WMT Earnings Play

11/13/13

WMT reports earnings tomorrow before market open. Current IV Rank is low at 41% which is keeping premiums low. Looking back at movement-after-earnings for the past 2 years the stock dropped 6 times while only gaining twice. Here's a possible bearish IC with the expected move shown below.

• Credit = 0.35
• Risk = 65
• ROR = 54% in 2 days