October 25, 2023 3:45 p.m. | 2 minute read
“The best report Benzinga has ever produced”
Huge returns are possible within this market! For a limited time, you can access Benzinga Insider Reports normally priced at $47 per month for just $0.99. Discover the most undervalued stocks before their prices skyrocket! Time is running out! Act now and secure your future wealth with this incredible discount! Claim your $0.99 offer now!
Whales with lots of money to spend are taking a significantly bearish stance on walmart.
Looking at Walmart (NYSE:WMT)’s options history, we found 18 strange trades.
Enter to win $500 in stocks or crypto
Enter your email address to get Benzinga’s Ultimate Morning Update, a free $30 gift card, and more.
Considering the details of each trade, it is accurate to say that 44% of investors entered the trade with bullish expectations and 55% entered the trade with bearish expectations.
The total spot trades included 7 puts totaling $533,659 and 11 calls totaling $753,782.
What is the target price?
Considering the volume and open interest on these contracts, Whale appears to have been targeting a price range of $135.0 to $210.0 for Walmart over the past three months.
Trends in trading volume and open interest
From a liquidity and interest rate perspective, the average open interest for Walmart options trades today is 3,191.08 and total volume is 5,476.00.
The following graph allows you to track the volume and open interest of Walmart’s large call and put options within the $135.0 to $210.0 strike price range over the past 30 days.
secure your financial future
Hidden gems are waiting to be found at this market! Don’t miss the Benzinga Insider Report. Normally $47 per month, now only $0.99. Discover incredibly undervalued stocks before they skyrocket! Limited time offer! Ensure your financial success with this unparalleled discount! Get your 0.99 offer now!
Walmart options volume and open interest for the past 30 days.
Biggest options found:
symbol | put/call | transaction type | emotion | Experience date | strike price | Total transaction price | Open interest | Volume |
---|---|---|---|---|---|---|---|---|
WMT | phone | sweep | strong | 11/17/23 | $165.00 | 227.8 thousand dollars | 8.2K | 261 |
WMT | put | sweep | strong | 11/17/23 | $160.00 | 118.3 thousand dollars | 4.6K | 1.7K |
WMT | put | sweep | bearish | 11/17/23 | $160.00 | 118.3 thousand dollars | 4.6K | 1.2K |
WMT | phone | sweep | strong | 01/17/25 | $180.00 | 107.6 thousand dollars | 886 | 299 |
WMT | phone | sweep | neutral | 11/10/23 | $165.00 | $94.6,000 | 1.5K | 0 |
Where does Walmart stand now?
- On volume of 3,238,244, WMT price is up 0.15% at $163.5.
- The RSI indicator suggests that the underlying stock may be approaching overbought status.
- The next financial results are expected to be announced within the 22nd.
What experts say about Walmart:
- Piper Sandler downgraded the stock to overweight with a price target of $210.
- Tigress Financial has decided to maintain a “buy” rating on Walmart, and the price target is currently set at $196.
- Stifel has decided to maintain a Hold rating on Walmart, with the price target currently set at $169.
Options are a riskier asset than just trading stocks, but they offer higher profit potential. Serious options traders manage this risk by educating themselves every day, scaling their trades in and out, following multiple indicators, and closely monitoring the market.
If you want to stay up to date on the latest options trades from Walmart, Benzinga Pro provides real-time options trade alerts.
“The best report Benzinga has ever produced”
Huge returns are possible within this market! For a limited time, you can access Benzinga Insider Reports normally priced at $47 per month for just $0.99. Discover the most undervalued stocks before their prices skyrocket! Time is running out! Act now and secure your future wealth with this incredible discount! Claim your $0.99 offer now!
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.