Aug 13 Watchlist - Earning day
Closing Price: $51.88 +1.37 (+2.71%)
50 Strike Call - .WMTLJ 3.65
(4 x 365 = $1,460.00)
50 Strike Put - .WMTXJ 1.93
(4 x 193 = $772.00)
Wal-Mart foresees same-store sales in the current quarter between flat and 2 percent higher than a year earlier, and it raised its full-year profit guidance to $3.50 to $3.60 per share, from $3.45 to $3.60 per share.
In the quarter that ended July 31, Wal-Mart earned $3.44 billion, or 88 cents per share, while revenue fell 1.4 percent to $100.08 billion. Analysts surveyed by Thomson Reuters projected earnings per share of 85 cents on revenue of $102.9 billion.
The company's international sales fell 5.1 percent, hurt by the impact of currency exchange rates.
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Well it closed over $50 per share (as of Aug 12, 2009) and it was higher intraday. $50 Option updated:Closing Price $50.51 +0.74 (+1.49%) 50.53 x100 50.80 x1,900 18,204,831
Aug 12 Watchlist exit
50 Stike - Call .WMTLJ exit point or better 3.00
(4 x 300 = $1,200)
50 Strike - Put .WMTXJ exit point or better 2.59
(4 x 259 = $948)
Total = Calls profitable
Total = Puts maybe worth a little more before Dec. expiration or after earnings in a couple of weeks. We will have to see, time will tell.
Aug 10 Watchlist entry
50 Strike - Call .WMTLJ entry point or better 2.37
(4 x 237 = $948)
Strike - Put .WMTXJ entry point or better 3.50
(4 x 350 = $1,400)
Total = $2,348.00 less commission.
