Financial giants have made a conspicuous bearish move on Walgreens Boots Alliance. Our analysis of options history for Walgreens Boots Alliance WBA revealed 17 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $821,753, and 2 were calls, valued at $90,380.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $27.5 for Walgreens Boots Alliance during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Walgreens Boots Alliance options trades today is 8952.0 with a total volume of 11,470.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Walgreens Boots Alliance's big money trades within a strike price range of $15.0 to $27.5 over the last 30 days.
Walgreens Boots Alliance Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WBA | PUT | TRADE | BULLISH | 04/19/24 | $22.50 | $103.2K | 12.7K | 1.1K |
| WBA | PUT | SWEEP | BEARISH | 06/21/24 | $20.00 | $88.1K | 17.3K | 1.0K |
| WBA | PUT | SWEEP | BULLISH | 09/20/24 | $22.50 | $75.3K | 743 | 1 |
| WBA | PUT | SWEEP | BULLISH | 09/20/24 | $22.50 | $74.2K | 743 | 515 |
| WBA | PUT | SWEEP | BULLISH | 09/20/24 | $22.50 | $72.1K | 743 | 1.0K |
About Walgreens Boots Alliance
Walgreens Boots Alliance is one of the largest retail pharmacy chains in the U.S., with over 8,500 locations. Nearly three quarters of Americans live within five miles of a Walgreens location. Roughly two thirds of revenue is generated from prescription drug sales; Walgreens makes up 20% of total prescription revenue in the U.S. Walgreens also generates sales from retail products (general wellness consumables and its own branded merchandise), European drug wholesale, and healthcare. With more locations incorporating additional services like Health Corner and Village Medical, Walgreens creates an omnichannel experience for patients and positions itself as a one-stop healthcare provider.
Having examined the options trading patterns of Walgreens Boots Alliance, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Walgreens Boots Alliance
- Trading volume stands at 5,884,773, with WBA's price down by -0.05%, positioned at $21.15.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 17 days.
Professional Analyst Ratings for Walgreens Boots Alliance
In the last month, 2 experts released ratings on this stock with an average target price of $21.5.
- An analyst from HSBC downgraded its action to Reduce with a price target of $20.
- An analyst from Leerink Partners downgraded its action to Market Perform with a price target of $23.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Walgreens Boots Alliance, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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