Deep-pocketed investors have taken a pessimistic stance on Walmart WMTand that’s something market participants shouldn’t ignore. Our monitoring of public options records at Benzinga revealed this significant move today. The identities of these investors remain unknown, but such a significant move in WMT usually indicates something big is about to happen.

We gleaned this information from our observations today, when Benzinga’s Options Scanner highlighted 41 exceptional options activity for Walmart. This level of activity is unusual.

The general sentiment among these heavyweight investors is divided, with 36% leaning optimistic and 53% pessimistic. Among these notable options are 28 puts totaling $1,740,332 and 13 calls totaling $622,758.

Projected price targets

When analyzing the volume and open interest in these contracts, it appears that major players were targeting a price window of $51.67 to $75.00 for Walmart last quarter.

Volume and open interest development

In terms of liquidity and interest, the average open interest for Walmart options trades today is 5135.04 with a total volume of 37,769.00.

In the chart below, we can track the evolution of volume and open interest of call and put options for Walmart’s big money deals within a strike price range of $51.67 to $75.0 over the last 30 days.

Walmart Options Activity Analysis: Last 30 Days

Significant options trades identified:

About Walmart

Walmart is the leading retailer in the United States. Its strategy is based on highest operational efficiency and on offering consumers the lowest-priced goods to drive store traffic and product sales. Walmart complemented its low-price strategy by offering a convenient one-stop shopping destination with the opening of its first Supercenter in 1988. Today, Walmart operates over 4,600 stores in the United States (5,200, including Sam’s Club) and over 10,000 stores worldwide. Walmart generated over $440 billion in domestic revenue in fiscal year 2024, with Sam’s Club contributing an additional $86 billion to the company’s revenue. Internationally, Walmart generated $115 billion in revenue. The retailer serves approximately 240 million customers worldwide each week.

Current position of Walmart

• With a trading volume of 11,841,307, the price of WMT increased by 1.38% to reach $68.89.
• Current RSI readings indicate that the stock is currently neutral between overbought and oversold.
• The next results report is scheduled for in 3 days.

Expert opinions on Walmart

In the past month, five industry analysts have shared their insights on this stock, suggesting an average price target of $79.4.

• A Wells Fargo analyst maintains his stance and continues to rate Walmart as “overweight” and targets a price of $75.
• An analyst at Keybanc has decided to maintain his “Overweight” rating on Walmart, which currently stands at a price target of $82.
• An analyst at BMO Capital remains true to his assessment and continues to give Walmart an “outperform” rating with a price target of $80.
• An analyst at Evercore ISI Group maintains his outperform rating for Walmart and maintains a price target of $74.
• An analyst at Tigress Financial maintains his stance and continues to recommend Walmart as a “buy” with a target price of $86.

Options trading involves higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market moves. Stay on top of the latest Walmart options trades with real-time alerts from Benzinga Pro.