UAMY – Strong Bullish Call Flow

UAMY (United States Antimony Corp.) grabbed my attention again, and not just because of the flow. The company produces antimony, a strategic mineral that’s critical for national defense, electric-vehicle batteries, and flame-retardant materials. The U.S. currently depends heavily on China for supply, which makes domestic producers like UAMY strategically important. The government has already labeled antimony as a critical mineral, and any move toward domestic sourcing or stockpiling could have a major impact on names like this.

That’s the fundamental backdrop—but what really made me look closer was the tape. Over the past few sessions, I’ve seen aggressive call buying hit repeatedly, specifically targeting the $12.50 strike 2/20/26 calls. When the same strike and expiration keep lighting up over multiple days, it usually means something’s brewing.

The Options Flow

The options activity has been heavy and directional. On October 21, 2025, traders loaded up on the $12.50 strike expiring 2/20/26, lifting price and driving implied volatility higher at the same time. That tells me this wasn’t passive positioning—it was aggressive accumulation. According to TipRanks, roughly 24,000 calls traded in that session, about four times the normal volume, with implied volatility jumping. The put/call ratio remains low, reinforcing that bullish bias.

When I see flow like that—concentrated on a single strike, all at or above the ask, with price rising and IV expanding—it’s usually institutional money pressing in the same direction. They’re not scaling into that kind of size unless they expect a move.

Source: blackboxstocks.com

On 10/22/25, the Smart Money went after the same expiration 15 calls, with price and IV both rising.

Source: blackboxstocks.com

Technical Setup

On 9/15/25, UAMY was trading at $5.12. On 10/13/25 it hit a high of 21.50 before dropping down to $10.60 on 10/17/25 and bouncing up and down in a 4 point range off of its 89 EMA on the 4 hour chart. (see below)

It’s clearly found support on the 89.

The price action could be interpreted two ways:

1. A bearish rising wedge (which would signal a potential breakdown)
2. Or a bullish breakout from a downtrend (which would signal strength)

Simply trying to trade the pattern is a bit of a dice roll.

Luckily, we can see where the Smart Money is placing their bets in the options market by viewing the options flow, and follow their lead.

The Trade

The rare mineral tickers are very headline driven, and there’s lots of them related to Trump, China, Russia, tariffs, popping up all over the news. The fact that the smart money is aggressively buying calls in UAMY could indicate that they might know something we don’t?

Of course, the Smart Money could be wrong, or they might be buying calls as a hedge for a much larger strategy. There’s no way to be certain about their intentions. But trading is a game of uncertainties, and if you have to take a shot, this call buying definitely looks like a large bullish bet.

Between the concentrated call flow at the $12.50 and $15 strikes, the improving technical picture, and the strong fundamental tailwinds around domestic mineral production, I think UAMY is worth keeping on the radar. The bulls have been building positions for several sessions, and the tape is confirming that accumulation. If the same strike continues to light up—or if new sweeps start hitting higher levels—that would tell me this move is just getting started.

What to watch for to manage the trade:

• If these call strikes start going bidside, it means the Smart Money is closing out.
• Price staying above the 89 EMA on the 4-hour chart (if it falls below, support breaks).
• Next news/catalyst on antimony or rare minerals (policy/regulation).
• Continued options flow—if you see further large call purchases, that could reinforce the thesis.

Full Disclosure: I personally have a small position in the 12.5 calls.

Disclaimer: This post is for informational and educational purposes only. Nothing here should be considered financial advice or a recommendation to buy or sell any security. Always do your own research and trade based on your own risk tolerance and strategy.