Quantchabot has detected a new Bull Call Spread trade opportunity for PAN AMERICAN SILVER (PAAS) for the 13-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PAAS was recently trading at $61.22 and has an implied volatility of 59.87% for this period. Based on an analysis of the options available for PAAS expiring on 13-Feb-2026, there is a 34.25% likelihood that the underlying will close within the analyzed range of $61.37-$71.24 at expiration. In this scenario, the average linear return for the trade would be 10.52%.
Big 7.01% Change: After closing the last trading session at $57.21, PAN AMERICAN SILVER opened today at $58.02 and has reached a high of $61.85.
Trade approach: A movement as big as 7.01% is a significantly bullish indicator, so this trade is designed to be profitable if PAAS maintains its current direction and does not revert back to pricing on the bearish side of $61.22 on 13-Feb-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if PAN AMERICAN SILVER closes at or above $59.70 on 13-Feb-2026. Based on our risk-neutral analysis, there is a 57.34% 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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