Moderately bullish activity in Wal-Mart (WMT), with shares up $3.82, or 3.34%, near $118.35. Options volume more than double the daily average with 154k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 1.2 points near 22.87,and below the 52wk median, suggesting an expected daily move of $1.70. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Hold at Deutsche Bank.
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