Walmart - Tight "Bids and Asks" Is An Admirable Feature
It's chart looks horrible... It's Wednesday morning at 10:30 a.m. which is one of the very best days of the week to be looking at options on stocks which will be expiring on Friday afternoon. I have said that often before. I also like it when the option makers for Walmart stand true to game with tight bids and asks. What this means is that if they see extreme price swings starting to happen they don't freak out and allow large gaps between the bids and ask and questionable fills. You might not understand what I am talking about. It's a nice stock to trade options on and getting "in-and-out" of option positions on it tend to happen seamlessly. Look at the open interest in this series of options. It's next to nothing. On Monday there was this news. Costco is feeling the same pain. Is there to much negative energy and confusion in this space? Time will tell. To be continued.
