Benzinga | Oct 1, 2021 12:53PM EDT

What Are The Investors Doing With Walmart

Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bearish stance on (Walmart: WMT).

And retail traders should know.

Looking at options activity for Walmart (NYSE:WMT) we detected 9 unusual trades. If we consider the specifics of each trade, it is accurate to state that 44.44% of the investors opened trades with bullish expectations and 55.56% with bearish. From the overall spotted trades, 4 are puts, for a total amount of $681,489 and 5, calls, for a total amount of $255,709.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $137.0 to $143.0 for Walmart in the over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Walmart's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Walmart's smart money trades within a strike price range from $137.0 to $143.0 in the last 30 days.

Walmart Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestWMT PUT TRADE BEARISH 10/01/ $139.00 $503.1K 3.2K 3.1K 21WMT PUT SWEEP BEARISH 10/01/ $139.00 $41.8K 3.2K 3.4K 21WMT CALL TRADE BEARISH 10/15/ $143.00 $54.7K 1.1K 3.0K 21WMT PUT SWEEP BEARISH 10/01/ $139.00 $53.9K 3.2K 813 21WMT PUT SWEEP BEARISH 10/01/ $139.00 $82.6K 3.2K 551 21

Where Is Walmart Standing Right Now?

* With a volume of 5,286,954, the price of WMT is up -1.56% over the last 24 hours at $137.2.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 46 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.