Wal-Mart shares little changed post earnings, well below option-implied move. Shares off $0.74 near $96 this afternoon with option volume triple the daily average and 380k contracts on the tape, calls leading puts 3:2. Implied volatility (IV30) is down 8 points to 22.5. Heading into the number, straddle was priced near 4.60, or 4.8% of spot, which was in-line with the average move over the past two years.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- Walmart Wants to Appeal to All Types of Shoppers as AI Bots Join the Queue
- Dick’s to acquire Foot Locker, Walmart reports Q1 beat: Morning Buzz
- Unusually active option classes on open May 15th
- Looking for Exposure to Walmart Stock (WMT) Post Q1 Earnings? Try These Two ETFs
- Walmart Price Hikes Incoming as Tariffs Are ‘Still Too High’