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: Dec 18, 2026
Days to expiration: 68
Share price: $12.56
Put/call ratio (OI): 0.84
Put/call ratio (volume): 0.60
ATM implied volatility: 72.9%
Expected move: ±$3.95
Open interest (C / P): 51.64K / 43.52K

USAR options summary

The USAR options chain for the December 18, 2026 expiration lists 34 call and 32 put contracts, with 68 days until expiration. Open interest stands at 51,641 calls and 43,524 puts, a put/call ratio of 0.84, which is fairly balanced between calls and puts. At-the-money implied volatility near the $13.00 strike is 72.9%, which implies the market expects a move of about ±$3.95 (31.5%) in USA Rare Earth stock by expiration.

The most open interest sits at the $30.00 call (8.68K contracts) and the $16.00 put (8.23K contracts).

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

USAR options chain · December 18, 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
107	2	147.3%	8.25	7.35	8.10	5.00	0.00	0.24	0.01	136.7%	1	185
64	20	105.7%	5.25	4.50	5.40	8.00	0.03	0.16	0.15	70.3%	4	339
14	3	80.9%	4.30	3.70	4.10	9.00	0.23	0.32	0.27	75.0%	7	938
252	1	80.7%	3.30	2.98	3.35	10.00	0.48	0.58	0.53	75.8%	3	1,442
67	2	81.0%	2.40	2.36	2.72	11.00	0.71	0.89	0.85	71.3%	111	2,395
215	340	76.9%	1.95	1.85	2.00	12.00	1.27	1.37	1.27	74.7%	197	4,028
USAR $12.56
633	159	73.6%	1.51	1.26	1.57	13.00	1.75	1.90	1.83	72.3%	244	2,398
1,172	696	77.2%	1.16	1.09	1.19	14.00	2.47	2.58	2.51	74.6%	140	4,449
1,844	86	79.4%	0.89	0.83	0.99	15.00	3.15	3.30	3.35	73.2%	68	3,027
777	148	81.2%	0.68	0.66	0.79	16.00	3.85	4.20	4.10	73.6%	28	8,229
4,065	312	81.5%	0.54	0.52	0.60	17.00	4.70	5.05	4.93	74.0%	10	1,730
2,070	41	83.0%	0.42	0.40	0.50	18.00	5.55	6.00	5.88	75.3%	1	1,103
823	30	82.2%	0.33	0.31	0.36	19.00	6.40	6.90	6.70	72.3%	1	3,913
2,784	77	83.6%	0.27	0.25	0.29	20.00	7.35	7.85	7.65	73.2%	4	1,807
822	7	85.7%	0.26	0.20	0.26	21.00	8.30	8.80	8.55	72.7%	1	850
653	3	86.5%	0.22	0.14	0.23	22.00	9.40	9.75	9.60	80.9%	15	741
333	5	91.4%	0.16	0.14	0.23	23.00	10.20	10.75	10.47	67.2%	1	275
1,044	30	81.3%	0.14	0.01	0.15	24.00	11.20	11.70	10.45	60.9%	4	256
6,909	48	92.6%	0.12	0.12	0.13	25.00	12.20	12.70	12.50	64.1%	1	4,848
360	1	94.9%	0.09	0.05	0.18	26.00	13.35	13.70	13.46	89.8%	1	159
2,447	1	95.3%	0.10	0.05	0.14	27.00	14.15	14.70	12.33	116.4%	25	45
486	1	98.8%	0.06	0.04	0.15	28.00	14.60	16.25	10.90	162.3%	38	2
1,934	5	99.2%	0.10	0.01	0.15	29.00	16.10	16.70	13.87	124.0%	295	307
8,680	5	102.3%	0.07	0.07	0.09	30.00	17.15	17.70	15.75	127.5%	10	50
1,469	1	103.1%	0.08	0.00	0.14	31.00	15.55	16.70	11.05	—	1	4
813	6	105.9%	0.10	0.02	0.12	32.00	18.80	20.05	17.92	164.3%	14	0
434	10	123.8%	0.09	0.00	0.31	33.00	19.70	21.10	15.66	171.2%	22	0
81	7	107.0%	0.06	0.00	0.11	34.00	14.15	15.50	13.00	—	8	4
1,968	16	110.9%	0.05	0.04	0.08	35.00	21.75	22.90	18.05	162.1%	2	0
98	2	110.5%	0.05	0.00	0.10	36.00	—	—	—	—	—	—
164	3	112.5%	0.04	0.00	0.10	37.00	—	—	—	—	—	—
4,361	2	113.3%	0.05	0.00	0.09	38.00	0.00	0.00	19.85	—	4	0
2,971	2	122.3%	0.05	0.02	0.10	40.00	0.00	0.00	21.83	—	8	0
727	50	148.8%	0.02	0.03	0.24	45.00	31.90	33.25	28.82	148.8%	2	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 December 18, 2026 expiration, the USAR put/call ratio based on open interest is 0.84 (43,524 puts vs 51,641 calls), and 0.60 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 December 18, 2026 is about 72.9%, 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.