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 21, 2028
Days to expiration: 468
Share price: $46.27
Put/call ratio (OI): 0.15
Put/call ratio (volume): 0.58
ATM implied volatility: 52.8%
Expected move: ±$27.66
Open interest (C / P): 53.41K / 7.78K

PAAS options summary

The PAAS options chain for the January 21, 2028 expiration lists 23 call and 23 put contracts, with 468 days until expiration. Open interest stands at 53,411 calls and 7,780 puts, a put/call ratio of 0.15, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $47.00 strike is 52.8%, which implies the market expects a move of about ±$27.66 (59.8%) in Pan American Silver stock by expiration.

The most open interest sits at the $60.00 call (13.10K contracts) and the $50.00 put (1.65K contracts).

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

PAAS options chain · January 21, 2028

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
91	2	65.3%	29.30	28.80	29.70	18.00	0.15	0.60	0.44	51.8%	1	62
138	1	55.4%	26.00	26.00	28.10	20.00	0.10	0.65	0.40	52.9%	1	113
46	1	128.7%	22.00	30.40	33.20	23.00	0.05	1.15	1.85	53.0%	2	22
146	2	54.7%	22.02	22.00	24.00	25.00	0.60	1.20	1.07	48.5%	3	804
218	20	54.4%	20.83	19.90	21.70	28.00	1.25	1.80	1.55	47.6%	1	514
616	20	54.4%	19.41	18.60	20.30	30.00	0.75	2.40	2.30	48.0%	1	700
116	1	53.1%	22.76	16.60	18.20	33.00	2.65	3.20	3.05	46.6%	1	193
728	1	53.6%	14.60	15.60	17.00	35.00	3.40	5.00	3.60	53.4%	5	914
639	1	53.5%	14.40	14.60	15.80	37.00	4.00	4.70	4.70	46.1%	14	252
5,812	98	52.9%	12.65	13.00	14.20	40.00	3.30	6.00	6.30	45.6%	2	552
250	1	52.8%	12.30	12.10	13.20	42.00	6.30	7.00	7.25	45.5%	3	747
853	2	53.1%	11.49	11.00	11.90	45.00	7.80	9.20	8.30	48.2%	2	358
PAAS $46.27
342	3	52.5%	9.47	10.00	11.10	47.00	7.90	11.40	9.10	53.1%	5	186
2,282	1	52.5%	9.45	9.00	10.00	50.00	10.70	11.40	11.70	43.8%	1	1,649
8,663	9	50.8%	8.15	6.80	8.40	55.00	13.80	14.90	15.43	44.0%	5	270
13,099	2	52.8%	6.70	6.40	7.10	60.00	17.50	20.40	16.08	52.4%	1	157
532	2	50.8%	5.58	4.40	6.20	65.00	21.30	22.60	20.75	43.5%	10	71
4,885	2	53.0%	4.30	4.00	5.70	70.00	25.40	26.70	26.90	42.9%	50	116
1,037	3	52.1%	4.00	3.40	4.50	75.00	25.20	27.70	32.65	—	1	5
3,511	1	53.0%	3.20	3.20	3.80	80.00	34.00	35.50	35.67	42.1%	50	58
2,005	5	53.4%	3.05	2.80	3.30	85.00	37.00	41.50	40.99	51.8%	6	37
3,034	2	50.6%	2.55	1.40	3.00	90.00	0.00	0.00	39.00	—	—	0
4,368	105	53.0%	2.28	1.90	2.45	95.00	0.00	0.00	45.80	—	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 January 21, 2028 expiration, the PAAS put/call ratio based on open interest is 0.15 (7,780 puts vs 53,411 calls), and 0.58 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 21, 2028 is about 52.8%, 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.