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 21, 2028
Days to expiration: 467
Share price: $12.56
Put/call ratio (OI): 0.54
Put/call ratio (volume): 0.20
ATM implied volatility: 80.6%
Expected move: ±$11.46
Open interest (C / P): 49.62K / 26.70K

USAR options summary

The USAR options chain for the January 21, 2028 expiration lists 22 call and 22 put contracts, with 467 days until expiration. Open interest stands at 49,620 calls and 26,703 puts, a put/call ratio of 0.54, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $12.00 strike is 80.6%, which implies the market expects a move of about ±$11.46 (91.2%) in USA Rare Earth stock by expiration.

The most open interest sits at the $30.00 call (4.62K contracts) and the $10.00 put (10.18K contracts).

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

USAR options chain · January 21, 2028

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
880	1	93.5%	9.80	9.55	10.05	3.00	0.12	0.18	0.15	83.2%	12	128
477	10	89.8%	8.34	8.15	8.45	5.00	0.33	0.54	0.53	74.2%	2	609
884	18	88.4%	6.57	6.45	6.70	8.00	1.51	1.60	1.51	75.7%	5	1,275
2,863	12	84.8%	5.60	5.45	5.65	10.00	2.53	2.67	2.55	76.0%	6	10,180
1,769	38	86.5%	4.87	4.80	5.00	12.00	3.50	4.00	3.75	74.8%	32	542
USAR $12.56
2,933	219	84.9%	3.95	3.90	4.00	15.00	5.65	5.85	5.75	73.3%	30	6,255
2,587	42	84.7%	3.40	3.45	3.50	17.00	7.05	7.40	6.64	72.6%	10	599
3,934	250	83.5%	2.93	2.71	2.97	20.00	9.40	9.75	9.62	71.1%	1	1,433
3,786	7	84.7%	2.61	2.53	2.66	22.00	10.95	11.35	10.65	68.8%	5	628
2,578	22	83.5%	2.26	2.00	2.29	25.00	13.55	14.00	13.85	68.3%	1	1,210
4,166	1	88.9%	1.82	1.85	2.59	27.00	15.30	15.80	15.60	67.4%	48	1,989
4,620	29	85.1%	1.81	1.66	1.82	30.00	18.00	18.45	17.60	64.9%	5	391
2,359	4	85.9%	1.66	1.60	1.65	32.00	19.80	20.35	18.80	63.8%	10	128
2,457	3	87.7%	1.45	1.33	1.69	35.00	22.70	23.15	22.95	63.2%	20	467
370	1	85.8%	1.33	1.22	1.38	37.00	24.55	25.05	24.55	61.1%	20	318
1,207	217	85.1%	1.20	1.00	1.23	40.00	27.40	27.95	27.70	58.9%	2	471
304	7	73.2%	1.07	0.00	1.16	42.00	29.30	29.90	29.65	56.7%	2	7
2,577	159	87.5%	0.98	0.89	1.13	45.00	32.30	32.85	30.65	57.5%	10	56
340	1	86.6%	0.82	0.82	0.99	47.00	0.00	0.00	31.28	—	2	0
1,027	9	90.9%	0.90	0.74	1.22	50.00	37.15	40.00	36.55	94.8%	2	17
2,982	4	86.8%	0.80	0.62	0.76	55.00	40.85	45.00	40.30	80.5%	1	0
4,520	109	87.5%	0.87	0.55	0.67	60.00	45.85	49.65	43.37	76.8%	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 January 21, 2028 expiration, the USAR put/call ratio based on open interest is 0.54 (26,703 puts vs 49,620 calls), and 0.20 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 21, 2028 is about 80.6%, 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.