01 — WMT · COVERED CALLS

Best WMT covered calls 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
$130.43+1.0% / 30d
IV rank (1y)
38.8% · moderate
Next earnings
May 21
Market cap
$1.04T
P/E (fwd)
39.7
Dividend
$0.94 · Aug 21
Option vol
45K /day

02 — Live setups

Suggested strikes

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

Days to expiration
Probability of profit
Sort by
Top pick
$135 call · Jun 5
27 DAYS · 3.5% OTM · SELL TO OPEN
Credit
$270
Annualized
27.98%
PoP
63%
StrikeExpirationCreditAnnualized PoP
$135
3.5% OTM
Jun 12
34 days
$325
$3.25 / share
26.75%62%
$136
4.3% OTM
Jun 5
27 days
$252
$2.52 / share
26.12%67%
$136
4.3% OTM
Jun 12
34 days
$296
$2.96 / share
24.36%65%
$137
5.0% OTM
Jun 5
27 days
$220
$2.20 / share
22.8%70%
$137
5.0% OTM
Jun 12
34 days
$255
$2.55 / share
20.99%68%
$138
5.8% OTM
Jun 5
27 days
$190
$1.90 / share
19.69%73%
$138
5.8% OTM
Jun 12
34 days
$232
$2.32 / share
19.1%70%
$139
6.6% OTM
Jun 5
27 days
$176
$1.76 / share
18.24%75%
$139
6.6% OTM
Jun 12
34 days
$182
$1.82 / share
14.98%73%
10 of 12 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $135 call · 27 DTE

$0+$727losses$127.73 BREAKEVEN$135 STRIKE

Key numbers

Premium collected+$270
Max profit+$727
Breakeven$127.73
Capped above$135
Probability of profit63%
Days to expiration27

When this trade makes sense

Use when

  • You already own 100+ shares of the stock
  • You'd be fine selling at the strike price
  • You think the stock goes flat or slightly up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to rip higher
  • You're attached to the shares (tax, conviction)
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full covered calls 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.

Analyze WMT free →

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.