Mixed options sentiment in Wal-Mart with shares down 2.58%

Mixed options sentiment in Wal-Mart (WMT), with shares down $3.37 near $127.06. Options volume roughly in line with average with 85k contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 1.7 points near 32.27, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.58. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Wal-Mart (WMT) will report earnings before the open on 2026-05-21.Option markets are pricing in a 50% probability of a move greater than 5.89% or $7.48.