01 — WMT · BEAR CALL SPREADS

Best WMT bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Mega-cap defensive name with steady options flow tied to grocery share, e-commerce, and ad-business growth.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Walmart
Consumer Staples
WMT
$121.25+16.7% / 30d
IV rank (1y)
15.2% · low
Next earnings
Nov 19
Market cap
$964.9B
P/E (fwd)
37.6
Dividend
$0.96 · Dec 11
Option vol
47K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$126/$128 call spread · Nov 27
29 DAYS · 6.1% OTM · 2 WIDE · SELL TO OPEN
Credit
$80
Return
66.67%
PoP
63%
SpreadExpirationCreditReturn ↓PoP
$126 / $128
6.1% OTM · 2 wide
Nov 20
22 days
$66
$0.66 / share
49.25%62%
$127 / $129
6.9% OTM · 2 wide
Nov 20
22 days
$65
$0.65 / share
48.15%66%
$130 / $132
9.5% OTM · 2 wide
Dec 4
36 days
$50
$0.50 / share
33.33%73%
$127 / $129
6.9% OTM · 2 wide
Nov 27
29 days
$46
$0.46 / share
29.87%64%
$130 / $132
9.5% OTM · 2 wide
Nov 27
29 days
$44
$0.44 / share
28.21%75%
$127 / $129
6.9% OTM · 2 wide
Dec 4
36 days
$44
$0.44 / share
28.21%63%
$128 / $130
7.8% OTM · 2 wide
Nov 20
22 days
$42
$0.42 / share
26.58%69%
$128 / $130
7.8% OTM · 2 wide
Nov 27
29 days
$41
$0.41 / share
25.79%69%
$128 / $130
7.8% OTM · 2 wide
Dec 4
36 days
$36
$0.36 / share
21.95%67%
10 of 14 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $126/$128 call spread · 29 DTE

$0+$80−$120$128 LONG$126.80 BE$126 SHORT

Key numbers

Premium collected+$80
Max profit+$80
Max loss−$120
Breakeven$126.80
Spread$126 / $128
Probability of profit63%
Days to expiration29

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on WMT.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.