Call Options on WMT on 7/13/2020

Walmart Inc. (WMT) engages in the retail and wholesale operations in various formats worldwide.

The company operates in three segments: Walmart U.S., Walmart International, and Sam's Club.

It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, and floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products.

It also provides electronics, cameras and supplies, photo processing services, wireless, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, toys, fabrics, crafts, and seasonal merchandise, as well as brand name merchandise.

In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, check cashing, and bill payment.

It operates approximately 11,500 stores and various e-commerce Websites under the 56 banners in 27 countries.

Walmart Inc. has recently announced its membership program, called "Walmart Plus, similar to its e-commerce rival Amazon Prime. The service allows for exclusive deals and begins its annual membership at $95. This news has sent shares into a "bullish flag" formation.

We will be trading a Call Option on August 7th

Last Trade: $130.68

Trading Range: $102.00 to $133.38

Trade Buy 1 August $130.00 Call at $4.45 For a net debit of $4.45 Profit/Loss Analysis Breakeven at $134.45 Maximum profit is unbounded Maximum loss is ($445.00) at strike of $130.00 Closing Summary Sold 1 August $130.00 Call at $0.10

Position closed on 8/7/2020 at price of $0.10 with a -97.75% loss in 25 days.

Updates

8/7/2020 10:34:25 AM

Closed at 10 cents

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