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 31 extraordinary options activities for Walmart. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 29% leaning bullish and 45% bearish. Among these notable options, 9 are puts, totaling $483,505, and 22 are calls, amounting to $1,402,309.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $46.67 and $86.67 for Walmart, spanning the last three 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 $46.67 to $86.67 in the last 30 days.
Walmart Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | CALL | TRADE | BEARISH | 01/17/25 | $14.25 | $14.15 | $14.15 | $55.00 | $212.2K | 4.1K | 150 |
| WMT | CALL | SWEEP | BEARISH | 06/21/24 | $21.5 | $20.65 | $20.69 | $46.67 | $186.2K | 1.7K | 242 |
| WMT | CALL | TRADE | BULLISH | 06/07/24 | $3.45 | $3.3 | $3.4 | $64.00 | $170.6K | 2.4K | 974 |
| WMT | CALL | SWEEP | BULLISH | 06/07/24 | $3.45 | $3.4 | $3.4 | $64.00 | $140.0K | 2.4K | 434 |
| WMT | PUT | TRADE | BEARISH | 07/19/24 | $3.15 | $2.94 | $3.08 | $70.00 | $92.4K | 434 | 300 |
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 retailer 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
- With a trading volume of 7,860,746, the price of WMT is up by 0.44%, reaching $67.39.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 70 days from now.
Professional Analyst Ratings for Walmart
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $71.4.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Walmart, targeting a price of $75.
- An analyst from DA Davidson persists with their Buy rating on Walmart, maintaining a target price of $75.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Walmart with a target price of $64.
- An analyst from TD Cowen has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $75.
- An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $68.
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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