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Pan American Silver Corp PAAS 41.17 0.59 1.45%

Previous-day view · Fri Nov 6 close. You are previewing the previous trading day. Subscribe to see today live and every other date — Trader is $59/mo. Sign up Sign in

Expected move

November 06, 2026 close · $41.18
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±2.4% ±$0.99 $40.20 – $42.17 $40.00 – $42.37 $39.07 – $43.30
2 sessions ±3.3% ±$1.38 $39.81 – $42.56 $39.52 – $42.85 $38.22 – $44.15
3 sessions ±4.2% ±$1.73 $39.45 – $42.91 $39.12 – $43.25 $37.50 – $44.87
1 week ±5.3% ±$2.20 $38.99 – $43.38 $38.50 – $43.87 $36.50 – $45.87
2 weeks ±7.1% ±$2.92 $38.27 – $44.10 $37.58 – $44.79 $34.97 – $47.40
3 weeks ±8.8% ±$3.61 $37.58 – $44.79 $36.71 – $45.66 $33.57 – $48.80
1 month ±10.3% ±$4.23 $36.96 – $45.41 $35.91 – $46.46 $32.23 – $50.14
Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. Draw the cone on the chart →

Volatility premium

Beta
The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move
±5.35%
Average actual move
6.64%
Beyond the implied move
3 / 6
Median IV change
-10.30%
Reaction session Implied Actual Used ATM IV before → after
November 05, 2026 ±5.60% -2.19% 0.39× 57.2% → 54.4%
August 13, 2026 ±5.20% -9.70% 1.86× —
May 06, 2026 ±6.53% +12.02% 1.84× 59.3% → 54.7%
August 07, 2025 ±4.34% +7.12% 1.64× 46.8% → 42.0%
May 08, 2025 ±5.29% +3.99% 0.75× 54.4% → 46.8%
February 20, 2025 ±5.14% +4.85% 0.94× 47.8% → 40.2%
Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →