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Today, we’re recommending a new bearish trade on Wal-Mart Stores, Inc. (NYSE:WMT). Unfortunately for WMT, physical retail is not showing very good numbers. Same-store sales are looking week for the big department and discount retailers who derive most of their revenue from physical locations.
WMT is back to its post-earnings drop where trendline support was challenged last Friday. We like an entry at this point so we can get in ahead of some of the earnings and retail data due to be released this week.
‘Buy to open’ the WMT February 67.50 Puts (WMT170217P00067500) for a maximum price of $1.30.
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