Markets
WPM

Call buyers bet on Wheaton Precious Metals to rise

Traders are stocking up Tuesday on shares of Wheaton Precious Metals ( WPM ). So far, 1,112 contracts of the March 21 call have changed hands, against open interest of 213 contracts. Most of today's trades came early in the day, as the stock was ramping up. Pricing indicates that these new contracts were initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for WPM ($20.11 up $0.62) are bearish with a possible trend reversal. The stock has support about $19.00. Look at the June 15/17.50 bull-put spread for a 27-cent credit. That's a 12.1% return and the stock has to fall by 13.0% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WPM

Other Topics

Options