This Is What Whales Are Betting On Walmart
Portfolio Pulse from Benzinga Insights
A large bearish position on Walmart (NYSE:WMT) has been spotted, with 13 uncommon options trades identified. The sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range of $105 to $170 for Walmart over the last 3 months.
June 20, 2023 | 7:32 pm
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A large bearish position has been spotted on Walmart, with 13 uncommon options trades identified. The sentiment of these big-money traders is split between 46% bullish and 53% bearish.
The large bearish position on Walmart indicates that big-money traders are expecting the stock price to go down in the short term. This could be due to various factors such as market sentiment, upcoming earnings, or other news. The fact that the sentiment is split between bullish and bearish traders suggests that there is uncertainty in the market, which could lead to increased volatility and potential downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100