USAR Options History — July 2025

In July 2025, USAR traded between $9.58 and $15.67. ATM implied volatility averaged 131.9%. The 30-day expected move averaged 34.9%. IV traded below realized volatility by 3.3% (HV 20d: 135.3%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2025-07-15: Highest Volume — 46,750 contracts
  • 2025-07-15: Largest IV spike — 33.7% change
  • 2025-07-31: Largest Expected Move — 47.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.01$9.58$15.67$10.60$12.66
Max Pain$11.45$11.00$12.00$11.00$12.00
ATM IV131.9%107.0%172.7%140.5%138.3%
Expected Move34.9%30.6%47.7%34.6%47.7%
HV 20d135.3%107.8%151.3%128.7%148.6%
HV 60d126.0%118.1%134.7%122.8%123.9%
Term Structure-6.9%-45.7%27.2%-22.5%-9.6%
VWIV120.9%112.2%137.1%116.3%137.1%
Skew 25d3.9%-41.6%101.0%-31.7%10.8%
Skew 10d14.7%-66.7%79.4%-18.7%19.5%
Call IV 25d136.4%95.8%171.3%160.7%158.7%
Put IV 25d140.3%103.4%221.2%129.0%169.5%
Bid-Ask Spread %80.0858.81111.4886.88111.48
Gamma HHI0.130.100.180.120.11
Net GEX594.2K105.8K1.6M212.8K641.0K
Net DEX-24.5M-73.5M-627.6K-4.8M-33.0M
Net VEX-104.5K-145.7K-56.5K-67.7K-145.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.110.890.480.29
Total Volume10,551.4092,19946,7502,1998,727
Total OI88,193.36473,147111,95376,49797,167

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$10.60$11.00140.5%34.6%128.7%0.0%116.3%-31.7%-22.5%212.8K-4.8M-67.7K0.4886.881,48271755,19821,299
2025-07-02$10.55$11.00140.2%33.8%127.9%0.0%127.5%-6.0%-16.2%207.5K-5.4M-69.8K0.4289.021,56165356,53321,837
2025-07-03$9.71$12.00172.7%33.2%120.7%0.0%119.4%45.0%-25.0%105.8K-627.6K-62.7K0.8991.102,2151,96457,45522,041
2025-07-07$9.58$12.00156.9%33.2%120.5%0.0%117.1%78.3%-45.7%210.4K-3.7M-58.7K0.5790.361,8881,08055,70117,446
2025-07-08$9.88$11.00151.2%36.4%116.2%0.0%113.9%101.0%-17.5%252.7K-3.4M-56.5K0.1994.122,80952156,06318,251
2025-07-09$9.78$11.00165.0%36.7%107.9%0.0%123.0%55.2%1.6%226.6K-3.6M-56.9K0.1793.462,02233656,55518,485
2025-07-10$11.00$11.00140.2%36.5%117.5%0.0%129.2%24.6%-2.3%530.1K-12.9M-70.8K0.1187.2313,9271,57557,51118,750
2025-07-11$10.66$11.00154.4%36.8%117.8%0.0%124.1%-1.7%-32.7%444.8K-11.8M-72.7K0.3291.176,5182,07763,08519,399
2025-07-14$11.70$11.00112.9%33.4%107.8%0.0%112.2%-0.4%27.2%698.4K-19.0M-84.9K0.1493.4511,6701,67262,06218,836
2025-07-15$15.67$11.00150.9%43.7%148.0%0.0%130.3%-8.1%-23.6%1.1M-70.3M-98.2K0.1281.6541,8304,92067,24419,586
2025-07-16$14.27$11.00120.9%34.7%151.3%0.0%124.1%-41.6%-5.7%1.3M-50.6M-121.8K0.2274.5223,2085,13475,73022,351
2025-07-17$15.43$11.00120.7%34.4%145.3%0.0%119.3%-11.5%4.6%1.6M-73.5M-132.1K0.1364.2719,5812,54786,40525,548
2025-07-18$14.55$11.00113.2%32.4%147.1%0.0%115.8%-7.1%-4.0%918.6K-51.2M-137.8K0.1663.6114,2022,26684,93726,250
2025-07-21$13.76$11.00122.4%32.8%148.0%0.0%120.8%-8.8%4.8%768.1K-38.7M-141.2K0.3964.095,7812,26871,39114,005
2025-07-22$13.36$12.00118.3%33.9%148.4%0.0%121.0%-12.8%2.5%729.3K-33.4M-138.3K0.3763.896,7332,49472,94815,270
2025-07-23$12.56$12.00119.3%33.0%150.2%0.0%121.9%-5.6%-3.2%614.1K-25.6M-135.3K0.2158.816,3601,34574,89016,830
2025-07-24$12.22$12.00115.3%32.8%150.4%0.0%117.5%-16.3%-1.3%581.6K-23.3M-136.0K0.4166.544,7711,95277,78117,396
2025-07-25$12.14$12.00109.4%31.2%149.4%0.0%117.4%-17.7%5.5%526.8K-23.2M-138.2K0.6469.503,3842,16580,00318,620
2025-07-28$12.01$12.00113.7%31.4%139.0%0.0%115.7%-17.5%4.2%570.9K-22.3M-132.4K0.1567.818,0911,24971,86016,599
2025-07-29$10.96$12.00119.1%33.5%143.1%0.0%120.9%-21.6%2.5%443.4K-14.4M-120.3K0.1871.584,83585077,58416,995
2025-07-30$11.18$12.00107.0%30.6%142.3%0.0%115.3%-20.3%4.5%465.6K-15.4M-121.4K0.4287.251,93481778,71717,640
2025-07-31$12.66$12.00138.3%47.7%148.6%0.0%137.1%10.8%-9.6%641.0K-33.0M-145.7K0.29111.486,7821,94579,31917,848