11.53K calls and 2.45K puts traded on Nov 4, 2026, 13.97K contracts in total. Open interest was 255.68K contracts. Over the past 30 days, volume averaged 6.81K contracts per day. The PAAS option volume chart shows volume by strike and expiration date.

Pan American Silver IV rank is 19, so its 30-day implied volatility of 51.6% is near the bottom of its one-year range. Over the past year it ranged from 44.7% on Oct 2, 2026 to 81.8% on Jan 26, 2026. See the PAAS implied volatility history for a longer view.

The Pan American Silver put/call volume ratio was 0.21 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.36. The PAAS open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Pan American Silver options about one week from expiration was $41.86, 0.9% above the $41.50 close. The PAAS max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 71.5%, options price a move of about ±$4.11 (±9.9%) over the next week, a range of roughly $37.39 to $45.61 from the Nov 4, 2026 close. The PAAS expected move chart shows it for every expiration date.