USAR Options History — May 2025

In May 2025, USAR traded between $8.07 and $11.11. ATM implied volatility averaged 131.2%. The 30-day expected move averaged 32.9%. IV traded above realized volatility by 9.8% (HV 20d: 121.3%). Max pain ranged from $9.00 to $11.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2025-05-02: Highest Volume — 9,991 contracts
  • 2025-05-14: Largest IV drop — 44.6% change
  • 2025-05-02: Largest Expected Move — 47.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.39$8.07$11.11$9.53$8.85
Max Pain$9.14$9.00$11.00$10.00$9.00
ATM IV131.2%95.9%194.6%157.5%117.4%
Expected Move32.9%27.5%47.0%45.2%31.2%
HV 20d121.3%97.9%138.2%138.2%99.7%
Term Structure-1.7%-20.0%22.4%-17.0%3.8%
VWIV117.0%99.0%170.2%170.2%108.3%
Skew 25d10.5%-11.4%33.1%-11.4%27.1%
Skew 10d37.9%-39.7%142.7%-39.7%14.5%
Call IV 25d111.4%88.3%173.7%173.7%88.4%
Put IV 25d121.9%98.7%166.9%162.3%115.5%
Bid-Ask Spread %80.9653.0393.0761.6488.14
Gamma HHI0.150.100.200.110.14
Net GEX19.8K-179.0K174.7K9.6K93.5K
Net DEX-905.4K-11.6M9.2M957.1K-3.0M
Net VEX-52.7K-71.0K-39.3K-65.0K-51.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.046.890.470.04
Total Volume5,116.6676129,9918,9275,507
Total OI87,218.38161,584113,54388,64771,896

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$9.53$10.00157.5%45.2%0.0%0.0%170.2%-11.4%-17.0%9.6K957.1K-65.0K0.4761.646,0592,86858,43730,210
2025-05-02$10.04$11.00164.0%47.0%0.0%0.0%165.2%4.1%-20.0%7.9K-1.6M-68.4K1.0353.034,9325,05959,35932,010
2025-05-05$11.11$9.00164.4%37.2%0.0%0.0%127.9%2.7%-6.5%113.8K-11.6M-70.4K0.3274.603,3461,06261,69735,685
2025-05-06$10.25$9.00162.5%35.6%0.0%0.0%124.1%1.2%-6.9%57.0K-3.0M-71.0K0.1784.462,41541062,66935,326
2025-05-07$10.69$9.00152.8%34.4%0.0%0.0%123.3%16.7%2.5%128.4K-7.1M-62.8K0.6983.771,16480564,31735,577
2025-05-08$9.93$9.00153.6%34.8%0.0%0.0%121.7%19.7%-4.7%-50.9K337.4K-56.2K0.5884.344,2262,46664,87835,632
2025-05-09$9.77$9.00164.7%33.9%0.0%0.0%119.0%13.1%-17.9%-48.7K422.9K-56.2K0.5786.573,6842,09765,48036,853
2025-05-12$8.64$9.00194.6%32.4%0.0%0.0%111.4%5.3%-1.0%-138.3K9.1M-47.6K0.0988.828,04368565,17537,846
2025-05-13$8.68$9.00193.9%33.5%0.0%0.0%115.5%9.5%-3.7%-125.7K7.7M-48.8K1.4193.071,7692,48969,41438,113
2025-05-14$8.69$9.00107.5%30.8%0.0%0.0%111.1%15.8%-6.4%-179.0K9.2M-48.3K2.5584.661,2333,14970,37239,226
2025-05-15$9.38$9.0095.9%27.5%138.2%0.0%99.0%-4.3%1.7%-146.5K2.6M-49.9K0.1985.014,79091670,47640,454
2025-05-16$9.68$9.00105.0%30.1%135.2%0.0%112.1%33.1%10.0%98.5K-707.8K-50.4K6.8980.531,2198,40072,86540,678
2025-05-19$9.79$9.00102.5%29.4%131.5%0.0%103.0%-0.1%8.5%174.7K-7.6M-45.7K0.1076.602,95628442,78018,804
2025-05-20$9.52$9.00103.1%29.6%127.6%0.0%109.8%1.8%0.6%138.2K-5.9M-46.9K0.0880.792,36119944,44119,002
2025-05-21$9.19$9.0097.9%28.1%124.2%0.0%105.8%21.7%7.5%87.3K-3.5M-46.0K1.8683.221,3722,54646,46619,160
2025-05-22$9.21$9.00100.6%28.1%121.1%0.0%100.5%-1.4%-17.7%74.6K-3.8M-48.7K0.6783.5957538446,32420,027
2025-05-23$9.38$9.0098.8%28.1%119.1%0.0%99.8%5.5%-5.3%109.0K-4.7M-45.4K0.3182.151,71853546,52920,329
2025-05-27$8.39$9.00108.9%31.0%119.9%0.0%101.9%18.8%22.4%704426.7K-40.7K2.5279.941,9254,84847,56820,784
2025-05-28$8.50$9.00107.5%31.9%120.2%0.0%114.2%18.5%3.6%30.8K417.8K-47.2K1.9683.052,8185,52448,43924,696
2025-05-29$8.07$9.00101.5%31.5%97.9%0.0%112.5%23.3%10.0%-19.3K2.4M-39.3K2.1982.0619242048,80022,792
2025-05-30$8.85$9.00117.4%31.2%99.7%0.0%108.3%27.1%3.8%93.5K-3.0M-51.2K0.0488.145,30320448,88223,014