Wheaton Precious Metals (WPM) Options Chain

NYSE: WPMBasic MaterialsPrecious MetalsUSD

138.65+3.69 (+2.73%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $138.65
Put/call ratio (OI): 1.14
Put/call ratio (volume): 2.71
ATM implied volatility: 47.2%
Expected move: ±$74.16
Open interest (C / P): 6.54K / 7.48K

WPM options summary

The WPM options chain for the January 21, 2028 expiration lists 34 call and 32 put contracts, with 468 days until expiration. Open interest stands at 6,535 calls and 7,480 puts, a put/call ratio of 1.14, which is fairly balanced between calls and puts. At-the-money implied volatility near the $140.00 strike is 47.2%, which implies the market expects a move of about ±$74.16 (53.5%) in Wheaton Precious Metals stock by expiration.

The most open interest sits at the $200.00 call (764 contracts) and the $100.00 put (2.44K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

WPM options chain · January 21, 2028

WPM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
157	1	67.7%	88.17	89.00	93.50	50.00	0.10	1.15	0.81	55.9%	1	91
35	1	68.0%	84.10	85.00	89.50	55.00	0.75	1.35	1.00	50.1%	10	95
0	9	—	82.00	0.00	0.00	60.00	0.95	1.75	1.45	51.5%	1	84
28	1	—	80.86	68.50	71.50	65.00	1.40	2.50	1.85	51.7%	4	92
30	1	61.0%	70.15	72.40	76.10	70.00	1.90	2.80	2.90	49.0%	6	77
82	1	60.7%	67.80	68.60	72.50	75.00	2.55	3.80	2.95	49.2%	3	13
115	1	59.7%	65.65	64.50	69.00	80.00	3.20	4.70	4.30	48.5%	11	77
39	9	58.8%	60.65	61.20	65.00	85.00	4.60	5.70	4.98	47.7%	2	60
118	1	57.7%	59.05	57.50	61.50	90.00	5.80	6.70	5.26	46.5%	1	82
143	1	56.8%	56.00	54.70	57.40	95.00	7.00	8.10	8.35	46.2%	1	40
348	1	56.1%	49.00	50.60	55.00	100.00	8.50	9.80	10.00	46.2%	3	2,440
311	1	54.6%	46.90	47.00	51.50	105.00	10.00	11.70	12.00	46.2%	6	65
178	2	54.5%	42.60	45.20	47.80	110.00	11.80	13.20	13.50	45.1%	5	106
163	2	54.1%	40.50	41.50	46.00	115.00	12.30	16.30	13.95	46.8%	10	22
378	1	53.5%	37.60	39.50	42.50	120.00	15.20	17.10	18.00	43.9%	50	484
165	8	52.7%	37.70	36.00	40.50	125.00	17.60	21.00	21.00	46.4%	1	63
319	2	53.9%	35.48	35.00	38.50	130.00	20.50	21.80	20.74	43.1%	12	57
181	2	52.2%	31.00	32.30	35.10	135.00	21.50	25.70	23.92	44.9%	1	66
WPM $138.65
257	2	52.3%	31.80	30.80	32.80	140.00	24.00	27.00	26.40	42.2%	10	148
222	2	51.7%	27.70	28.00	31.20	145.00	28.40	30.20	27.42	42.4%	12	19
351	1	50.9%	25.20	25.50	29.30	150.00	30.00	34.30	34.30	43.8%	50	373
187	8	51.7%	24.38	24.00	28.50	155.00	33.00	37.40	34.60	43.4%	10	645
325	1	52.0%	24.00	24.00	25.90	160.00	36.30	40.50	41.34	42.8%	10	1,513
229	9	50.8%	21.70	20.50	25.00	165.00	39.50	43.90	39.60	42.5%	10	2
97	1	50.6%	21.50	19.50	23.00	170.00	44.50	46.20	40.25	40.3%	1	13
88	1	50.7%	26.00	18.50	21.70	175.00	0.00	0.00	42.00	—	2	0
130	1	50.9%	18.00	18.00	20.00	180.00	51.00	54.50	47.80	41.3%	2	1
82	1	51.1%	16.50	17.00	19.00	185.00	0.00	0.00	72.15	—	4	0
75	5	50.9%	17.04	15.10	18.60	190.00	0.00	0.00	53.00	—	3	0
82	2	72.4%	9.50	28.40	30.00	195.00	—	—	—	—	—	—
764	7	51.6%	15.08	13.80	17.00	200.00	67.10	69.90	60.00	39.5%	1	2
204	1	51.6%	12.41	12.00	15.40	210.00	—	—	—	—	—	—
63	1	50.7%	11.50	10.50	12.90	220.00	84.40	86.90	78.60	38.5%	—	750
589	2	50.2%	10.40	8.70	11.60	230.00	93.00	96.20	89.55	39.0%	1	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the WPM put/call ratio?

For the January 21, 2028 expiration, the WPM put/call ratio based on open interest is 1.14 (7,480 puts vs 6,535 calls), and 2.71 based on today's volume. A ratio above 1 means more puts than calls.

What is WPM's implied volatility?

At-the-money implied volatility for WPM options expiring January 21, 2028 is about 47.2%, an annualized estimate of how much the market expects Wheaton Precious Metals stock to move.

How many WPM option expiration dates are there?

WPM has 13 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.