Bearish – WMT $107.28 – 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 Target earnings. Target is currently trading at a substantial discount to Walmart within a range of $70 to $90. Coupled with strong retail economic numbers, Target may beat earnings expectations. Expecting TGT to trade higher, Michael Khouw suggests buying an Oct 85/92/5 Call Vertical for $2.50 Debit. As of Friday’s close, these calls were trading at a $2.48 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: TGT OptionsAction Video
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