Walmart Stock Could Nab More Record Highs

Shares are poised to bounce off a bullish trendline

Mar 13, 2026 at 12:25 PM

Subscribers to Schaeffer's Weekend Trader options recommendation service received this WMT commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Walmart (NASDAQ:WMT) has pulled back to its 50-day moving average, a trendline that has historically yielded a 6% return and 61%-win rate over the last 10 years. The shares have worked off their overbought condition from February and are flashing bullish options signals to boot.

WMT’s 20-day buy-to-open put/call volume ratio just moved above 1.0 and near two-year highs. Extremes of this ratio generally precede bullish price action. Short interest, meanwhile, is up 200% since October and near all-time highs, even as the stock nabs records left and right.

Our May call has a leverage ratio of 8.4 and will double on a 11.4% rise in the underlying equity.

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