Moderately bullish activity in Wal-Mart with shares up 0.44%

Moderately bullish activity in Wal-Mart (WMT), with shares up 45c, or 0.44%, near $102.90. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.66, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 0.2 points near 30.28,in the top quartile of the past year, suggesting an expected daily move of $1.96. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Wal-Mart (WMT) will report earnings before the open on 2025-11-20.Option markets are pricing in a 50% probability of a move greater than 5.36% or $5.52.