2.34K calls and 37 puts traded on Nov 4, 2026, 2.38K contracts in total. Open interest was 30.91K contracts. Over the past 30 days, volume averaged 565 contracts per day. The HBM option volume chart shows volume by strike and expiration date.

Hudbay Minerals IV rank is 14, so its 30-day implied volatility of 65.2% is near the bottom of its one-year range. Over the past year it ranged from 43.1% on Dec 22, 2025 to 203.6% on Jan 16, 2026. See the HBM implied volatility history for a longer view.

The Hudbay Minerals put/call volume ratio was 0.02 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.48. The HBM open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Hudbay Minerals options about one week from expiration was $25.14, 13.1% above the $22.23 close. The HBM max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 69.7%, options price a move of about ±$2.15 (±9.7%) over the next week, a range of roughly $20.08 to $24.38 from the Nov 4, 2026 close. The HBM expected move chart shows it for every expiration date.