Market Whales and Their Recent Bets on WMT Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish sentiment on Walmart (WMT) through options trading, with a focus on a price range between $56.67 and $65.00. Analysis of 8 unusual trades revealed an equal split between puts and calls, indicating mixed market expectations. The largest trades include both bearish and bullish positions, with significant open interest in calls for January 2026. Walmart's current market position shows a slight price increase to $60.1, with an upcoming earnings announcement. Analysts, including Evercore ISI Group, maintain an Outperform rating with a target price of $66.
May 07, 2024 | 2:46 pm
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Walmart's options trading shows a bullish sentiment with a focus on a $56.67-$65.00 price range, amidst mixed market expectations. Analysts maintain an Outperform rating with a $66 target price.
The bullish sentiment from financial giants and the Outperform rating from analysts, combined with the upcoming earnings announcement, suggest a positive short-term impact on WMT's stock price. The detailed options trading analysis, showing a balanced view between puts and calls, indicates a cautious optimism among traders. The specific mention of a price target by analysts further supports the potential for price movement towards that target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100