SA Moves

Seabridge Gold SA 25.53 0.19 0.75%

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 · $25.52

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session	±3.0% ±$0.77	$24.75 – $26.29	$24.59 – $26.44	$23.86 – $27.17
2 sessions	±4.2% ±$1.07	$24.44 – $26.59	$24.22 – $26.81	$23.21 – $27.83
3 sessions	±5.3% ±$1.35	$24.17 – $26.87	$23.91 – $27.13	$22.64 – $28.39
1 week	±6.7% ±$1.71	$23.80 – $27.23	$23.42 – $27.61	$21.86 – $29.17
2 weeks Earnings	±10.3% ±$2.61	$22.90 – $28.13	$22.28 – $28.75	$19.99 – $31.04
3 weeks Earnings	±12.5% ±$3.18	$22.33 – $28.70	$21.57 – $29.46	$18.82 – $32.21
1 month Earnings	±14.6% ±$3.73	$21.78 – $29.25	$20.88 – $30.15	$17.66 – $33.37

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. SA reports in 8 sessions; only the horizons marked Earnings include its jump. 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

±6.02%

Average actual move

4.12%

Beyond the implied move

0 / 3

Median IV change

-6.00%

Reaction session	Implied	Actual	Used	ATM IV before → after
August 14, 2026	±8.47%	+4.20%	0.50×	—
May 14, 2026	±5.34%	-5.11%	0.96×	—
May 14, 2025	±4.26%	-3.06%	0.72×	—

Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →