Wal-mart (WMT) is up 1.2 percent to $51.02 and the best gainer in the Dow Jones Industrial Average Monday morning. A noteworthy options trade early is a Jun 45 – July 50 put ratio spread, 6000X on PHLX. Looks like a strategist sold 12K of the Jun 45s and is possibly rolling the position up in strike prices to 6000 of the July 50s. WMT Jul 50 puts saw noteworthy action Friday as well, after 8935 changed hands (71 percent ask) and open interest increased by 7605 to 8711. In contrast to today, most of the action Friday was in smaller lots. The top trade was 200 at the $1.29 asking price. Shares fell 2.6 percent amid weakness in the retail sector on the heels of disappointing jobs data.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.