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: Jan 15, 2027
Days to expiration: 96
Share price: $46.27
Put/call ratio (OI): 0.22
Put/call ratio (volume): 0.12
ATM implied volatility: 48.6%
Expected move: ±$11.53
Open interest (C / P): 77.83K / 17.27K

PAAS options summary

The PAAS options chain for the January 15, 2027 expiration lists 31 call and 38 put contracts, with 96 days until expiration. Open interest stands at 77,825 calls and 17,270 puts, a put/call ratio of 0.22, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $46.00 strike is 48.6%, which implies the market expects a move of about ±$11.53 (24.9%) in Pan American Silver stock by expiration.

The most open interest sits at the $60.00 call (16.25K contracts) and the $50.00 put (4.58K contracts).

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

PAAS options chain · January 15, 2027

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
142	6	201.6%	42.70	35.00	38.80	10.00	0.00	0.25	0.20	147.3%	1	12
31	2	145.9%	37.30	32.10	35.10	13.00	0.00	0.45	0.05	135.7%	2	21
846	1	121.7%	30.20	30.10	32.90	15.00	0.00	0.00	0.05	50.0%	103	0
194	1	271.9%	30.09	32.20	34.90	18.00	0.00	0.10	0.05	81.3%	13	314
312	1	96.5%	28.60	25.20	27.90	20.00	0.00	0.15	0.10	77.2%	1	409
553	1	79.7%	26.90	23.50	25.40	22.00	0.00	0.15	0.14	69.1%	1	321
1,829	1	67.4%	21.36	20.10	22.80	25.00	0.05	0.15	0.08	60.9%	20	613
—	—	—	—	—	—	26.00	0.00	0.15	0.20	54.9%	—	1
528	10	65.6%	19.44	18.80	20.30	27.00	0.00	0.15	0.11	51.8%	10	296
—	—	—	—	—	—	29.00	0.00	0.00	0.40	25.0%	—	0
1,564	1	81.9%	14.20	15.40	17.50	30.00	0.05	0.30	0.22	55.5%	15	1,026
—	—	—	—	—	—	31.00	0.05	0.35	0.30	53.9%	10	20
—	—	—	—	—	—	33.00	0.25	0.45	0.52	50.1%	—	5
—	—	—	—	—	—	34.00	0.35	0.55	0.60	49.4%	1	61
4,292	37	57.1%	12.50	12.00	12.70	35.00	0.45	0.65	0.54	48.1%	1	1,266
—	—	—	—	—	—	36.00	0.60	0.90	0.96	49.7%	5	721
—	—	—	—	—	—	37.00	0.70	0.95	0.90	46.8%	20	326
45	30	50.8%	8.20	9.10	10.30	38.00	0.90	1.20	1.41	47.2%	11	51
—	—	—	—	—	—	39.00	1.10	1.50	1.30	47.7%	2	73
5,352	6	50.1%	8.45	8.00	8.50	40.00	1.40	1.90	2.00	49.0%	1	1,920
4	1	50.1%	6.30	7.20	8.00	41.00	1.65	2.35	1.90	50.4%	10	44
108	20	55.0%	9.50	6.50	7.40	42.00	1.80	2.45	2.21	47.0%	10	133
9	1	50.0%	6.35	5.90	6.40	43.00	2.35	2.75	3.40	45.7%	9	310
3	1	53.9%	5.50	5.40	6.20	44.00	2.75	3.40	3.60	48.0%	21	304
1,631	6	49.5%	5.20	5.10	5.30	45.00	3.20	3.90	3.50	48.1%	10	2,164
65	2	50.3%	4.66	4.50	4.90	46.00	3.70	4.30	4.10	46.9%	1	74
PAAS $46.27
39	18	50.8%	4.20	4.00	4.50	47.00	4.10	4.90	5.20	47.3%	10	57
94	5	50.9%	3.10	3.60	4.10	48.00	4.80	5.50	4.90	47.4%	1	60
29	10	50.6%	3.25	3.30	3.70	49.00	5.30	5.90	6.55	45.0%	20	85
3,664	95	51.1%	3.08	2.95	3.40	50.00	6.20	6.50	6.38	44.4%	1	4,583
13,366	46	49.5%	1.90	1.30	1.90	55.00	9.50	10.40	11.46	46.6%	3	1,203
16,245	25	49.9%	1.10	0.90	1.10	60.00	13.70	14.70	15.60	47.8%	5	398
2,364	60	50.7%	0.60	0.40	0.65	65.00	18.30	19.40	19.04	51.2%	2	209
2,748	13	53.3%	0.40	0.20	0.45	70.00	23.00	24.40	20.08	58.7%	1	154
1,396	1	55.9%	0.25	0.20	0.45	75.00	27.20	30.10	22.86	79.1%	1	0
3,218	15	52.1%	0.10	0.05	0.20	80.00	0.00	0.00	27.80	—	1	0
1,537	1	52.7%	0.15	0.00	0.15	85.00	25.10	27.50	29.48	—	6	1
828	2	64.3%	0.12	0.00	0.35	90.00	—	—	—	—	—	—
14,789	2,344	65.0%	0.05	0.00	0.25	95.00	46.20	48.60	41.17	—	1	35

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 January 15, 2027 expiration, the PAAS put/call ratio based on open interest is 0.22 (17,270 puts vs 77,825 calls), and 0.12 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 January 15, 2027 is about 48.6%, 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.