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Pan American Silver Corp PAAS 40.58 -0.91 -2.19%

Previous-day view · Thu Nov 5 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 05, 2026 close · $40.58
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±2.5% ±$0.99 $39.59 – $41.57 $39.39 – $41.77 $38.45 – $42.71
2 sessions ±3.4% ±$1.38 $39.20 – $41.96 $38.90 – $42.26 $37.60 – $43.56
3 sessions ±4.3% ±$1.74 $38.84 – $42.32 $38.51 – $42.65 $36.88 – $44.28
1 week ±5.5% ±$2.21 $38.37 – $42.79 $37.88 – $43.28 $35.87 – $45.29
2 weeks ±7.5% ±$3.04 $37.54 – $43.62 $36.82 – $44.34 $34.09 – $47.07
3 weeks ±8.7% ±$3.53 $37.05 – $44.11 $36.19 – $44.97 $33.11 – $48.05
1 month ±10.3% ±$4.16 $36.42 – $44.74 $35.39 – $45.77 $31.76 – $49.40
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 →