Gamble with Walmart

Tomorrow morning before opening, Walmart will report its earnings. Trading before earnings is always like gambling. However I'm making a gamble here. The sentiment is quite depressed now towards WMT and it's stock price keeps declining these days. And the option prices are quite inflated. I bet the bad news has already been priced in. So I sold naked puts yesterday expired Friday. If WMT stays above $85 by Friday, I can walk away close to $1000 in 3 days. Otherwise, I will buy it at a price around $84, which I don't mind because it is very cheap anyway. Let's see.