Investors with a lot of money to spend have taken a bullish stance on Walmart (NASDAQ:WMT).
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 26 uncommon options trades for Walmart.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 38%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $307,264, and 19 are calls, for a total amount of $1,256,032.
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 $55.0 to $170.0 for Walmart over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Walmart options trades today is 1784.67 with a total volume of 10,196.00.
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 $55.0 to $170.0 over the last 30 days.
Walmart Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | CALL | TRADE | BULLISH | 12/17/27 | $67.1 | $66.9 | $67.1 | $55.00 | $147.6K | 235 | 132 |
| WMT | CALL | TRADE | BULLISH | 12/17/27 | $67.1 | $66.2 | $67.1 | $55.00 | $147.6K | 235 | 78 |
| WMT | CALL | TRADE | BEARISH | 12/17/27 | $68.2 | $66.95 | $66.95 | $55.00 | $147.2K | 235 | 154 |
| WMT | CALL | TRADE | BEARISH | 12/17/27 | $68.2 | $66.95 | $66.95 | $55.00 | $147.2K | 235 | 88 |
| WMT | CALL | TRADE | BEARISH | 12/17/27 | $68.2 | $66.9 | $66.9 | $55.00 | $147.1K | 235 | 54 |
About Walmart
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
Following our analysis of the options activities associated with Walmart, we pivot to a closer look at the company's own performance.
Current Position of Walmart
- With a volume of 13,974,956, the price of WMT is down -1.05% at $118.11.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 28 days.
Expert Opinions on Walmart
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $127.0.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Walmart, which currently sits at a price target of $135.
- An analyst from Barclays persists with their Overweight rating on Walmart, maintaining a target price of $125.
- An analyst from BTIG has revised its rating downward to Buy, adjusting the price target to $125.
- Reflecting concerns, an analyst from CICC lowers its rating to Outperform with a new price target of $125.
- An analyst from Oppenheimer downgraded its action to Outperform with a price target of $125.
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.
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