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.
Financial giants have made a conspicuous bullish move on Walmart. Our analysis of options history for Walmart (NYSE:WMT) revealed 18 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $64,590, and 16 were calls, valued at $921,584.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $160.0 for Walmart over the recent three months.
Insights into Volume & Open Interest
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 $125.0 to $160.0 in the last 30 days.
Walmart Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WMT | CALL | SWEEP | BULLISH | 06/21/24 | $160.00 | $277.4K | 1.8K | 404 |
| WMT | CALL | SWEEP | BULLISH | 03/15/24 | $160.00 | $85.6K | 5.9K | 388 |
| WMT | CALL | SWEEP | BEARISH | 03/15/24 | $160.00 | $63.0K | 5.9K | 1.0K |
| WMT | CALL | TRADE | BEARISH | 01/17/25 | $160.00 | $53.0K | 3.0K | 81 |
| WMT | CALL | TRADE | NEUTRAL | 12/15/23 | $150.00 | $43.8K | 937 | 121 |
About Walmart
Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,700 stores in the United States (5,300 including Sam's Club) and over 10,000 stores globally. Walmart generated over $420 billion in domestic namesake sales last year, with Sam's Club contributing another $84 billion to the firm's top line. Internationally, Walmart generated $100 billion in sales. The company serves around 240 million customers globally each week.
After a thorough review of the options trading surrounding Walmart, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Walmart's Current Market Status
- With a trading volume of 4,275,485, the price of WMT is up by 0.74%, reaching $155.44.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 77 days from now.
What The Experts Say On Walmart
In the last month, 5 experts released ratings on this stock with an average target price of $172.0.
- An analyst from BMO Capital has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $175.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $168.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Walmart, targeting a price of $177.
- An analyst from Stifel has decided to maintain their Hold rating on Walmart, which currently sits at a price target of $171.
- Consistent in their evaluation, an analyst from Stifel keeps a Hold rating on Walmart with a target price of $169.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walmart options trades with real-time alerts from Benzinga Pro.
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.
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