Walmart's Earnings Surprise Just Created This Great Trade Opportunity
Walmart(WMT) Benzinga·2024-08-21 01:07
Walmart (WMT) posted earnings last Thursday, beating expectations on Earnings per Share ($.67 vs $.64 expected) and sales ($169.33B vs $168.56B) which lifted the stock about +8%. Since then, its consolidated between the $72.50 and $74 levels.While I think there might be a mild pullback in WMT, my PFP system (Positioning, Flows, and Price Action) is telling me the line of least resistance is to the upside.That's created a great opportunity for an options trade.Let me show you how I'd trade it.Currently, I'm ...