Walmart Stock Could Nab More Record Highs
Subscribers to Schaeffer's Weekend Trader options recommendation service received this WMT commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why is one of our most popular options trading services.
WMT’s 20-day buy-to-open put/call volume ratio just moved above 1.0 and near two-year highs. Extremes of this ratio generally precede bullish price action. Short interest, meanwhile, is up 200% since October and near all-time highs, even as the stock nabs records left and right.
Our May call has a leverage ratio of 8.4 and will double on a 11.4% rise in the underlying equity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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