Buy to open the WMT March 60 puts (WMT160318P00060000, $0.65, up $0.04) at current levels.

Dear Momentum Options Subscriber,

I have a New Trade this afternoon on a name that has fallen below its 200-day moving average and could be setting up for further weakness.


Wal-Mart Stores (WMT, $66.12, down $0.14)

Buy to open the WMT March 60 puts (WMT160318P00060000, $0.65, up $0.04) at current levels.

Action: I like these put options at current levels, and you can use a Limit Order up to $0.75 to get the best fill.


Resistance for WMT shares is at $66.50 and the 200-day moving average. Support is at $65.

These are the regular monthly options that expire on March 18. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.


All prices given in this update are current as of 2:55 p.m. EST.

I hereby disclose that I will be participating in the aforementioned trade(s). Every new Momentum Options recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options