WMTWalmart Inc. Common Stock
Options Analysis Report•RETAIL-VARIETY STORES
Market Cap $1.06T|NASDAQ
● 2026-05-15$132.46
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +37.5%YTD +17.5%7D +1.6%
Options Vol
81,645
30D
Implied Move
±9.7%
IV Rank
52%
WMT Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 42.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.53x — IV premium over HV
Sector Relative≤50%
Sector percentile 53% — above sector median
Term Structure
<1.1xFront/Back 1.53x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.6% — normal range
Spread-Adjusted Value
<80%Effective IV 42.5% (ATM 32.6% + spread 5.0% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 7.62% (spread 4.96% + slippage 2.66%) — high friction
Vega Efficiency
≥5.0Vega efficiency 83.63 (vega 41.480 / spread 4.96%) — efficient
Sentiment
Bullish or bearish?
6.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Weak signal (Conviction: +10%, Raw: +10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +10% (bullish) — Raw: +10%
OI Skew Magnitude
≥15%|OI skew| 7.1% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +34.2%, OI skew -7.1% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 51%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +22%, ATM: +10%, OTM: +9% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 31% — bullish vs sector
Activity
Unusual activity?
4.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 8.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +5.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 77% — active vs sector
Trade Quality
≥30%Large trade volume 17% — mixed
Execution Urgency
≥60%Aggressive execution 42% — patient
Flow Conviction
≥30Conviction +10 (bullish) — mixed
Liquidity
Can I trade efficiently?
6.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 5.0% — acceptable
Adequate OI
≥10,000OI 964,140 — deep
Active Volume
≥500Volume 81,645/day — active
Reasonable Cost
≤$0.50$0.25 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 54% — neutral vs sector
Order Book Depth
≥100 contractsDepth 211.8 contracts (bid:112.8 ask:99.0) — adequate
Execution Quality
<1.0%Avg slippage 2.66% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +53.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 42% — neutral
Event Detection
≥10pts kinkIV kink 14.7pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1342.39 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 47 (ITM 20% + inst 17%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.7
bullishIV fair, bullish flow
Long Puts4.9
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV fair, bullish flow
Covered Call5.2
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.