USAR Options History — June 2025

In June 2025, USAR traded between $9.09 and $14.66. ATM implied volatility averaged 120.5%. The 30-day expected move averaged 33.4%. IV traded above realized volatility by 6.2% (HV 20d: 114.3%). Max pain ranged from $9.00 to $12.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-06-09: Highest Volume — 29,160 contracts
  • 2025-06-11: Largest IV spike — 15.3% change
  • 2025-06-23: Largest Expected Move — 38.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.06$9.09$14.66$9.41$11.09
Max Pain$10.30$9.00$12.00$9.00$11.00
ATM IV120.5%102.3%134.0%112.6%132.7%
Expected Move33.4%25.7%38.9%30.8%33.5%
HV 20d114.3%93.0%131.7%100.4%128.6%
HV 60d123.8%123.8%123.8%123.8%123.8%
Term Structure-0.8%-21.6%35.8%-7.6%35.8%
VWIV109.0%85.2%122.5%98.4%122.5%
Skew 25d20.5%-10.0%60.5%40.4%-10.0%
Skew 10d23.7%-35.3%89.7%38.6%89.7%
Call IV 25d112.6%77.6%167.3%92.7%122.5%
Put IV 25d133.1%112.5%170.4%133.1%112.5%
Bid-Ask Spread %80.3470.7589.6083.2483.24
Gamma HHI0.170.130.180.150.16
Net GEX640.8K149.5K1.3M202.4K346.4K
Net DEX-23.2M-56.9M-3.9M-7.4M-7.9M
Net VEX-63.8K-81.3K-44.9K-45.0K-69.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.051.920.060.79
Total Volume13,5152,84329,1604,20111,110
Total OI79,514.6566,90794,47873,98971,229

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$9.41$9.00112.6%30.8%100.4%0.0%98.4%40.4%-7.6%202.4K-7.4M-45.0K0.0683.243,97422750,87723,112
2025-06-03$9.09$9.00112.0%31.0%93.0%0.0%105.3%47.9%7.2%149.5K-5.0M-44.9K0.0989.602,59724652,18723,163
2025-06-04$10.51$9.00110.1%34.5%104.1%0.0%112.5%33.4%-8.9%488.6K-19.5M-54.8K0.1274.4714,0091,70054,26823,283
2025-06-05$10.69$9.00122.6%31.1%103.2%0.0%85.2%59.5%-9.2%621.8K-24.3M-59.6K0.0687.4827,2701,53858,45323,557
2025-06-06$11.68$9.00112.5%32.2%103.9%0.0%96.9%46.3%7.2%869.4K-38.5M-59.9K0.1881.8018,0013,30665,01322,863
2025-06-09$13.00$9.00102.3%33.0%109.1%0.0%94.4%14.1%4.6%921.5K-52.0M-54.4K0.1378.2925,8583,30265,09423,415
2025-06-10$12.68$9.00114.4%32.6%97.8%0.0%105.3%31.8%0.1%857.0K-36.4M-59.4K0.0581.7921,5521,11057,69423,561
2025-06-11$12.54$10.00131.9%25.7%98.2%0.0%102.5%0.8%-18.5%914.5K-30.7M-60.7K0.0786.6025,4421,90457,32524,079
2025-06-12$14.66$10.00129.5%32.6%109.4%0.0%97.0%-8.7%-21.6%1.3M-56.9M-56.0K0.0981.8019,4601,76858,97725,062
2025-06-13$13.32$11.00118.8%35.8%115.8%0.0%109.9%60.5%-5.5%752.8K-27.6M-60.5K0.2180.418,5981,82650,98826,034
2025-06-16$14.00$11.00118.8%33.9%116.3%0.0%113.9%12.7%-2.7%960.1K-30.0M-57.2K0.3582.1510,9793,86147,17225,211
2025-06-17$12.29$11.00123.9%34.5%127.7%0.0%120.0%12.5%-14.2%486.1K-14.5M-65.0K0.5580.257,8894,35550,68028,647
2025-06-18$12.71$11.00126.1%36.1%127.1%0.0%114.9%19.5%19.5%580.2K-16.3M-72.3K0.0882.819,49276555,25632,542
2025-06-20$12.23$11.00123.4%35.4%127.3%0.0%121.4%16.1%1.2%489.4K-14.2M-76.1K0.4380.587,1043,03261,47633,002
2025-06-23$12.46$11.00134.0%38.9%127.2%0.0%110.3%2.1%-4.5%583.0K-18.1M-75.6K0.7171.555,4463,89051,44815,459
2025-06-24$12.53$11.00125.4%35.6%127.2%0.0%119.4%13.0%-7.6%661.5K-19.8M-79.1K0.3970.752,5951,01155,69218,329
2025-06-25$12.33$11.00117.5%36.1%118.9%0.0%120.7%8.2%10.9%618.8K-17.6M-77.0K1.9276.671,6423,15057,17419,412
2025-06-26$12.91$12.00124.1%31.9%119.3%0.0%117.3%-0.6%3.8%833.6K-23.4M-81.3K0.2371.383,35675657,68221,052
2025-06-27$11.11$12.00117.1%33.4%131.7%0.0%113.0%10.8%-6.0%197.6K-3.9M-68.7K0.4881.994,1662,01358,33221,493
2025-06-30$11.09$11.00132.7%33.5%128.6%0.0%122.5%-10.0%35.8%346.4K-7.9M-69.1K0.7983.246,2164,89453,07218,157