The most active option that was traded in Walmart was the July 29th, this Friday expiration, 130 puts.
13,300 of them traded, a lot of them in the last hour of the day.
This was a very unusual announcement for Walmart
13,300 of them traded, a lot of them in the last hour of the day.
This was a very unusual announcement for Walmart
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NewsTranscript
00:00 Somebody got tipped off to this, Mel.
00:01 The most active option that was traded today in Walmart was the July 29th, this Friday,
00:06 expiration 130 puts.
00:08 13,300 of them traded, a lot of them in the last hour of the day.
00:13 Wow.
00:14 And there was only 348 open interest, and that's about $900,000 in premium.
00:20 If the stock were to open here tomorrow, you could see what the sort of gains would be.
00:24 So I'm not a fan of unusual activity.
00:26 I don't think that's a thing.
00:27 I do think it's a thing, though, when people have a tip and they're trading off of it in
00:31 the last hour of the day before a very unusual announcement, as you just detailed, Mel.
00:36 This is not a common event for Walmart.
00:38 So there's going to be more to talk about as it relates to that options purchase.
00:43 That is interesting because, yeah, as you said, you do not like unusual activity as
00:48 any sort of indicator, but that much in the last hour, that is eyebrow raising.