JD.com Walmart Sale Spawns Options Trades Swapping $26 Calls, and $75 Puts
$JD.com (JD.US)$ was in the top 11th position for high stock options volume equities Wednesday after news that Walmart had sold off its entire stake in the retailer. Traders swapped 249K contracts on the equity, according to moomoo data. The single contract that stood out was the $26.5 Call due Friday, August 23, in two days. It saw a trading volume of 9.49k contracts traded hands, according to moomoo data.
The contract gives users the right to purchase JD.com stock at $25.5, for an asking price of $0.61/share for a hundred shares. The value of the contract has fallen 67% Wednesday, following a drop in the underlying price.
According to moomoo data, the stock saw $1.94B in turnover Wednesday, as traders in the smallest size brought a net inflow of $147M into the equity.
Walmart options also shot up to the top 24th position on the news. The news broke that Walmart $Walmart (WMT.US)$ sold its entire stake in the Chinese e-commerce firm early Wendesday, sending the stock falling 6%. Bloomberg News reported that Walmart sold 144.5 million shares for $24.95 per share, or about $3.6 billion.
One contract stood out for Walmart: a $75 put expiring Friday, August 23 saw 15k contracts change hands Wednesday. Overall, traders swapped 144k contracts on Wednesday. The contract had fallen in value by about half on Wendesday.
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