Jason's BigDeaL Trade Alert #28 I titled Monday's newsletter "China's Woes to Weigh on Walmart," and that was an understatement. Walmart ticker: WMT) reported quarterly earnings of $3.48 billion on Tuesday, down 15% from the same quarter last year. The firm also lowered guidance, just as I predicted, and as a result, its shares sank 3.38% on Tuesday and have fallen further since. This allowed us to sell our $70-strike September puts on WMT – entered at $1.03 on Monday – for at least $1.45, notching outstanding one-day gains of 40.8%. The puts ultimately soared to as high as $2.64 yesterday and are at a bid of $2.00 as of this writing – if you haven't sold yet, go ahead and take profits. ...

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