Pan American Silver (PAAS) Options Chain

NYSE: PAASBasic MaterialsPrecious MetalsUSD

46.27+0.96 (+2.12%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $46.27
Put/call ratio (OI): 0.38
Put/call ratio (volume): 0.24
ATM implied volatility: 52.3%
Expected move: ±$2.83
Open interest (C / P): 26.90K / 10.35K

PAAS options summary

The PAAS options chain for the October 16, 2026 expiration lists 39 call and 33 put contracts, with 5 days until expiration. Open interest stands at 26,898 calls and 10,352 puts, a put/call ratio of 0.38, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $46.50 strike is 52.3%, which implies the market expects a move of about ±$2.83 (6.1%) in Pan American Silver stock by expiration.

The most open interest sits at the $60.00 call (5.59K contracts) and the $50.00 put (2.41K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PAAS options chain · October 16, 2026

PAAS calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	25.00	0.00	0.00	0.01	50.0%	3	0
32	10	206.3%	16.01	15.10	17.70	30.00	0.00	0.30	0.05	212.1%	50	423
2	—	179.7%	15.40	13.70	15.10	32.00	—	—	—	—	—	—
7	8	154.7%	11.60	11.70	13.10	34.00	—	—	—	—	—	—
338	8	168.4%	10.60	10.80	12.30	35.00	0.00	0.20	0.04	135.2%	1	615
—	—	—	—	—	—	36.00	0.00	0.30	0.10	134.4%	30	124
0	6	—	15.90	0.00	0.00	37.00	0.00	0.30	0.10	122.3%	1	195
—	—	—	—	—	—	38.00	0.00	0.30	0.06	110.3%	4	5
4	8	95.5%	6.30	6.70	8.10	39.00	0.00	0.30	0.11	98.6%	1	39
135	1	91.0%	6.10	5.90	7.00	40.00	0.00	0.10	0.08	69.1%	1	1,984
3	1	89.5%	3.89	5.00	6.10	41.00	0.00	0.15	0.15	64.5%	3	90
43	2	76.4%	2.95	4.00	5.10	42.00	0.00	0.20	0.12	57.4%	7	105
44	2	67.0%	3.43	3.10	4.10	43.00	0.10	0.15	0.13	52.0%	42	1,264
—	—	—	—	—	—	43.50	0.05	0.30	0.17	58.0%	2	129
45	23	62.4%	2.95	2.40	3.10	44.00	0.20	0.30	0.27	51.0%	4	216
—	—	—	—	—	—	44.50	0.25	0.40	0.30	49.9%	2	142
3,298	34	54.3%	1.75	1.75	2.05	45.00	0.40	0.55	0.50	50.1%	76	1,335
—	—	—	—	—	—	45.50	0.35	0.80	0.60	53.4%	12	5
757	98	52.7%	1.31	1.15	1.40	46.00	0.75	0.95	0.85	50.1%	11	177
PAAS $46.27
16	19	54.8%	1.10	0.90	1.25	46.50	0.90	1.20	1.00	49.9%	51	10
799	88	51.8%	0.85	0.65	0.95	47.00	1.20	1.55	1.19	52.7%	26	157
80	83	54.4%	0.76	0.50	0.85	47.50	1.25	1.95	2.79	56.6%	5	18
227	117	51.7%	0.50	0.40	0.55	48.00	1.50	2.35	1.97	59.4%	11	681
129	21	54.2%	0.47	0.30	0.50	48.50	2.05	2.65	4.05	55.5%	58	29
259	24	50.6%	0.28	0.20	0.30	49.00	2.60	3.30	4.10	70.7%	11	138
79	72	54.3%	0.32	0.10	0.35	49.50	2.80	3.70	3.80	71.1%	109	28
5,414	143	52.9%	0.15	0.10	0.20	50.00	3.20	4.10	3.67	70.5%	20	2,408
282	10	56.5%	0.09	0.00	0.10	51.00	4.10	4.90	5.75	64.5%	1	2
437	2	56.3%	0.05	0.00	0.10	52.00	5.10	6.40	7.05	112.9%	1	2
243	1	57.0%	0.05	0.00	0.05	53.00	6.00	7.40	7.15	123.6%	1	0
255	1	70.7%	0.10	0.00	0.10	54.00	—	—	—	—	—	—
3,637	32	69.5%	0.03	0.00	0.05	55.00	8.00	9.10	8.62	119.7%	5	31
77	16	90.2%	0.07	0.00	0.15	56.00	—	—	—	—	—	—
136	5	126.8%	0.10	0.00	0.55	57.00	—	—	—	—	—	—
130	—	117.6%	0.50	0.00	0.30	58.00	—	—	—	—	—	—
11	—	124.6%	0.23	0.00	0.30	59.00	—	—	—	—	—	—
5,588	4	98.4%	0.05	0.00	0.05	60.00	13.00	14.90	15.40	141.8%	175	0
3	—	137.5%	0.16	0.00	0.30	61.00	—	—	—	—	—	—
1,675	2	123.4%	0.01	0.00	0.05	65.00	17.30	20.00	14.22	272.3%	16	0
735	1	146.9%	0.04	0.00	0.05	70.00	0.00	0.00	18.12	—	10	0
205	2	167.2%	0.08	0.00	0.05	75.00	21.30	22.90	33.10	—	1	0
684	5	201.6%	0.05	0.00	0.10	80.00	—	—	—	—	—	—
0	5	50.0%	0.24	0.00	0.00	85.00	—	—	—	—	—	—
399	229	276.2%	0.02	0.00	0.30	90.00	—	—	—	—	—	—
690	2,106	234.4%	0.02	0.00	0.05	95.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PAAS put/call ratio?

For the October 16, 2026 expiration, the PAAS put/call ratio based on open interest is 0.38 (10,352 puts vs 26,898 calls), and 0.24 based on today's volume. A ratio above 1 means more puts than calls.

What is PAAS's implied volatility?

At-the-money implied volatility for PAAS options expiring October 16, 2026 is about 52.3%, an annualized estimate of how much the market expects Pan American Silver stock to move.

How many PAAS option expiration dates are there?

PAAS has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.