Smart Money Is Betting Big In WMT Options

Author: Benzinga Insights | May 13, 2024 12:15pm

Whales with a lot of money to spend have taken a noticeably bullish stance on Walmart.

Looking at options history for Walmart (NYSE:WMT) we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $263,878 and 5, calls, for a total amount of $259,541.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $53.33 to $66.0 for Walmart over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Walmart options trades today is 5244.71 with a total volume of 11,076.00.

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 $53.33 to $66.0 over the last 30 days.

Walmart Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
WMT	PUT	SWEEP	BULLISH	09/20/24	$0.97	$0.95	$0.95	$56.67	$174.1K	2.6K	1.8K
WMT	CALL	SWEEP	BEARISH	05/17/24	$1.29	$1.24	$1.24	$61.00	$124.9K	7.0K	1.0K
WMT	CALL	SWEEP	BEARISH	06/21/24	$8.1	$8.0	$8.0	$53.33	$38.4K	10.2K	57
WMT	PUT	SWEEP	BULLISH	09/20/24	$1.94	$1.92	$1.92	$60.00	$36.2K	5.9K	203
WMT	CALL	TRADE	BULLISH	06/21/24	$2.4	$2.39	$2.4	$60.00	$35.7K	10.0K	883

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.

Where Is Walmart Standing Right Now?

• With a trading volume of 7,793,271, the price of WMT is up by 0.79%, reaching $60.96.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 3 days from now.

Professional Analyst Ratings for Walmart

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $67.66666666666667.

• Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Walmart with a target price of $68.
• Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Walmart, targeting a price of $69.
• An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Walmart, which currently sits at a price target 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.

Posted In: WMT