A whale with a lot of money to spend has taken a noticeably bearish stance on Walmart.
Looking at options history for Walmart WMT we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $463,962 and 6, calls, for a total amount of $344,997.
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 $140.0 to $230.0 for Walmart over the last 3 months.
Volume & Open Interest Development
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 $230.0 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 | PUT | SWEEP | NEUTRAL | 06/21/24 | $230.00 | $173.8K | 0 | 0 |
| WMT | CALL | SWEEP | BEARISH | 01/19/24 | $150.00 | $77.8K | 3.3K | 0 |
| WMT | PUT | SWEEP | BEARISH | 08/18/23 | $162.50 | $69.3K | 1.0K | 491 |
| WMT | CALL | SWEEP | NEUTRAL | 08/18/23 | $140.00 | $66.3K | 42 | 1 |
| WMT | CALL | SWEEP | BULLISH | 08/18/23 | $162.50 | $57.4K | 2.3K | 844 |
Where Is Walmart Standing Right Now?
- With a volume of 1,874,988, the price of WMT is up 0.87% at $161.66.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Walmart:
- Piper Sandler upgraded its action to Overweight with a price target of $210
- Jefferies has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $190.
- Credit Suisse has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $180.
- Oppenheimer has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $175.
- Telsey Advisory Group downgraded its action to Outperform with a price target of $168
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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