Deep-pocketed investors have adopted a bearish approach towards Walmart WMT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WMT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Walmart. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 6 are puts, totaling $641,571, and 5 are calls, amounting to $217,148.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $73.33 for Walmart during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $50.0 to $73.33 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 | BULLISH | 04/12/24 | $61.00 | $441.8K | 3.7K | 3.4K |
| WMT | PUT | SWEEP | BULLISH | 03/28/24 | $73.33 | $68.2K | 0 | 55 |
| WMT | CALL | SWEEP | BEARISH | 07/19/24 | $65.00 | $56.7K | 1.8K | 1.6K |
| WMT | CALL | SWEEP | BEARISH | 05/17/24 | $56.67 | $49.4K | 4.7K | 165 |
| WMT | PUT | SWEEP | BULLISH | 06/20/25 | $50.00 | $45.3K | 1.5K | 352 |
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.
After a thorough review of the options trading surrounding Walmart, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Walmart
- Currently trading with a volume of 3,277,053, the WMT's price is down by 0.0%, now at $60.87.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 52 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.
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