Deep-pocketed investors have adopted a bearish approach towards Walmart WMT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WMT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Walmart. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $238,618, and 6 are calls, amounting to $655,716.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $165.0 for Walmart over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Walmart options trades today is 2036.88 with a total volume of 2,490.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Walmart's big money trades within a strike price range of $150.0 to $165.0 over the last 30 days.
Walmart 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WMT | CALL | TRADE | BEARISH | 06/21/24 | $165.00 | $243.2K | 5.1K | 557 |
| WMT | PUT | SWEEP | BEARISH | 12/20/24 | $165.00 | $166.5K | 31 | 195 |
| WMT | CALL | TRADE | BULLISH | 09/20/24 | $165.00 | $132.0K | 285 | 145 |
| WMT | CALL | TRADE | BULLISH | 06/21/24 | $150.00 | $128.1K | 1.7K | 80 |
| WMT | CALL | SWEEP | BULLISH | 12/20/24 | $165.00 | $89.7K | 261 | 73 |
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.
Walmart's Current Market Status
- Currently trading with a volume of 3,105,497, the WMT's price is up by 0.02%, now at $161.1.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 33 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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