Unpacking the Latest Options Trading Trends in Walmart
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish stance on Walmart (NYSE:WMT) by significant investors, with a split sentiment of 38% bullish and 61% bearish. Uncommon options trades were spotted, including 6 puts and 7 calls, aiming for a price range of $50.0 to $86.67. Noteworthy options activity highlighted specific trades with varying sentiments. Walmart, a leading retailer in the US, is currently trading at $58.63, with a volume of 9,319,809. Market experts have issued ratings with a consensus target price of $137.2, suggesting a positive outlook despite the bearish options sentiment.
March 01, 2024 | 7:02 pm
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Significant bearish options trading activity on Walmart, with a price target range of $50.0 to $86.67. Current trading price is $58.63, with market experts having a much higher consensus target price of $137.2.
The bearish sentiment from significant investors through options trading suggests a potential short-term downside. However, the discrepancy between this sentiment and the much higher consensus target price from market experts indicates uncertainty. The current trading price is close to the lower end of the targeted price range, which may influence short-term investor behavior.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100