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: Mar 19, 2027
Days to expiration: 159
Share price: $12.56
Put/call ratio (OI): 0.43
Put/call ratio (volume): 0.87
ATM implied volatility: 78.0%
Expected move: ±$6.46
Open interest (C / P): 23.46K / 10.18K

USAR options summary

The USAR options chain for the March 19, 2027 expiration lists 32 call and 28 put contracts, with 159 days until expiration. Open interest stands at 23,458 calls and 10,175 puts, a put/call ratio of 0.43, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $13.00 strike is 78.0%, which implies the market expects a move of about ±$6.46 (51.5%) in USA Rare Earth stock by expiration.

The most open interest sits at the $20.00 call (6.41K contracts) and the $20.00 put (4.16K contracts).

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

USAR options chain · March 19, 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
134	16	96.7%	8.30	7.45	8.00	5.00	0.06	0.10	0.06	82.4%	2	104
48	1	85.3%	5.82	4.95	5.50	8.00	0.44	0.56	0.51	76.0%	30	127
32	1	82.3%	4.95	4.25	4.75	9.00	0.75	0.86	0.77	76.3%	27	106
240	2	82.1%	3.85	3.70	4.10	10.00	1.06	1.19	1.14	73.8%	2	215
113	11	80.3%	3.35	3.25	3.40	11.00	1.47	1.66	1.54	73.4%	2	612
856	77	79.7%	2.85	2.75	2.94	12.00	1.87	2.19	2.11	71.6%	11	431
USAR $12.56
344	3,781	81.3%	2.45	2.32	2.67	13.00	2.54	2.90	2.72	74.7%	3,740	338
1,114	11	81.2%	2.08	2.04	2.26	14.00	3.15	3.45	3.35	72.5%	24	220
3,919	20	80.2%	1.80	1.70	1.94	15.00	3.95	4.15	4.00	73.8%	54	2,366
682	56	81.0%	1.84	1.50	1.69	16.00	4.65	4.90	4.85	73.0%	30	137
510	94	81.8%	1.40	1.23	1.57	17.00	5.45	5.95	5.55	77.4%	70	199
654	61	80.7%	1.20	1.14	1.21	18.00	6.25	6.55	6.39	73.5%	1	177
269	9	80.3%	1.01	0.96	1.05	19.00	7.00	7.40	6.70	71.7%	1	142
6,412	62	82.2%	0.91	0.84	1.00	20.00	7.90	8.30	7.85	72.6%	1	4,164
650	3	83.0%	0.80	0.76	0.88	21.00	8.75	9.25	8.93	72.7%	1	42
501	12	83.0%	0.70	0.65	0.78	22.00	9.60	10.10	8.88	69.7%	1	222
434	1	85.7%	0.74	0.55	0.83	23.00	10.55	11.05	10.75	70.7%	1	157
193	147	81.3%	0.54	0.44	0.58	24.00	11.50	11.90	10.85	68.2%	4	36
731	39	81.9%	0.47	0.38	0.53	25.00	12.40	12.95	12.64	69.4%	1	5
593	4	84.9%	0.43	0.40	0.51	26.00	9.20	11.35	12.97	—	—	1
75	4	80.9%	0.40	0.21	0.45	27.00	14.30	14.85	12.10	66.8%	—	6
263	2	84.0%	0.32	0.26	0.42	28.00	15.20	15.85	11.65	63.7%	—	38
60	6	88.9%	0.30	0.23	0.53	29.00	16.25	16.75	16.23	62.5%	1	296
1,807	30	87.0%	0.30	0.27	0.35	30.00	17.15	17.75	13.29	51.6%	5	9
12	133	80.1%	0.28	0.07	0.30	31.00	18.20	18.75	14.45	61.3%	2	1
154	15	85.0%	0.44	0.16	0.28	32.00	19.20	20.10	18.02	84.4%	—	14
228	4	85.3%	0.21	0.14	0.26	33.00	0.00	0.00	16.03	—	—	0
27	4	86.4%	0.19	0.17	0.21	34.00	—	—	—	—	—	—
201	4	85.0%	0.19	0.02	0.29	35.00	21.60	23.10	20.01	116.7%	20	10
45	2	89.1%	0.17	0.15	0.21	36.00	—	—	—	—	—	—
35	10	84.0%	0.16	0.06	0.17	37.00	—	—	—	—	—	—
2,122	26	98.7%	0.14	0.14	0.37	38.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the USAR put/call ratio based on open interest is 0.43 (10,175 puts vs 23,458 calls), and 0.87 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 March 19, 2027 is about 78.0%, 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.