20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bullish stance on Walmart.
Looking at options history for Walmart (NYSE:WMT) we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $372,120 and 30, calls, for a total amount of $1,910,603.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $172.5 for Walmart during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $140.0 to $172.5 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 | TRADE | BULLISH | 06/21/24 | $140.00 | $150.9K | 913 | 200 |
| WMT | CALL | SWEEP | BULLISH | 06/21/24 | $140.00 | $142.6K | 913 | 109 |
| WMT | CALL | TRADE | BULLISH | 06/21/24 | $140.00 | $138.3K | 913 | 185 |
| WMT | CALL | TRADE | BULLISH | 06/21/24 | $150.00 | $135.1K | 1.6K | 171 |
| WMT | PUT | TRADE | BEARISH | 03/22/24 | $165.00 | $131.0K | 21 | 506 |
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.
Following our analysis of the options activities associated with Walmart, we pivot to a closer look at the company's own performance.
Where Is Walmart Standing Right Now?
- With a volume of 2,532,010, the price of WMT is up 0.02% at $169.41.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 11 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walmart with Benzinga Pro for real-time alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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