WMT Walmart Options Ahead of Earnings for NYSE:WMT by TopgOptions

WMT Walmart Options Ahead of Earnings

If you haven`t bought the dip on WMT:

Then analyzing the options chain and the chart patterns of WMT Walmart prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-5-24,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached

WMT traded at $64.88 after earnings, and the calls went up from $1.73 (when I wrote this article) to $5.00 at the close on friday (even higher intraday), for a decent 2.89X gain!

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