<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Wheaton Precious Metals</strong>.</p>
<p>Looking at options history for Wheaton Precious Metals (NYSE:WPM) we detected 10 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 40% with bearish.</p>
<p>From the overall spotted trades, 2 are puts, for a total amount of $55,730 and 8, calls, for a total amount of $445,000.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $130.0 for Wheaton Precious Metals over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Wheaton Precious Metals's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Wheaton Precious Metals's whale trades within a strike price range from $45.0 to $130.0 in the last 30 days. </p>
<h3>Wheaton Precious Metals Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1766775715_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Options Call Chart" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2025/1766775715_0.png"/></p>

<h3>Noteworthy Options Activity:</h3>
<p></p><table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$33.2</td>
<td>$32.8</td>
<td>$33.2</td>
<td>$100.00</td>
<td>$116.2K</td>
<td align="right">623</td>
<td align="right">36</td>
</tr>
<tr>
<td>WPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$17.0</td>
<td>$16.4</td>
<td>$16.51</td>
<td>$120.00</td>
<td>$67.6K</td>
<td align="right">304</td>
<td align="right">53</td>
</tr>
<tr>
<td>WPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$23.5</td>
<td>$21.8</td>
<td>$21.8</td>
<td>$110.00</td>
<td>$65.4K</td>
<td align="right">137</td>
<td align="right">32</td>
</tr>
<tr>
<td>WPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$20.5</td>
<td>$19.1</td>
<td>$19.8</td>
<td>$130.00</td>
<td>$59.4K</td>
<td align="right">185</td>
<td align="right">0</td>
</tr>
<tr>
<td>WPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$80.3</td>
<td>$77.2</td>
<td>$79.0</td>
<td>$45.00</td>
<td>$39.5K</td>
<td align="right">85</td>
<td align="right">0</td>
</tr>
</tbody>
</table><p></p>
<h3>About Wheaton Precious Metals</h3>
<p>Wheaton Precious Metals Corp is a precious metal streaming company. Its reportable segment includes: Gold, Silver, Palladium, Platinum, Cobalt, and Other. It generates its revenue from the sale of precious metals (gold, silver and palladium) and cobalt.</p>
<p>Following our analysis of the options activities associated with Wheaton Precious Metals, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Wheaton Precious Metals Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 806,279, the WPM's price is up by 1.12%, now at $123.32. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 76 days.</li>
</ul>
<h3>What The Experts Say On Wheaton Precious Metals</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $124.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Wheaton Precious Metals, targeting a price of $118. 
* In a positive move, an analyst from RBC Capital has upgraded their rating to Outperform and adjusted the price target to $130. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Wheaton Precious Metals with Benzinga Pro for real-time alerts.</p>

<p>Significant investors have shown a bearish stance on Wheaton Precious Metals, with 40% of trades being bearish and 30% bullish. The trades include 2 puts worth $55,730 and 8 calls worth $445,000. The price target ranges from $45 to $130. Currently, WPM is trading at $123.32, up by 1.12%. Analysts have set an average price target of $124, with UBS holding a Neutral rating and RBC Capital upgrading to Outperform with a $130 target.</p>

Wheaton Precious Metals Unusual Options Activity For December 26