Options traders see walmart+ leading to huge gains for the retail giant

Options traders are positioning themselves for big gains in Walmart after the company launched its subscription shopping service Walmart+ on Tuesday. The company has said that the service isn’t designed to go head-to-head with Amazon’s Prime service, but at $98 per year, compared with Prime’s $119 price tag, it may not have to. After sustained — but comparatively mild — bullish betting in Walmart’s options contracts earlier in the month surrounding speculation that the company might take over social media phenomenon TikTok, sentiment exploded to the upside in Tuesday’s session. Read more at CNBC.