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Sep 01 2020

WMT Options Gamma Trap

WMT is trading over 5% higher today be in on rumors of new services, or possibly buying TikToc. Doesnt matter. Whats interesting is there are a LOT of call options sitting >=140 strike, with another 240k calls trading so far today. Its 11AM EST.

It appears the gamma could fuel a move up toward $160, this map likely changes with tomorrows update, due to all that flow trading today.

WMT Sept Options Gamma
WMT Sept Options Gamma
WMT Stock Chart 9/1/20
WMT Stock Chart 9/1/20

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Written by SpotGamma · Categorized: Market Analysis

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