Walmart Stock Slips as Raised Outlook Disappoints
Options traders had been unusually bullish ahead of the report. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and Nasdaq OMX PHLX (PHLX), Walmart's 50-day call/put volume ratio of 2.38 ranks higher than 87% of readings from the past year, showing calls have been picked up at a much faster- than-usual pace over the past 10 weeks. Should these losses hold, WMT will erase its 2.6% year-to-date lead and open at its lowest level since November. Prior to this price action, familiar ...