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: Mar 19, 2027
Days to expiration: 159
Share price: $46.27
Put/call ratio (OI): 0.57
Put/call ratio (volume): 4.27
ATM implied volatility: 48.4%
Expected move: ±$14.78
Open interest (C / P): 7.04K / 4.01K

PAAS options summary

The PAAS options chain for the March 19, 2027 expiration lists 22 call and 27 put contracts, with 159 days until expiration. Open interest stands at 7,035 calls and 4,008 puts, a put/call ratio of 0.57, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $46.00 strike is 48.4%, which implies the market expects a move of about ±$14.78 (31.9%) in Pan American Silver stock by expiration.

The most open interest sits at the $55.00 call (2.69K contracts) and the $40.00 put (1.29K contracts).

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

PAAS options chain · March 19, 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
0	—	—	25.45	0.00	0.00	25.00	0.00	0.00	0.35	25.0%	2	0
—	—	—	—	—	—	28.00	0.05	0.45	0.40	53.7%	1	2
67	2	57.3%	16.40	16.40	17.90	30.00	0.35	0.65	0.65	52.4%	2	103
—	—	—	—	—	—	31.00	0.00	0.00	1.00	12.5%	—	0
—	—	—	—	—	—	33.00	0.75	0.95	1.08	48.7%	1	2
38	1	52.8%	13.40	12.30	13.60	35.00	0.85	1.60	1.35	51.7%	35	1,167
—	—	—	—	—	—	36.00	1.25	1.60	1.75	48.3%	1	4
—	—	—	—	—	—	37.00	1.45	2.00	2.10	49.7%	5	15
1	1	50.9%	10.60	10.10	11.30	38.00	1.75	2.30	2.47	49.5%	1	43
—	—	—	—	—	—	39.00	2.00	2.50	2.50	48.0%	13	25
86	1	53.5%	8.10	9.00	10.40	40.00	2.35	2.85	2.91	47.8%	1,000	1,294
—	—	—	—	—	—	41.00	2.70	3.30	3.67	48.3%	2	41
5	—	50.6%	12.36	7.80	8.70	42.00	3.00	3.70	4.05	48.1%	10	17
1	—	50.0%	8.20	7.20	8.10	43.00	3.50	4.10	4.40	47.6%	2	45
4	3	53.1%	6.05	6.70	7.50	44.00	3.90	4.50	4.30	46.9%	1	24
278	6	50.4%	5.50	6.30	7.10	45.00	4.40	5.00	4.64	46.8%	4	417
11	3	50.4%	6.30	5.90	6.60	46.00	4.90	5.50	5.16	46.4%	1	37
PAAS $46.27
5	10	51.9%	5.91	5.20	6.00	47.00	5.40	6.20	6.50	47.5%	3	32
13	40	50.2%	5.40	5.10	5.70	48.00	6.00	6.70	6.78	46.7%	1	9
11	2	52.5%	4.15	4.60	5.30	49.00	6.60	7.50	6.70	48.2%	7	11
968	20	52.2%	4.10	4.20	4.90	50.00	7.20	7.90	8.38	46.2%	1	236
2,685	42	52.0%	3.30	2.80	3.40	55.00	10.60	11.40	11.00	45.6%	5	137
1,017	10	51.6%	2.20	1.50	2.30	60.00	14.60	15.70	13.45	48.4%	4	227
874	12	50.0%	1.23	1.25	1.60	65.00	18.90	20.20	20.08	50.6%	1	97
187	50	50.1%	1.10	0.70	1.20	70.00	23.40	24.80	23.15	51.9%	2	23
479	50	51.4%	0.60	0.55	0.85	75.00	—	—	—	—	—	—
130	1	51.6%	0.50	0.35	0.60	80.00	—	—	—	—	—	—
29	3	53.9%	0.32	0.20	0.60	85.00	37.20	40.00	35.58	70.1%	1	0
146	2	53.0%	0.30	0.15	0.35	90.00	0.00	0.00	36.36	—	1	0

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 March 19, 2027 expiration, the PAAS put/call ratio based on open interest is 0.57 (4,008 puts vs 7,035 calls), and 4.27 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 March 19, 2027 is about 48.4%, 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.