Benzinga's options scanner has just identified more than 8 option transactions on Walmart WMT, with a cumulative value of $319,203. Concurrently, our algorithms picked up 3 puts, worth a total of 142,850.
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 $140.0 and $160.0 for Walmart, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Walmart stands at 3068.6, with a total volume reaching 6,917.00. 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 $140.0 to $160.0, throughout the last 30 days.
Walmart Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WMT | PUT | SWEEP | BULLISH | 01/12/24 | $157.50 | $77.2K | 6.6K | 790 |
| WMT | CALL | TRADE | BULLISH | 01/17/25 | $140.00 | $51.9K | 442 | 19 |
| WMT | CALL | SWEEP | BULLISH | 01/12/24 | $160.00 | $42.0K | 4.8K | 3.7K |
| WMT | PUT | TRADE | BULLISH | 01/19/24 | $157.50 | $39.6K | 2.8K | 346 |
| WMT | CALL | SWEEP | BULLISH | 02/09/24 | $160.00 | $30.8K | 605 | 216 |
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 4,700 stores in the United States (5,300 including Sam's Club) and over 10,000 stores globally. Walmart generated over $420 billion in domestic namesake sales last year, with Sam's Club contributing another $84 billion to the firm's top line. Internationally, Walmart generated $100 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
- With a volume of 2,142,207, the price of WMT is down -0.36% at $157.68.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 42 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.
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