Whales with a lot of money to spend have taken a noticeably bearish stance on Walmart.
Looking at options history for Walmart WMT we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $298,733 and 4, calls, for a total amount of $262,487.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $56.67 to $70.0 for Walmart during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Walmart options trades today is 5117.0 with a total volume of 468.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Walmart's big money trades within a strike price range of $56.67 to $70.0 over the last 30 days.
Walmart 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | CALL | SWEEP | BEARISH | 01/17/25 | $6.7 | $6.6 | $6.6 | $65.00 | $132.0K | 6.7K | 1 |
| WMT | PUT | SWEEP | BEARISH | 08/16/24 | $2.74 | $2.72 | $2.74 | $70.00 | $108.2K | 1.0K | 84 |
| WMT | PUT | SWEEP | BULLISH | 09/20/24 | $1.45 | $1.43 | $1.43 | $66.67 | $68.9K | 4.8K | 34 |
| WMT | PUT | SWEEP | BEARISH | 09/20/24 | $2.87 | $2.73 | $2.87 | $70.00 | $57.4K | 2.3K | 3 |
| WMT | CALL | SWEEP | BULLISH | 12/20/24 | $9.05 | $8.95 | $9.05 | $61.67 | $50.6K | 3.4K | 0 |
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.
In light of the recent options history for Walmart, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Walmart Standing Right Now?
- Currently trading with a volume of 4,648,000, the WMT's price is down by -0.23%, now at $68.13.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 49 days.
Expert Opinions on Walmart
In the last month, 5 experts released ratings on this stock with an average target price of $76.2.
- An analyst from HSBC has decided to maintain their Buy rating on Walmart, which currently sits at a price target of $81.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Walmart, targeting a price of $77.
- An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $75.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Walmart, targeting a price of $73.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Walmart, which currently sits at a price target of $75.
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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