Walmart, Alibaba, and Deere are scheduled to report their earnings before the market opens on May 15, 2025. Consensus estimates for Walmart's earnings per share stand at 58 cents, Alibaba's at $1.48, and Deere's at $5.64. Alibaba reported free cash flow of $514 million, falling short of the $3.7 billion estimate, resulting in an 86% miss and a 5% drop in its shares premarket. Walmart reported earnings that initially lifted its shares by 2.3% in premarket trading; however, the stock later erased gains and fell by as much as 4.9%, marking its largest decline since April 4. The decline followed Walmart's warning of upcoming tariff-related price increases, signaling a potential rise in consumer prices. Despite the drop, Walmart shares later stabilized near $96, with option volume tripling the daily average and implied volatility decreasing. Unusual call activity was observed in Walmart's options market, indicating heightened investor interest. By May 16, Walmart shares rose 2.58% to $98.84 amid mixed options sentiment, with options volume doubling and calls leading. Meanwhile, Alibaba's stock tumbled 8% following its earnings miss. Market participants are also watching unusual options activity in several other stocks, including Veru, Tiger, Opendoor, and others. Additionally, straddles priced for expected movements of 6% to 10% are noted ahead of earnings releases for Walmart, Applied Materials, Take-Two Interactive, and Cava Group.