Date: 9/1/2020

Company: Walmart

Symbol: WMT

Summary:

Trade #1: 

• Earnings Date: Currently set for 11/17
• Options Play: WMT 9/11 $150 CALL
• Entry: $3.05

 Trade #2: 

• Earnings Date: Currently set for 11/17
• Options Play: WMT 11/20 $150 CALL
• Entry: $9.90

 Suggested Strategy:

Open 3 or more positions (for Trade #1) prior to earnings or Open 1 position for Trade #2.  Exit half of your positions at 2x to reduce or eliminate risk altogether.  Keep remaining position through earnings.  You may buy an O-O-M Put as insurance to cover CALL.

Order Details

• Action: Buy to Open
• Symbol: WMT
• Quantity: 3 or more contracts (Trade #1)
• Expiration: 9/11 (Trade #1) , 11/20 (Trade #2)
• Strike: 150
• Type: CALL
• Limit price: $3.05 or $9.90 respectively

Stock Target Price: $185

Total cost of trade: Min $915