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Tuesday, January 12, 2016

Walmart: Looking oversold and crap techs

I dont like a few things about Walmart, first of all this giant does not have good analyst numbers.

Second of all the charts are showing that it is nearing a top. So what I am going to do is put out an exploritory put that I am willing to double down on at a later date.

The stock is going to report in mid feb and the last time it reported there was a serious drop in the stock. In case it does the 2 week run up to the earnings date, I will place other puts as the stock continues to climb. I dont think things will go well after earnings, in fact, Im banking on it. Below is my in:

WMT Feb 2016 62.500 put (WMT160219P00062500)

 -OPR  
1.24 Up 0.04(3.33%) 1:51PM EST
Prev Close:1.20
Open:1.12
Bid:1.32
Ask:1.34
Strike:62.50
Expire Date:19-Feb-16
Day's Range:1.10 - 1.27
Contract Range:N/A - N/A
Volume:124
Open Interest:3,309

Tradinginsider

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