Walmart (WMT) – Bullish Options Action Trade for Nov 12th, 2018
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 (WMT). WMT has been outperforming the market and Consumer Staples sector over the past month of market selloffs. Coupled with a positive earnings announcement last quarter and a cup and handle formation, suggests another possible breakout on earnings this week. Expecting WMT to move higher during earnings, Michael Khouw suggests buying a Jan 105 Call for a $3.80 Debit. As of Friday’s close, this call was trading at a $4.20 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
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