Walmart Options Fly Off the Shelves After Earnings

Options volume is running at eight times the intraday average

Deputy Editor
Feb 21, 2023 at 10:08 AM
facebook X logo linkedin

Blue-chip retailer Walmart Inc (NYSE:WMT) threw its hat into the earnings confessional this morning, reporting fourth-quarter earnings and revenue that beat Wall Street's estimates. However, the company's cautious outlook has the shares trading 0.8% lower this morning, last seen at $145.29.

Options traders are rushing WMT in response. So far today, 22,000 calls and 13,000 puts have already crossed the tape, which is eight times what is typically seen at this point. Most popular is the weekly 2/24 145-strike call, where new positions are being opened, followed by the 140-strike put in the same series. 

Digging deeper into the report, Walmart topped holiday-quarter expectations, thanks to budget-conscious shoppers' spending on food, gifts, and household items. Longer term, however, Walmart predicts same-store sales will fall well below analysts' forecasts, as consumer spend less on discretionary items.

The shares are today dipped back below $144 after five-straight sessions above the level. Walmart stock still sports marginal year-over-year and year-to-date leads.






Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI