Bullish – WMT $101.91 – Consumer Staples
The idea presented is the opinion of the Options Action staff and not a recommendation by OptionsPlay.
On Friday’s Options Action, the crew analyzed the performance of Walmart stock. Walmart has significantly outperformed the market over the past year after underperforming for a decade. Coupled with stronger fundamentals and earnings next week, WMT looks set to outperform. Expecting WMT to trade higher, Michael Khouw suggests buying a July 100 Call for a $3.75 Debit. As of Friday’s close, these calls were trading at a $4.95 Debit.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: WMT Options Action Video
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