WMT Options Profit Calculator
Calculate profit, loss, breakeven, and max gain/loss for Walmart Inc. (WMT) call and put options at expiration.
Walmart options have low IV as a defensive consumer staple. Earnings and same-store sales data are the primary volatility drivers.
Premiums are cheap on this name, which lowers the cost basis for long options but compresses credit for sellers. Long calls or puts have a better risk/reward when you expect a directional move.
Quote refreshes every 6h. Use as context — not a real-time price.
IV typically expands into earnings and crushes on the report. Plan your position size and expiration accordingly.
Select option type and position, enter your trade details, then click Calculate P/L to see potential profit/loss at expiration.
For educational purposes only. Not financial advice. Read full disclaimer
Options P/L for Similar Tickers
Trading WMT Options: Strategies & P/L Patterns
Walmart's low IV and post-split share price make options inexpensive but also limit absolute premium collected. Short strangles and iron condors print quietly with realized ranges almost always landing inside the implied move. Covered call writers at the thirty-delta strike see one of the higher expire-worthless rates in consumer staples. Cash-secured puts at prior support fill cleanly. The wheel strategy works well given consistent assignment opportunities and high liquidity. Earnings short condors generate modest credits but with reliable post-print IV crush. Spreads in weekly chains are tight enough that rolling adjustments rarely cost much in slippage. The main upside surprise risk is around defensive flight-to-quality rallies, where covered calls can get breached more often than the baseline IV suggests.
Recent WMT Earnings History
Last 4 quarters of EPS estimate vs actual.
| Quarter | Estimate | Actual | Surprise |
|---|---|---|---|
| Q4 2026 | $0.73 | $0.74 | Beat +0.90% |
| Q3 2026 | $0.61 | $0.62 | Beat +2.18% |
| Q2 2026 | $0.75 | $0.68 | Miss -9.16% |
| Q1 2026 | $0.58 | $0.61 | Beat +4.88% |
EPS values from Finnhub. Refreshes daily.
Options P/L Formulas (at expiration)
Long Call: P/L = max(0, WMT − Strike) − Premium
Long Put: P/L = max(0, Strike − WMT) − Premium
Short Call/Put: P/L = Premium − Intrinsic Value
How to Use This Calculator for WMT
- Select call or put — choose based on which WMT contract you're analyzing.
- Choose buy or sell — buying WMT options means you pay the premium; selling means you receive it as credit.
- Enter the strike price — pull this from WMT's option chain on your broker.
- Enter the premium — the per-share cost. Multiply by 100 to get the total dollar cost or credit per contract.
- Enter the number of contracts — each WMT options contract covers 100 shares.
- Click Calculate — see breakeven, max profit, max loss, and P/L at various WMT expiration prices.
Frequently Asked Questions
- How do I calculate P/L on a WMT call option?
- For a long WMT call, P/L at expiration = max(0, WMT price − strike) × 100 − total premium paid. Enter the strike, premium, and number of contracts above to compute it. For short calls, P/L = premium received − max(0, WMT price − strike) × 100.
- What is the breakeven for a WMT put?
- For a long WMT put, breakeven = strike price − premium paid. The position becomes profitable when WMT closes below this level at expiration. For a short put, the same level applies, but you profit when WMT stays above it.
- What's the maximum loss when buying WMT options?
- When you buy WMT calls or puts, the maximum loss is the premium you paid (per contract × 100 shares). This is the most attractive feature of long options — your downside is capped regardless of how far WMT moves against you.
- Why are WMT option premiums so different across strikes?
- WMT's premiums vary with strike based on implied volatility, time to expiration, and how far the strike is from the current price. At-the-money strikes carry the most time value; out-of-the-money strikes are cheaper but have lower probability of finishing in-the-money.
- Does this calculator show P/L before expiration?
- No — this calculator shows P/L at expiration only. Before expiration, Walmart Inc. option prices include time value (extrinsic premium) that depends on remaining DTE, implied volatility, and the Greeks. For pre-expiration analysis, use a Black-Scholes or Options Greeks calculator.