Walmart Splits 3:1

$WMT

The WMT 0.00%↑ share split takes effect today. Th evolution of retail and options trading makes stock splits a bit more meaningful than it might’ve years ago, in my opinion.

We have this area between $56-$57.50, which represents the pre earnings break to new all-time highs, as well as the earnings gap up after the report. That’s the zone where I’m selling put spreads. It allows me to define risk, and should the stock pull back to those levels, I can evaluate if it’s a BRB (breakout, retest, bounce) situation, or something else.