Financial giants have made a conspicuous bullish move on Walmart. Our analysis of options history for Walmart WMT revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $277,775, and 4 were calls, valued at $135,194.
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 $56.67 and $65.0 for Walmart, spanning the last three months.
Insights into Volume & Open Interest
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 $56.67 to $65.0 in the last 30 days.
Walmart Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | PUT | SWEEP | BEARISH | 07/19/24 | $4.95 | $4.85 | $4.95 | $65.00 | $115.3K | 701 | 6 |
| WMT | PUT | SWEEP | BULLISH | 03/21/25 | $3.35 | $3.3 | $3.3 | $60.00 | $100.0K | 509 | 2 |
| WMT | CALL | TRADE | NEUTRAL | 01/16/26 | $6.0 | $5.9 | $5.95 | $65.00 | $52.9K | 4.1K | 96 |
| WMT | PUT | SWEEP | BEARISH | 03/21/25 | $3.3 | $3.25 | $3.3 | $60.00 | $33.0K | 509 | 302 |
| WMT | CALL | TRADE | BULLISH | 09/20/24 | $5.85 | $5.35 | $5.78 | $56.67 | $31.2K | 1.6K | 54 |
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
Present Market Standing of Walmart
- Trading volume stands at 3,214,663, with WMT's price up by 0.38%, positioned at $60.1.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 9 days.
Professional Analyst Ratings for Walmart
In the last month, 1 experts released ratings on this stock with an average target price of $66.0.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Walmart, targeting a price of $66.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
