Unusual Options Activity: $22M Bet on WMT $120 Calls Expiring Nov 20
107,005 contracts traded vs. 14,108 open interest, about $22.2M in premium.
Traders bought or sold 107,005 WMT $120 call contracts expiring Nov 20, about $22.2M in premium, against just 14,108 contracts of existing open interest (7.6× volume to open interest). That makes it one of the largest unusual options trades in the market in the latest session.
The strike is out of the money with WMT at $113.42 (+0.3% on the day). Volume above open interest means new positions are being opened, which is why options traders watch these prints closely. Calls gain if the stock rises above the strike before expiration, though big prints can also be hedges.
Other unusual WMT contracts
| Contract | Volume | Open int. | Premium |
|---|---|---|---|
| $120 Call · Nov 20 | 107,005 | 14,108 | $22.2M |
| $114 Put · Oct 16 | 3,291 | 160 | $382K |
| $113 Put · Oct 16 | 4,686 | 778 | $337K |
| $114 Put · Oct 23 | 588 | 32 | $105K |
| $114 Call · Nov 6 | 396 | 137 | $103K |
| $113 Put · Oct 23 | 704 | 119 | $93K |
Source: Nasdaq option chains (end-of-day volume and open interest), scanned by GTA Options Flow across the 160 most active U.S. stocks.
Written by the GTA Research Desk from GTA Terminal data. Not investment advice.
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