Mixed options sentiment in Wal-Mart with shares up 3.25%

Mixed options sentiment in Wal-Mart (WMT), with shares up $4.12, or 3.25%, near $131.06. Options volume running well above average with 185k contracts traded and puts leading calls for a put/call ratio of 1.12, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 0.3 points near 33.08, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.73. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Wal-Mart (WMT) will report earnings before the open on 2026-02-19.Option markets are pricing in a 50% probability of a move greater than 4.1% or $5.38.