Calls in WMT, Perhaps?

Hi Shoppers,

I am thinking maybe calls in Walmart (Ticker: WMT) could be in order.

Check out the chart:

Yesterday created a doji right at my support level which coincides with the 50 day moving average creating even more support.

As always, wait for the confirmation this morning.

You want to see WMT trade higher for at least an hour after the opening.

Looking at the calls:

I like next week’s at the money calls which will be the 149s.

Trade Review

Alphabet (Ticker: GOOGL) didn’t trade lower, so no trade was made. Looks like it could possibly be rolling over now, though. Keep an eye on it.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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