WMT gamma levels.

Where WMT tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.

• WMT $125.52 · up 0.00% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 125 (below price · 0.52 / 0.41% away); ↯ Surge, live flow 125 (below price · 0.52 / 0.41% away); ‖ call wall — sticky, but below price · not a ceiling from here 125 (below price · 0.52 / 0.41% away); ‖ put wall — floor, slippery 105 (below price · 20.52 / 16.35% away); ↘ Reversal 105 (below price · 20.52 / 16.35% away)
• Expected move today ±5.04 · pre-open reference
• Strikes nearest the money (high to low): 128 negative, 127 positive, 126 positive, 125 positive, 124 negative, 123 negative
• Since yesterday's close, positioning grew at 120, 124, 125 and faded at 129, 130, 135.
• Event pricing: the options market prices an unusually large move into 2026-11-20 (±$11.67 by that date, about 1.8x this board's normal daily move). On single names this is usually an earnings report. Descriptive of the market's own pricing, never a forecast.
• ATM implied volatility 28.5%