Decoding Walmart's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on Walmart. Our analysis of options history for Walmart (NASDAQ:WMT) revealed 8 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $182,095, and 3 were calls, valued at $138,670.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $87.5 to $150.0 for Walmart during the past quarter.

Volume & Open Interest Development

In today’s trading context, the average open interest for options of Walmart stands at 2600.5, with a total volume reaching 932.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walmart, situated within the strike price corridor from $87.5 to $150.0, throughout the last 30 days.

Walmart 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
WMT	CALL	SWEEP	NEUTRAL	02/20/26	$5.95	$5.45	$5.64	$115.00	$56.1K	7.3K	103
WMT	PUT	TRADE	BEARISH	01/21/28	$17.45	$16.65	$17.45	$125.00	$52.3K	33	30
WMT	CALL	SWEEP	BEARISH	01/21/28	$8.65	$8.45	$8.45	$150.00	$45.6K	2.2K	0
WMT	PUT	TRADE	BEARISH	04/17/26	$2.77	$2.26	$2.7	$110.00	$40.5K	672	150
WMT	CALL	TRADE	BULLISH	06/17/27	$36.9	$36.0	$36.9	$87.50	$36.9K	50	10

About Walmart

Since its founding in 1962, Walmart has become the world’s largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam’s Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam’s Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart’s operations are concentrated in Mexico, though it also has budding exposure to India.

Having examined the options trading patterns of Walmart, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Walmart

• Trading volume stands at 3,318,126, with WMT’s price up by 0.54%, positioned at $117.88.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 24 days.

What Analysts Are Saying About Walmart

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $129.8.

• An analyst from Tigress Financial persists with their Buy rating on Walmart, maintaining a target price of $135.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Walmart with a target price of $135.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Walmart, targeting a price of $125.
• In a cautious move, an analyst from BTIG downgraded its rating to Buy, setting a price target of $125.
• Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Walmart with a target price of $129.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.