Check Out What Whales Are Doing With WMT
Portfolio Pulse from Benzinga Insights
Options trading activity for Walmart (NYSE:WMT) indicates a bullish sentiment among investors, with 56% of the trades being bullish and 43% bearish. The trading volume and open interest suggest that the market expects Walmart's stock to trade between $135.0 and $170.0. The largest options trades include bullish calls with expiration dates in 2024 and bearish puts expiring in 2024. Walmart is a leading retailer in the US, operating over 4,700 stores and generating over $420 billion in domestic sales. The stock price is slightly down with a current price of $162.22, and the RSI indicators suggest it may be approaching overbought territory. Walmart's next earnings report is expected in 28 days.
January 23, 2024 | 6:16 pm
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Bullish options trading activity suggests investor confidence in Walmart, with a focus on a $135-$170 trading range. The stock is currently down slightly, and RSI indicators suggest a potential overbought condition. Earnings are expected in 28 days, which could influence stock price.
The bullish options activity indicates that investors are generally optimistic about Walmart's future performance, which could lead to a short-term increase in stock price. However, the slight decrease in stock price and the RSI nearing overbought territory may temper the bullish sentiment. The upcoming earnings report is a significant event that could either validate the bullish sentiment or cause a reevaluation, depending on the results.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100