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Novice Trade: Walmart

I think WMT is probably going to break back over $100 between now and the end of the month.
Comments

It about time to take another stab at Walmart (WMT) . The company has earnings coming up, and it seems to be the only big box retailer that has not participated in the recent BBR rally.

Look at a charts of (TGT) , (COST) , or (HD) and then look at a chart of WMT. It's shocking how little it has moved.

After the great earnings last cycle, and the strength in the rest of the sector, something has to give.

I would be a buyer of the May3 $99 calls (which are ATM). They cost less than $1.60 and on a small move will easily pay well. I think WMT is probably going to break back over $100 between now and the end of the month.

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The Trade:

Buy to open 1 WMT May3 $99 call for $1.60

(Home Depot is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells HD? Learn more now.)

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At the time of publication, Mark Sebastian had no position in the securities mentioned.