR options summary

The USAR options chain for the November 13, 2026 expiration lists 9 call and 6 put contracts, with 34 days until expiration. Open interest stands at 325 calls and 254 puts, a put/call ratio of 0.78, which is fairly balanced between calls and puts. At-the-money implied volatility near the $12.00 strike is 68.8%, which implies the market expects a move of about ±$2.64 (21.0%) in USA Rare Earth stock by expiration.

The most open interest sits at the $14.00 call (133 contracts) and the $16.50 put (123 contracts).

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

USAR options chain · November 13, 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
0	1	106.1%	4.65	2.83	4.85	9.00	—	—	—	—	—	—
—	—	—	—	—	—	10.50	0.20	0.39	0.29	71.1%	3	3
—	—	—	—	—	—	11.50	0.43	0.71	0.59	68.4%	20	25
—	—	—	—	—	—	12.00	0.67	0.90	0.86	68.8%	15	25
USAR $12.56
16	2	76.9%	0.95	0.56	1.08	13.50	—	—	—	—	—	—
133	7	73.0%	0.67	0.42	0.80	14.00	—	—	—	—	—	—
58	144	75.6%	0.61	0.42	0.62	14.50	—	—	—	—	—	—
14	21	80.1%	0.32	0.31	0.45	15.50	—	—	—	—	—	—
37	4	73.8%	0.30	0.18	0.30	16.00	3.10	4.10	3.66	65.2%	19	75
34	8	84.8%	0.25	0.13	0.45	16.50	3.50	4.25	4.08	86.7%	23	123
9	3	81.5%	0.20	0.01	0.40	17.00	—	—	—	—	—	—
24	56	85.0%	0.15	0.10	0.21	18.00	4.25	5.70	5.50	97.8%	3	3

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 13, 2026 expiration, the USAR put/call ratio based on open interest is 0.78 (254 puts vs 325 calls), and 0.34 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 13, 2026 is about 68.8%, 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.