USAR Options History — August 2025

In August 2025, USAR traded between $13.54 and $18.56. ATM implied volatility averaged 114.4%. The 30-day expected move averaged 32.8%. IV traded below realized volatility by 14.5% (HV 20d: 128.9%). Max pain ranged from $10.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.29.

Notable Days

  • 2025-08-12: Highest Volume — 73,570 contracts
  • 2025-08-14: Largest IV spike — 35.3% change
  • 2025-08-01: Largest Expected Move — 43.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.56$13.54$18.56$13.85$14.95
Max Pain$12.43$10.00$14.00$12.00$14.00
ATM IV114.4%87.0%141.8%141.8%106.0%
Expected Move32.8%29.7%43.6%43.6%29.9%
HV 20d128.9%108.7%148.1%147.1%108.7%
HV 60d127.1%121.5%131.7%124.0%125.2%
Term Structure0.8%-5.6%30.1%-5.1%-3.1%
VWIV116.9%105.5%154.7%154.7%108.7%
Skew 25d-13.1%-49.9%-2.6%-20.8%-6.3%
Skew 10d-27.0%-71.2%10.6%10.6%-16.9%
Call IV 25d125.4%106.6%158.8%150.7%110.9%
Put IV 25d112.3%102.3%129.9%129.9%104.6%
Bid-Ask Spread %49.5536.9058.8858.8839.20
Gamma HHI0.130.100.200.200.13
Net GEX1.4M803.9K2.0M1.1M1.1M
Net DEX-88.4M-160.4M-48.0M-48.0M-75.2M
Net VEX-345.1K-464.1K-157.9K-157.9K-438.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.120.750.230.38
Total Volume30,360.8110,78273,57028,12322,212
Total OI189,276.286102,054247,264102,054244,863

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$13.85$12.00141.8%43.6%147.1%0.0%154.7%-20.8%-5.1%1.1M-48.0M-157.9K0.2358.8822,9095,21482,76919,285
2025-08-04$13.84$10.00133.5%35.2%146.8%0.0%133.8%-22.4%-2.5%891.9K-49.6M-170.1K0.3039.7227,9088,26287,51719,115
2025-08-05$14.16$11.00129.6%34.9%146.7%0.0%126.1%-20.9%-0.6%968.3K-56.6M-189.0K0.2257.0318,4814,11399,19225,079
2025-08-06$13.54$11.00124.1%34.2%148.1%0.0%124.3%-9.0%-5.6%934.9K-48.4M-197.6K0.2053.289,0211,761105,39928,326
2025-08-07$14.91$11.00126.5%35.9%146.4%0.0%127.1%-8.6%-0.1%1.2M-72.3M-209.9K0.1248.6325,4353,122106,53729,277
2025-08-08$16.26$11.00127.5%35.5%147.4%0.0%127.4%-16.2%-2.0%1.1M-103.2M-247.6K0.1340.3154,1777,028117,44130,888
2025-08-11$15.52$12.00128.3%36.0%146.7%0.0%127.7%-25.1%-2.0%1.3M-90.0M-271.9K0.2446.6934,2768,156128,80529,608
2025-08-12$18.56$12.00114.1%33.6%121.5%0.0%114.8%-10.5%1.0%1.9M-160.4M-311.6K0.2736.9057,84215,728144,71735,344
2025-08-13$17.01$12.0087.0%31.9%120.9%0.0%114.5%-28.0%30.1%1.6M-111.9M-356.5K0.2057.9340,5848,232147,57445,760
2025-08-14$18.02$13.00117.7%31.9%119.5%0.0%114.1%-49.9%-0.5%2.0M-144.8M-417.5K0.2352.9216,9813,976166,67950,215
2025-08-15$17.08$13.00111.5%31.5%119.1%0.0%109.7%-12.1%-5.3%1.9M-115.5M-414.9K0.1853.7424,9114,504167,81153,248
2025-08-18$15.66$13.00106.8%30.6%121.8%0.0%106.3%-5.5%1.2%1.1M-77.9M-397.0K0.2845.3721,9836,077149,83543,188
2025-08-19$14.89$13.00108.3%31.1%122.9%0.0%109.4%-3.3%-4.0%1.1M-62.5M-387.8K0.5854.3318,78110,941159,54347,193
2025-08-20$14.19$13.00104.7%30.0%122.0%0.0%107.1%-2.6%-1.5%803.9K-50.6M-378.9K0.1655.9517,6302,825164,78452,640
2025-08-21$15.46$13.00106.3%30.5%124.4%0.0%107.4%-3.3%2.0%1.4M-84.2M-419.7K0.1749.7416,6672,851170,20353,494
2025-08-22$15.84$13.00103.5%29.7%124.3%0.0%106.6%-3.7%-0.4%1.9M-100.0M-449.3K0.3451.0725,5408,779178,53854,432
2025-08-25$16.04$13.00106.0%31.1%124.0%0.0%111.0%-7.9%7.0%1.7M-109.0M-456.4K0.2148.3920,4664,353173,43345,411
2025-08-26$15.83$13.00105.3%30.2%118.1%0.0%105.5%-5.6%1.2%1.9M-104.3M-454.5K0.7549.0510,2617,685180,80348,498
2025-08-27$15.67$14.00108.9%30.5%118.5%0.0%108.7%-5.8%6.7%1.7M-98.1M-464.1K0.3655.0410,4353,801184,12055,974
2025-08-28$15.44$14.00105.7%30.2%111.9%0.0%110.2%-7.5%-0.2%1.8M-92.9M-456.5K0.4446.4016,4507,219189,50757,757
2025-08-29$14.95$14.00106.0%29.9%108.7%0.0%108.7%-6.3%-3.1%1.1M-75.2M-438.6K0.3839.2016,0656,147186,12458,739