WPM Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: With gold prices remaining buoyant and WPM's implied volatility forecast at a 2% premium over the market, a bullish outlook is supported by brand loyalty and demand for precious metals.




Bearish Case: High implied volatility at 56.6% and market uncertainty suggest short-term pricing challenges, compounded by recent mixed earnings reports and economic headwinds.




Potential Outcomes:

1. 70% chance of stable gold prices driving WPM up.

2. 20% chance of economic downturn impacting performance negatively.

3. 10% chance of major sell-off from institutional investors leading to price drops.




Trading Oracle: Implement a bullish credit spread by selling a $64 put and buying two $60 puts, leveraging Helium's data showing a 74% strategy probability of profit. Target expiration in seven days to capitalize on short-term gains in a bullish upward trend.



November 05, 2024


Wheaton Precious Metals Forecast

WPM        Wheaton Precious Metals











Correlated Assets

Assets that tend to move strongly with WPM



RGLD Forecast + Options Trading Strategies   RGLD  Royal Gold (0.98)


KGC Forecast + Options Trading Strategies   KGC  Kinross Gold (0.98)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (0.97)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.97)


AEM Forecast + Options Trading Strategies   AEM  Agnico Eagle Mines (0.97)



Uncorrelated Assets

Assets with little price relationship to WPM



BG Forecast + Options Trading Strategies   BG  Bunge (0.0)


WMT Forecast + Options Trading Strategies   WMT  Walmart (-0.0)


WMS Forecast + Options Trading Strategies   WMS  Advanced Drainage Systems (0.01)


GXO Forecast + Options Trading Strategies   GXO  GXO Logistics (0.01)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (0.01)



Anticorrelated Assets

Assets that tend to move strongly against WPM



METC Forecast + Options Trading Strategies   METC  Ramaco Resources (-0.87)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.88)


ADNT Forecast + Options Trading Strategies   ADNT  Adient (-0.88)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.9)


DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.91)









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