WMT Options Signal Bullish Breakout Potential: Target $132 Calls as Trillion-Dollar Retailer Gains Momentum

• Walmart (WMT) surges 2.58% to $130.21, breaking above key Bollinger Bands resistance
• Options data shows 1,204 open interest in $132 calls this Friday, 1,660 next Friday
• Put/call ratio at 1.07 suggests cautious optimism, with $113 puts as major downside guardrail

Here's what you need to know: This $130.21 price tag isn't just a number - it's a signal. With WMT trading 2.58% higher and breaking through its 30-day moving average, the technicals and options market are painting a clear picture: institutional money is positioning for a breakout above $130. The real question isn't if this move will happen, but how far it might go.

Bullish OI Clusters and the Quiet Put Hedge

Let's start with the options chain. This Friday's $132 call options (WMT20260206C132) have 1,204 open contracts - the highest of any strike - while next Friday's $135 calls (WMT20260213C135) show 666 open interest. That's not random noise; it's a coordinated bet that WMT will test those levels. The histogram on MACD (currently at 2.76) confirms momentum is accelerating.

But don't ignore the puts. The $113 strike has 6,063 open puts this Friday, and next week's $117 puts (WMT20260213P117) jump to 7,336. This creates a natural floor: if WMT dips below $127.05 (today's low), those puts could trigger a rebound. The 1.07 put/call ratio isn't screaming bearish, though - it's more like a seatbelt than a parachute.

Trillion-Dollar News Fuels Retail Optimism

Walmart hitting $1 trillion market cap isn't just a headline. This milestone validates their AI-driven supply chain and Walmart+ subscription growth. The $41.59 million stake by Waterloo Capital and 27% e-commerce growth in Q3 2025 show big money isn't just watching - they're committing. But here's the catch: that 44.4 P/E ratio is rich for a retail stock. If earnings miss expectations, those $125 puts (WMT20260213P125) with 4,475 open interest could get busy.

Actionable Trade Setups for Today

For options traders:

• This Friday: Buy WMT20260206C132 calls if WMT holds above $129.50. Target $135-$138 before expiration.
• Next Friday: Buy WMT20260213C135 calls if the stock closes above $131 today. Use $131 puts (WMT20260213P131) as a hedge if volatility spikes.

For stock players:

• Entry: Consider buying WMT near $129.80 (current support level) with a stop-loss below $127.50.
• Targets: First resistance at $133.50 (Bollinger Band upper), then $137.50 (call-heavy zone).

Volatility on the Horizon

This isn't a "buy and forget" trade. With $4.7 million in open interest across both expirations, WMT could see sharp moves either way. The good news? The RSI at 72.22 isn't overbought enough to trigger a immediate reversal. But if WMT closes above $131 today, that changes the equation. Keep an eye on those $132 calls - they could become tomorrow's $135 puts if the bulls lose control.

Bottom line: This is a stock at a crossroads. The trillion-dollar milestone gives it tech-like momentum, but retail fundamentals still matter. Your best bet? Play the breakout with defined risk - let the options market do the heavy lifting while you ride the wave.