A large investor has recently taken a bearish position on Walmart WMT, and retail traders should take note.
This position was discovered through an options scanner available to the public through Benzinga, which examines options trades that are uncommon. Usually, a big move like this implies that somebody knows something important and is basing their investment decisions on it.
Currently, the big money traders are split between being 70% bearish and 30% bullish on the future of Walmart. The options trades uncovered included four puts for a total of $279,250 and six calls for a total of $184,652.
What’s The Price Target?
Based on the volume and open interest of the uncovered contracts, the price range that whales have been targeting for Walmart over the past three months is between $140.0 to $230.0.
Volume & Open Interest Development
The combined mean open interest for Walmart’s options trades today stands at 3632.0, with 11,845.00 as the total volume.
The chart below shows the volume and open interest of call and put options for Walmart trades within the $140.0 to $230.0 strike price range during the last 30 days.
Walmart Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WMT | PUT | SWEEP | BULLISH | 09/15/23 | $145.00 | $85.8K | 7.4K | 24 |
| WMT | PUT | TRADE | BEARISH | 01/17/25 | $230.00 | $83.4K | 10 | 10 |
| WMT | PUT | SWEEP | NEUTRAL | 09/15/23 | $150.00 | $65.0K | 7.3K | 156 |
| WMT | PUT | SWEEP | BULLISH | 09/15/23 | $140.00 | $45.0K | 5.9K | 7 |
| WMT | CALL | SWEEP | NEUTRAL | 06/09/23 | $149.00 | $34.3K | 248 | 5.9K |
Where Is Walmart Standing Right Now?
- Walmart’s current trading volume is 3,207,646 shares, with its shares up 0.42% at $147.48.
- The RSI indicators suggest that Walmart’s current stock is neutral, between oversold and overbought.
- Walmart is expected to post its earnings in 77 days.
What The Experts Say On Walmart:
- RBC Capital maintains its Outperform rating on Walmart, which has a current price target of $164.
- UBS maintains its Buy rating on Walmart, which has a current price target of $173.
- JP Morgan maintains its Neutral rating on Walmart, which has a current price target of $155.
- Telsey Advisory Group maintains its Outperform rating on Walmart, which has a current price target of $168.
- B of A Securities maintains its Buy rating on Walmart, which has a current price target of $175.
While options are riskier than trading the stock, they can offer greater profit potential. Traders who want to manage this risk should educate themselves daily, follow more than one indicator, scale in and out of trades, and closely follow the markets.
To stay updated on the latest Walmart options trades, use Benzinga Pro, which provides real-time alerts for options trading.
