BenjiMiller
Short

WPM: initiating SHORT position in Jan10 Puts

NYSE:WPM   WHEATON PRECIOUS METALS CORP
Based on my prediction that Gold (and Silver ) are due for one last SHARP decline in the coming weeks, I am taking a SHORT position in WPM .

Here's the PUT: WPM JAN 10, 2020 $27 put

Currently offered around $0.16

My target for WPM in the coming weeks is an attack on the $24 level. If correct, this put would reach $3.00

That being said, you could short essentially ANY precious metals related stock and profit greatly in the coming weeks (if my prediction of a strong sell-off holds true).

Comments

These puts must hurt by now.
Reply
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