WPM: initiating SHORT position in Jan10 Puts
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).
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).