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
$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
$127 call · Nov 27
27 DAYS · 2.8% OTM · SELL TO OPEN
Credit
$350
Return
2.83%
PoP
60%
StrikeExpirationCreditReturn ↓PoP
$129
4.4% OTM
Dec 4
34 days
$305
$3.05 / share
2.47%63%
$128
3.6% OTM
Nov 27
27 days
$297
$2.97 / share
2.4%62%
$128
3.6% OTM
Dec 4
34 days
$295
$2.95 / share
2.39%61%
$129
4.4% OTM
Nov 27
27 days
$280
$2.80 / share
2.27%64%
$130
5.3% OTM
Dec 4
34 days
$249
$2.49 / share
2.02%67%
$130
5.3% OTM
Nov 27
27 days
$240
$2.40 / share
1.94%68%
$131
6.1% OTM
Nov 27
27 days
$236
$2.36 / share
1.91%71%
$131
6.1% OTM
Dec 4
34 days
$230
$2.30 / share
1.86%70%
$132
6.9% OTM
Dec 4
34 days
$190
$1.90 / share
1.54%72%
10 of 11 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

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

P&L at expiration · $127 call · 27 DTE

$0+$699losses$120.01 BREAKEVEN$127 STRIKE

Key numbers

Premium collected+$350
Max profit+$699
Breakeven$120.01
Capped above$127
Probability of profit60%
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.

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

Analyze WMT free →