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BenjiMiller
Dec 23, 2019 6:08 PM

WPM: initiating SHORT position in Jan10 Puts Short

Wheaton Precious Metals CorpNYSE

Description

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
rwoods187
These puts must hurt by now.
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