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 9 uncommon options trades for Walmart.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $149,426, and 5 are calls, for a total amount of $133,165.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $65.0 for Walmart over the last 3 months.
Volume & Open Interest Trends
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 $55.0 to $65.0 in the last 30 days.
Walmart 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | PUT | SWEEP | BEARISH | 01/16/26 | $3.75 | $3.65 | $3.75 | $56.67 | $45.0K | 278 | 1 |
| WMT | PUT | SWEEP | BEARISH | 05/17/24 | $5.3 | $5.25 | $5.3 | $65.00 | $38.1K | 707 | 0 |
| WMT | PUT | TRADE | BEARISH | 05/24/24 | $1.29 | $1.21 | $1.26 | $59.00 | $34.0K | 3 | 0 |
| WMT | PUT | SWEEP | BEARISH | 05/17/24 | $5.2 | $5.15 | $5.2 | $65.00 | $32.2K | 707 | 133 |
| WMT | CALL | SWEEP | BULLISH | 06/21/24 | $4.25 | $4.2 | $4.25 | $56.67 | $28.0K | 9.1K | 35 |
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.
Present Market Standing of Walmart
- With a volume of 3,957,680, the price of WMT is down -0.03% at $59.84.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 38 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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