Scott Nations Wants To Protect His Long Position In Wal-Mart Stores (WMT)

Scott Nations said on CNBC's Fast Money that he is watching Wal-Mart Stores, Inc. WMT. He is concerned about the selling pressure in the stocks that are involved in shampoo and detergent selling. These stocks were hurt by The Procter & Gamble Company's PG disappointing results. Wal-Mart Stores, Inc. WMT will post earnings on August 17th, and Scott Nations wants to protect his long position in this stock. WMT options are very cheap currently, and Scott Nations recommends investors to buy the August 50 put for $0.50. Wal-Mart Stores, Inc. (WMT) fell 0.23% today, and closed at $51.29.