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Moderately bullish activity in Wal-Mart with shares up 1.25%

Moderately bullish activity in Wal-Mart (WMT), with shares up $1.56, or 1.25%, near $126.38. Options volume more than double the daily average with 179k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 1.0. Implied volatility (IV30) is higher by 0.1 points near 26.79,and above the 52wk median, suggesting an expected daily move of $2.13. Put-call skew flattened, suggesting a modestly bullish tone.

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