27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Walmart.
Looking at options history for Walmart (NYSE:WMT) we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $215,078 and 8, calls, for a total amount of $401,336.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $170.0 for Walmart over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Walmart'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 Walmart's whale activity within a strike price range from $105.0 to $170.0 in the last 30 days.
Walmart Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WMT | CALL | SWEEP | BULLISH | 06/16/23 | $155.00 | $202.1K | 12.0K | 1.0K |
| WMT | PUT | SWEEP | BEARISH | 06/16/23 | $145.00 | $53.7K | 7.9K | 864 |
| WMT | PUT | SWEEP | BULLISH | 06/02/23 | $148.00 | $52.0K | 253 | 224 |
| WMT | CALL | TRADE | BEARISH | 05/26/23 | $135.00 | $30.9K | 0 | 20 |
| WMT | CALL | SWEEP | BULLISH | 06/21/24 | $105.00 | $30.1K | 6 | 6 |
Where Is Walmart Standing Right Now?
- With a volume of 1,186,516, the price of WMT is down -1.13% at $149.88.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 16 days.
What The Experts Say On Walmart:
- Telsey Advisory Group downgraded its action to Outperform with a price target of $160
- Wells Fargo has decided to maintain their Overweight rating on Walmart, which currently sits at a price target of $170.
- Oppenheimer has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $165.
- Gordon Haskett upgraded its action to Buy with a price target of $165
- Stephens & Co. downgraded its action to Overweight with a price target of $170
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Walmart, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!