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Wheaton Precious Metals put volume heavy and directionally bearish

Bearish flow noted in Wheaton Precious Metals with 3,064 puts trading, or 3x expected. Most active are Sep-24 55 puts and Dec-24 50 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 3.32, while ATM IV is up over 1 point on the day. Earnings are expected on August 7th.

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