Investors with a lot of money to spend have taken a bearish stance on Walmart WMT.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WMT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Walmart.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $37,670, and 7, calls, for a total amount of $224,649.
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 $150.0 to $165.0 for Walmart over the last 3 months.
Volume & Open Interest Trends
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 $150.0 to $165.0 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 | TRADE | BULLISH | 12/20/24 | $150.00 | $50.0K | 223 | 51 |
| WMT | CALL | TRADE | BEARISH | 12/20/24 | $150.00 | $38.1K | 223 | 16 |
| WMT | PUT | SWEEP | BEARISH | 07/19/24 | $155.00 | $37.6K | 10 | 134 |
| WMT | CALL | TRADE | NEUTRAL | 12/20/24 | $150.00 | $33.3K | 223 | 30 |
| WMT | CALL | TRADE | BULLISH | 02/09/24 | $165.00 | $26.4K | 1.3K | 1.0K |
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.
Having examined the options trading patterns of Walmart, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Walmart's Current Market Status
- Currently trading with a volume of 1,658,089, the WMT's price is down by -0.15%, now at $164.03.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 22 days.
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.
© 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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