Quantchabot has detected a new Bear Call Spread trade opportunity for PAN AMERICAN SILVER (PAAS) for the 7-Nov-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PAAS was recently trading at $38.55 and has an implied volatility of 58.48% for this period. Based on an analysis of the options available for PAAS expiring on 7-Nov-2025, there is a 34.23% likelihood that the underlying will close within the analyzed range of $33.52-$38.65 at expiration. In this scenario, the average linear return for the trade would be 32.99%.
Big -8.28% Change: After closing the last trading session at $42.03, PAN AMERICAN SILVER opened today at $40.95 and has reached a low of $38.45.
Trade approach: A movement as big as -8.28% is a significantly bearish indicator, so this trade is designed to be profitable if PAAS maintains its current direction and does not revert back to pricing on the bullish side of $38.55 on 7-Nov-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if PAN AMERICAN SILVER closes at or below $38.65 on 7-Nov-2025. Based on our risk-neutral analysis, there is a 50.03% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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