01 — WMT · CASH-SECURED PUTS

Best WMT cash-secured puts 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
$121 put · Dec 4
34 DAYS · 2.0% OTM · SELL TO OPEN
Credit
$335
Return
2.71%
PoP
61%
StrikeExpirationCreditReturn ↓PoP
$121
2.0% OTM
Nov 27
27 days
$317
$3.17 / share
2.57%61%
$120
2.8% OTM
Dec 4
34 days
$315
$3.15 / share
2.55%63%
$120
2.8% OTM
Nov 27
27 days
$286
$2.86 / share
2.32%65%
$117
5.3% OTM
Dec 4
34 days
$269
$2.69 / share
2.18%73%
$119
3.6% OTM
Dec 4
34 days
$260
$2.60 / share
2.11%67%
$118
4.5% OTM
Dec 4
34 days
$242
$2.42 / share
1.96%70%
$119
3.6% OTM
Nov 27
27 days
$232
$2.32 / share
1.88%68%
$118
4.5% OTM
Nov 27
27 days
$223
$2.23 / share
1.81%72%
$117
5.3% OTM
Nov 27
27 days
$192
$1.92 / share
1.55%74%
10 of 19 matchesCustomize filters →

03 — Strategy

Cash-Secured Puts, plainly explained

Income-focused traders comfortable owning shares if assigned.

P&L at expiration · $121 put · 34 DTE

$0+$335losses$117.65 BREAKEVEN$121 STRIKE

Key numbers

Premium collected+$335
Max profit+$335
Breakeven$117.65
Capped above$121
Probability of profit61%
Days to expiration34

When this trade makes sense

Use when

  • ✓You have cash to buy 100 shares at the strike
  • ✓You'd be happy owning the stock at the strike price
  • ✓You think the stock holds or drifts up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to drop hard
  • ✕You don't actually want to own the stock
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full cash-secured puts 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.

Analyze WMT free →