WMT Options Signal Bullish Momentum: Key Strikes and Trade Setups for Dec 5 Expiry

• WMT trades at $114.46, up 0.04% with volume surging to 13.5M shares
• Options data shows heavy call open interest at $115-$118 strikes, while puts dominate at $112-$106
• Q3 earnings beat, CEO transition, and Nasdaq move fuel investor optimism

The options market is whispering a clear message: WMT’s bulls are gathering steam. With calls and puts locked in a tight battle (put/call OI ratio at 0.92) and technicals pointing higher, today’s $114.46 price tag feels like a setup for a breakout. Let’s break down why this $114.46 level could be your starting line for a trade.Bullish Sentiment in the Striking Zone

If you’ve been watching options flows, you’ve noticed the call-heavy action at the $115 and $117 strikes. For Friday’s expiry, 1,990 contracts at $115 (WMT20251205C115) and 2,982 at $117 (WMT20251205C117) show big money betting on a push above current levels. But don’t ignore the puts—$112 (WMT20251205P112) has 3,908 open contracts, hinting at a safety net if the rally stumbles. The 0.92 put/call ratio isn’t screamingly bearish, but it does mean bears aren’t cowering. Think of it as a tug-of-war where bulls have a slight edge.

News That Fuels the Fire

Walmart’s Q3 beat—$179.5B revenue, 27% e-commerce growth—has traders salivating. The CEO transition? Less of a shock than a calculated handoff. John Furner’s retail pedigree (he ran Walmart U.S. before) keeps the ship steady. And that Nasdaq move? It’s not just a ticker change—it’s a signal that Walmart’s tech-driven retail strategy is paying off. Combine this with Black Friday e-commerce surging to $11.8B, and you’ve got a recipe for sustained momentum. The question isn’t if the stock can go higher—it’s how fast.

Trade Ideas: Calls, Puts, and Precision Entries

For the aggressive: Buy WMT20251205C115 calls. With the stock trading at $114.46, this $115 strike gives you a 0.54% buffer to break even. If WMT holds above its 30D MA ($104.8) and clears $115 by Friday, these calls could run. For the cautious: Protect with WMT20251205P112 puts. If the stock dips toward its 200D MA ($98.09), these puts give you a floor. For next Friday’s expiry, eye WMT20251212C115 calls as a longer-term play—Walmart’s 16.3% premium over its 200D MA suggests the trend isn’t dying soon.

Volatility on the Horizon

Walmart’s options activity and fundamentals are painting a picture of controlled aggression. The bulls have the edge, but the puts at $112 and $106 act as guardrails. If WMT can stay above $113.16 (today’s intraday low) and close above $115 by Friday, the 200D MA becomes a distant memory. This isn’t a gamble—it’s a calculated play on a company that’s turning its 52-year dividend streak into a 21st-century tech story. Keep your eyes on $115 as the make-or-break level. If it holds, the next stop might just be $120.