This call is strictly for short term cash generation. WMT's high is $125. I am buying today and selling this 47 day call to boost income plain and simple. If I lose WMT, that is ok by me. If I keep it, I will cash the dividends and I will continue to sell calls. You have to hurry if you want to capture the 12/5 dividend.
M* MoneyMadam
Disclosure: Long WMT with calls on some of the position