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
$123.51+18.9% / 30d
IV rank (1y)
15.8% · low
Next earnings
Nov 19
Market cap
$982.9B
P/E (fwd)
38.3
Dividend
$0.96 · Dec 11
Option vol
29K /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
$131/$132 call spread · Nov 27
27 DAYS · 6.1% OTM · 1 WIDE · SELL TO OPEN
Credit
$51
Return
104.08%
PoP
71%
SpreadExpirationCreditReturn ↓PoP
$131 / $132
6.1% OTM · 1 wide
Dec 4
34 days
$40
$0.40 / share
66.67%70%
$129 / $131
4.4% OTM · 2 wide
Dec 4
34 days
$75
$0.75 / share
60%63%
$127 / $129
2.8% OTM · 2 wide
Nov 27
27 days
$70
$0.70 / share
53.85%60%
$130 / $132
5.3% OTM · 2 wide
Dec 4
34 days
$59
$0.59 / share
41.84%67%
$128 / $130
3.6% OTM · 2 wide
Nov 27
27 days
$57
$0.57 / share
39.86%62%
$130 / $132
5.3% OTM · 2 wide
Nov 27
27 days
$55
$0.55 / share
37.93%68%
$128 / $130
3.6% OTM · 2 wide
Dec 4
34 days
$46
$0.46 / share
29.87%61%
$129 / $131
4.4% OTM · 2 wide
Nov 27
27 days
$44
$0.44 / share
28.21%64%
$132 / $135
6.9% OTM · 3 wide
Nov 27
27 days
$64
$0.64 / share
27.12%72%
10 of 11 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $131/$132 call spread · 27 DTE

$0+$51−$49$132 LONG$131.51 BE$131 SHORT

Key numbers

Premium collected+$51
Max profit+$51
Max loss−$49
Breakeven$131.51
Spread$131 / $132
Probability of profit71%
Days to expiration27

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.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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