One of Sam Walton's relatives is joining the Wal-Mart (NYSE: WMT) board, so there is, of course, speculation that he may one day get the top job. Of course, he probably does not have one iota of qualification to do anything at the world's largest retailer.

According to The Wall Street Journal, "Gregory B. Penner, who was nominated to the board in April, is the 38-year-old son-in-law of Wal-Mart Chairman S. Robson Walton, himself a son of company founder Sam Walton." That is not entirely true. He was the CFO of the company's Japan operation which has lost hundreds of millions of dollars.

Penner's parents are sex therapists. An excellent background for running a massive chain of big stores.

Douglas A. McIntyre is an editor at 247wallst.com.

Wal-Mart Stores, Inc. (NYSE-WMT) is scheduled to report Q4 EPS on Feb. 19:

WMT is recently down 72 cents to $49.24. WMT call option volume of 29,417 contracts compares to put volume of 37,513 contracts. WMT March option implied volatility of 28 is near its 26-week average of 26 according to Track Data, suggesting non-directional price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com