Whales with a lot of money to spend have taken a noticeably bearish stance on Walmart.
Looking at options history for Walmart WMT we detected 30 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 21 are puts, for a total amount of $994,559 and 9, calls, for a total amount of $543,654.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $165.0 for Walmart during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Walmart stands at 2450.79, with a total volume reaching 15,458.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walmart, situated within the strike price corridor from $115.0 to $165.0, throughout 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 | SWEEP | BULLISH | 09/20/24 | $145.00 | $218.0K | 124 | 104 |
| WMT | CALL | SWEEP | BULLISH | 02/16/24 | $155.00 | $70.0K | 7.0K | 389 |
| WMT | PUT | SWEEP | BEARISH | 01/12/24 | $157.50 | $67.7K | 1.5K | 1.0K |
| WMT | CALL | SWEEP | NEUTRAL | 01/17/25 | $165.00 | $60.3K | 1.3K | 261 |
| WMT | PUT | TRADE | BULLISH | 03/15/24 | $165.00 | $57.0K | 3.7K | 1.3K |
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
- With a volume of 3,193,290, the price of WMT is up 0.35% at $159.85.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 48 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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