Walmart Bull + $85 Target
Walmart's earning reports are due within a week and they are coming up as close competitors to Amazon. They recently acquired Flipkart in a needy but brilliant move to try taking more control in the emerging e-commerce market. Given that they were positively skewed to the left and are now facing a negative correlation, it may not look good. However, the recent acquisition of Flipkart, the market share they already owned in the retail industry and the fact that many of their retail competitors are losing ground looks like positive market potential. However, some analyst could claim these as assumptions or informational bias in looking at the outcome of the data. That being said, given the recent trend-lines in price with medium risk, an $85 short call seems imminent and highly likely.
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