Walmart’s Unusual Options Activity for November 29 – Walmart (NYSE:WMT)

Anyone who has a lot of money to spend has taken a bearish stance walmart wmt,

And retail traders should know.

We noticed this today when large positions appeared on the publicly available options history that we track here at Benzinga.

Whether it is some institution or just a wealthy person, we do not know. But when something this big happens with WMT, it often means that someone knows something is about to happen.

So how do we know what this whale just did?

today, benzingaK Options Scanner spotted 21 unusual options trades for Walmart.

this is not normal.

The overall sentiment among these big money traders is split between 23% bullish and 76% bearish.

Of all the special options we have open, 10 are puts, for a total amount of $868,957, and 11 are calls, for a total amount of $630,412.

What is a price target?

Considering the volume and open interest on these contracts, it appears that whales are targeting a price range of $130.0 to $160.0 for Walmart over the past 3 months.

Volume and Open Interest Development

A practical way to do due diligence on a stock is by looking at the volume and open interest.

This data can help you track the liquidity and interest for Walmart’s options for a given strike price.

Below, we can see the evolution of call and put volume and open interest, respectively, within the strike price range of $130.0 to $160.0 for all of Walmart’s whale activity over the past 30 days.

Walmart Option Volume and Open Interest over the last 30 days

Largest options seen:









sign, symbol put/call business type Rate Exp. Date strike price net trade value open interest amount
wmt keep Business recession 01/20/23 $150.00 $465.0K 5.4K 1.5 thousand
wmt Call Do the sweeping fast 12/16/22 $130.00 $153.4K 2.5 thousand 160
wmt keep Do the sweeping fast 06/16/23 $155.00 $112.2K 342 270
wmt Call Business recession 12/09/22 $143.00 $99.4K 148 100
wmt Call Do the sweeping fast 06/16/23 $155.00 $83.0K 3.4K 381

Where does Walmart stand now?

  • With a volume of 2,814,336, the WMT price is down -0.36% at $152.95.
  • The RSI indicator is indicating that the underlying stock may be overbought.
  • The next earnings release is expected in 84 days.

What the experts say on Walmart:

  • Evercore ISI Group has decided to Maintain its in-line rating on Walmart, which currently has a price target of $140.
  • UBS has decided to maintain its Buy rating on Walmart, which currently has a price target of $170.
  • Cowen & Company has decided to maintain its Outperform rating on Walmart, currently with a price target of $175.
  • B of A Securities has decided to maintain its buy rating on Walmart, which currently sits at a price target of $165.
  • Truest Securities has decided to maintain its hold rating on Walmart, currently with a price target of $150.

Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping 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 Provides you with real-time options trade alerts.

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