Check Out What Whales Are Doing With WMT

Investors with a lot of money to spend have taken a bullish stance on Walmart 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 10 uncommon options trades for Walmart.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $184,361, and 7 are calls, for a total amount of $301,801.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $51.67 and $63.33 for Walmart, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Walmart stands at 3633.3, with a total volume reaching 3,066.00. 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 $51.67 to $63.33, throughout the last 30 days.

Walmart Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 stores globally. Walmart generated over $440 billion in domestic namesake sales in fiscal 2024, with Sam's Club contributing another $86 billion to the firm's top line. Internationally, Walmart generated $115 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

Where Is Walmart Standing Right Now?

• With a volume of 2,919,870, the price of WMT is down -0.16% at $60.77.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 58 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 $117.534.

• An analyst from Keybanc persists with their Overweight rating on Walmart, maintaining a target price of $190.
• An analyst from RBC Capital has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $189.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Walmart with a target price of $66.
• An analyst from Tigress Financial has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $75.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Walmart with a target price of $67.

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.