WPMWheaton Precious Metals Corp. Common Stock
Options Analysis Report
Market Cap $63.2B|NYSE
● 2026-05-15$139.26
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +76.8%YTD +18.1%7D +0.3%
Options Vol
4,498
30D
Implied Move
±14.1%
IV Rank
55%
WPM Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
6.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 63.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.95x — IV ≤ HV
Sector Relative≤50%
Sector percentile 42% — below sector median
Term Structure
<1.1xFront/Back 1.06x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 51.3% — normal range
Spread-Adjusted Value
<80%Effective IV 82.8% (ATM 51.3% + spread 15.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 23.13% (spread 15.76% + slippage 7.37%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.09 (vega 11.169 / spread 15.76%) — efficient
Sentiment
Bullish or bearish?
4.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Weak signal (Conviction: -39%, Raw: -31%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -39% (strong bearish) — Raw: -31%
OI Skew Magnitude
≥15%|OI skew| 0.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +15.5%, OI skew -0.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 19%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -17%, ATM: +3%, OTM: -38% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 69% — bearish vs sector
Activity
Unusual activity?
4.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 4.2% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +5.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 75% — active vs sector
Trade Quality
≥30%Large trade volume 15% — mixed
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction -39 (bearish) — moderate
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 15.8% — wide
Adequate OI
≥10,000OI 106,667 — deep
Active Volume
≥500Volume 4,498/day — adequate
Reasonable Cost
≤$0.50$0.79 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 68% — wider than sector
Order Book Depth
≥100 contractsDepth 141.7 contracts (bid:72.0 ask:69.7) — adequate
Execution Quality
<1.0%Avg slippage 7.37% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +5.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 63% — neutral
Event Detection
≥10pts kinkIV kink 2.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 58.78 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -39% @ 70% consistency — moderate (bearish)
Smart Money Timing
≥40 composite scoreScore 45 (ITM 20% + inst 15%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV cheap, mixed flow
Long Puts5.7
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call4.9
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.