Walmart's new subscription service is making waves in the options market, even though the company says it's not designed to compete with Amazon Prime.
by more than 11-to-1. One of the examples of activity that we saw were the Sept. 25 weekly 148-strike calls. Those are the calls that are going to expire a week from this coming Friday.
One of the buyers of those paid a little over 70 cents for about 1,000 of those," Optimize Advisors CIO Michael Khouw said Tuesday on CNBC's "The buyer of those calls is betting that Walmart could move about 8% higher from Tuesday's close by next Friday, which would put the stock right around its highs from earlier in the month. They're also risking just about 0.
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