Whales with a lot of money to spend have taken a noticeably bullish stance on Walmart.
Looking at options history for Walmart WMT we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $385,056 and 3, calls, for a total amount of $89,915.
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 $75.0 and $80.0 for Walmart, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walmart's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walmart's significant trades, within a strike price range of $75.0 to $80.0, over the past month.
Walmart Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | PUT | TRADE | BULLISH | 01/16/26 | $7.95 | $7.6 | $7.6 | $80.00 | $71.4K | 158 | 94 |
| WMT | PUT | SWEEP | BEARISH | 11/15/24 | $4.15 | $4.05 | $4.15 | $80.00 | $51.0K | 1.6K | 854 |
| WMT | PUT | SWEEP | BULLISH | 11/15/24 | $4.05 | $3.95 | $3.95 | $80.00 | $48.2K | 1.6K | 976 |
| WMT | PUT | SWEEP | NEUTRAL | 11/15/24 | $4.1 | $4.0 | $4.05 | $80.00 | $40.5K | 1.6K | 538 |
| WMT | PUT | TRADE | BULLISH | 11/15/24 | $4.15 | $4.0 | $4.05 | $80.00 | $40.5K | 1.6K | 338 |
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 company's top line. Internationally, Walmart generated $115 billion in sales. The retailer serves around 240 million customers globally each week.
Following our analysis of the options activities associated with Walmart, we pivot to a closer look at the company's own performance.
Where Is Walmart Standing Right Now?
- Currently trading with a volume of 4,149,141, the WMT's price is down by -0.82%, now at $76.61.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 70 days.
Expert Opinions on Walmart
5 market experts have recently issued ratings for this stock, with a consensus target price of $79.2.
- An analyst from JP Morgan persists with their Overweight rating on Walmart, maintaining a target price of $83.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Walmart with a target price of $82.
- An analyst from Goldman Sachs persists with their Buy rating on Walmart, maintaining a target price of $81.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Walmart with a target price of $75.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Walmart, targeting a price of $75.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walmart with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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