WMTWalmart Inc. Common Stock
Options Analysis Report•RETAIL-VARIETY STORES
Market Cap $1.02T|NASDAQ
● 2026-04-17$127.50
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +38.0%YTD +13.1%7D +0.6%
Options Vol
64,100
30D
Implied Move
±7.3%
IV Rank
30%
WMT Options Overview
IV is low. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 15.9% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.12x — IV premium over HV
Sector Relative≤50%
Sector percentile 18% — below sector median
Term Structure
<1.1xFront/Back 0.84x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 27.6% — normal range
Spread-Adjusted Value
<80%Effective IV 40.7% (ATM 27.6% + spread 6.5% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 9.63% (spread 6.55% + slippage 3.08%) — high friction
Vega Efficiency
≥5.0Vega efficiency 57.54 (vega 37.686 / spread 6.55%) — 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: +12%, Raw: +3%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +12% (bullish) — Raw: +3%
OI Skew Magnitude
≥15%|OI skew| 5.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +27.5%, OI skew -5.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 48%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -18%, ATM: -3%, OTM: +13% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 46% — neutral vs sector
Activity
Unusual activity?
3.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 6.0% — 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 +8.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 74% — active vs sector
Trade Quality
≥30%Large trade volume 14% — mostly retail
Execution Urgency
≥60%Aggressive execution 50% — patient
Flow Conviction
≥30Conviction +12 (bullish) — mixed
Liquidity
Can I trade efficiently?
6.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 6.5% — wide
Adequate OI
≥10,000OI 1,068,285 — deep
Active Volume
≥500Volume 64,100/day — active
Reasonable Cost
≤$0.50$0.33 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 23% — tighter than sector
Order Book Depth
≥100 contractsDepth 256.6 contracts (bid:125.7 ask:130.9) — adequate
Execution Quality
<1.0%Avg slippage 3.08% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -16.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 16% — buyer opportunity
Event Detection
≥10pts kinkIV kink -4.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1211.76 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +12% @ 56% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 44 (ITM 20% + inst 14%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.9
bullishIV cheap, bullish flow
Long Puts6.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.2
bullishIV too cheap, bullish flow
Covered Call4.4
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.