Walmart Options Trading Explodes Ahead of Warning

Bullish Studio

The most active option that was traded in Walmart was the July 29th, this Friday expiration, 130 puts.    13,300 of them traded, a lot of them in the last hour of the day.   This was a very unusual announcement for Walmart

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00:00 Somebody got tipped off to this, Mel.

00:01 The most active option that was traded today in Walmart was the July 29th, this Friday,

00:06 expiration 130 puts.

00:08 13,300 of them traded, a lot of them in the last hour of the day.

00:13 Wow.

00:14 And there was only 348 open interest, and that's about $900,000 in premium.

00:20 If the stock were to open here tomorrow, you could see what the sort of gains would be.

00:24 So I'm not a fan of unusual activity.

00:26 I don't think that's a thing.

00:27 I do think it's a thing, though, when people have a tip and they're trading off of it in

00:31 the last hour of the day before a very unusual announcement, as you just detailed, Mel.

00:36 This is not a common event for Walmart.

00:38 So there's going to be more to talk about as it relates to that options purchase.

00:43 That is interesting because, yeah, as you said, you do not like unusual activity as

00:48 any sort of indicator, but that much in the last hour, that is eyebrow raising.

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