the options skew has shifted toward calls; more importantly, it is oversold and snapping back to the average. The clearest way to be wrong is catching a falling knife
Low-key, I actually like this one. WMT -3.5% on the week at $116.35, 10.9% from $129. positioning is crowded long and vulnerable to an unwind. we’ll see how it ages.
not sure the timing works. the bull case isn't the chart, it's the business: it gains wallet share when shoppers trade down. e-commerce is scaling toward profitability. but i’m not married to it 🎯