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Bonawyn Eison Sees Unusual Options Activity In Walmart

On CNBC's "Options Action," Bonawyn Eison said calls outpaced puts 3 times to 1 in Walmart Inc (NYSE: WMT), on Monday.

· 11/17/2020 08:13

On CNBC's "Options Action," Bonawyn Eison said calls outpaced puts 3 times to 1 in Walmart Inc (NYSE:WMT), on Monday. The stock reports earnings on Tuesday before the market opens, and the options market is implying a move of 4% between now and Friday. The stock moves 1.1% on average on the event.

Eison noticed 15,000 contracts of the November $155 calls were traded for $2.20 during the session on Monday. The trade breaks even at $157.20 or around 3.1% above the current stock price.

Walmart reported quarterly earnings of $1.34 per share, which beat the analyst consensus estimate of $1.18. The company reported quarterly sales of $134.70 billion, which beat the analyst consensus estimate of $132.23 billion.