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: Jan 15, 2027
Days to expiration: 96
Share price: $12.56
Put/call ratio (OI): 0.51
Put/call ratio (volume): 0.26
ATM implied volatility: 76.0%
Expected move: ±$4.90
Open interest (C / P): 105.25K / 54.01K

USAR options summary

The USAR options chain for the January 15, 2027 expiration lists 36 call and 36 put contracts, with 96 days until expiration. Open interest stands at 105,251 calls and 54,005 puts, a put/call ratio of 0.51, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.00 strike is 76.0%, which implies the market expects a move of about ±$4.90 (39.0%) in USA Rare Earth stock by expiration.

The most open interest sits at the $50.00 call (12.99K contracts) and the $20.00 put (11.31K contracts).

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

USAR options chain · January 15, 2027

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
73	3	121.9%	10.40	8.85	10.30	3.00	0.00	0.23	0.11	172.7%	1	46
63	4	93.8%	9.55	7.25	7.95	5.00	0.00	0.04	0.03	84.4%	2	726
515	1	82.8%	5.35	4.65	5.10	8.00	0.19	0.27	0.24	75.0%	1	2,253
4,091	12	83.0%	3.35	3.30	3.60	10.00	0.52	0.77	0.71	70.1%	37	3,402
2,312	40	80.3%	2.24	2.22	2.39	12.00	1.47	1.60	1.57	71.8%	120	8,207
USAR $12.56
4,629	411	80.1%	1.20	1.17	1.30	15.00	3.45	3.65	3.50	75.1%	245	6,366
7,388	75	77.0%	0.98	0.81	1.04	16.00	4.10	4.40	4.38	72.2%	6	6,930
4,240	239	80.8%	0.80	0.77	0.87	17.00	5.00	5.20	5.10	73.5%	7	4,593
1,915	5	80.4%	0.70	0.60	0.71	18.00	5.85	6.05	5.95	73.2%	4	1,944
906	59	82.3%	0.54	0.51	0.62	19.00	6.65	7.05	6.89	73.9%	5	609
5,826	170	83.0%	0.45	0.43	0.51	20.00	7.55	7.85	7.76	69.7%	2	11,314
601	31	83.8%	0.39	0.35	0.44	21.00	8.45	8.90	7.75	72.8%	1	1,502
4,218	9	82.1%	0.32	0.24	0.36	22.00	9.35	9.85	8.65	70.7%	2	2,144
554	313	85.0%	0.28	0.25	0.31	23.00	10.30	10.80	9.00	69.1%	1	814
519	1	88.7%	0.23	0.20	0.35	24.00	11.25	11.80	10.90	69.5%	1	266
7,346	1,036	85.0%	0.20	0.14	0.24	25.00	12.35	12.60	11.95	63.3%	2	819
1,450	2	88.5%	0.22	0.15	0.23	26.00	13.20	13.75	12.60	66.0%	1	282
5,706	9	96.1%	0.16	0.12	0.35	27.00	14.20	14.65	14.50	93.8%	1	1,126
372	3	92.2%	0.17	0.09	0.24	28.00	11.00	11.80	14.35	—	1	120
560	10	92.8%	0.16	0.07	0.22	29.00	0.00	0.00	11.75	—	11	0
7,204	19	90.2%	0.12	0.07	0.14	30.00	17.15	17.70	17.18	107.6%	2	204
2,300	50	97.7%	0.11	0.09	0.19	31.00	18.05	18.75	18.03	114.7%	1	57
2,252	2	95.3%	0.10	0.08	0.13	32.00	19.10	19.85	18.20	81.3%	1	4
263	2	96.1%	0.09	0.02	0.17	33.00	0.00	0.00	14.90	—	17	0
391	4	94.5%	0.09	0.02	0.13	34.00	20.70	22.10	17.49	147.2%	1	0
5,336	1	98.8%	0.12	0.05	0.12	35.00	22.10	23.05	19.07	106.6%	30	0
1,437	1	96.9%	0.05	0.02	0.11	36.00	0.00	0.00	14.85	—	1	0
932	2	100.8%	0.08	0.00	0.15	37.00	18.65	20.00	19.85	—	1	48
348	2	103.9%	0.10	0.02	0.14	38.00	0.00	0.00	16.50	—	1	0
2,957	1	106.6%	0.06	0.05	0.10	40.00	27.10	28.05	24.35	116.8%	30	1
1,066	5	106.6%	0.07	0.00	0.12	42.00	29.10	29.70	24.36	135.6%	2	0
4,758	1	108.6%	0.09	0.00	0.10	45.00	26.45	28.20	28.18	—	70	104
364	10	111.7%	0.08	0.00	0.10	47.00	27.00	31.00	28.60	—	2	46
12,988	50	115.6%	0.04	0.04	0.06	50.00	31.60	33.15	32.78	—	73	78
1,521	3	120.3%	0.04	0.02	0.07	55.00	36.30	38.25	40.80	—	2	0
7,850	3	121.9%	0.03	0.02	0.05	60.00	41.35	43.40	46.70	—	1	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 January 15, 2027 expiration, the USAR put/call ratio based on open interest is 0.51 (54,005 puts vs 105,251 calls), and 0.26 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 January 15, 2027 is about 76.0%, 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.