Whale Investors Show Bullish Sentiment on Walmart (NYSE:WMT)

Deep-pocketed investors, often referred to as 'whales', have recently shown a strong preference for being bullish on Walmart.

An analysis of the trading activity on Walmart's options reveals that 10 significant trades have been monitored.

Detailed scrutiny indicates that among these investors, a majority of 60% exhibited a bullish outlook by initiating trades anticipated to profit from a rise in Walmart's stock, while the remaining 40% demonstrated a bearish sentiment.

Delving into the specifics, we found that 4 put options were executed, amounting to $275,525, while 6 call options totaled $754,440.

Price Target Insights

Reviewing trade volumes coupled with Open Interest, key market participants appear to target a price range between $51.67 and $70.00 for Walmart's stock, considering the past three months' data.

Options Activity Details

Traders often track volume and open interest to gauge options market sentiment for a particular strike price. In Walmart's case, these metrics tell us about the demand and trading intensity of options between the $51.67 to $70.00 strike price range over the last 30 days.

The largest options spotted in this period include a bullish trade on a call option expiring on January 17, 2025, at a strike price of $70 with a trade price of $252.0K, and bearish trades on call options with expiration dates ranging from June 21, 2024, to January 17, 2025, and strike prices from $51.67 to $53.33.

A Glance at Walmart's Current Standing

With the latest trading volume of 5,146,541, Walmart's stock price has slightly declined by -0.51%, landing it at $60.05. The Relative Strength Index (RSI) points towards a possibly overbought condition. Walmart's next earnings report is projected to be released in 69 days.

Analysts' Take on Walmart

In the past month, 5 analysts offered an average target price of $115.8 for Walmart. Ratings ranged from Buy to Overweight, with price targets spanning from $60.00 to $200.00.

Options trading presents high risks and potential for significant rewards. Experienced traders control these risks by continuously learning, making strategic adjustments, understanding various indicators, and keeping up with market trends. Staying informed about Walmart's latest options trades is crucial for traders aiming to make educated decisions in this volatile space.

Walmart, Bullish, Trading