Unpacking the Latest Options Trading Trends in Walgreens Boots Alliance

High-rolling investors have positioned themselves bullish on Walgreens Boots Alliance WBA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in WBA often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Walgreens Boots Alliance. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $26,622, and 7 calls, totaling $294,530.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $19.5 to $21.0 for Walgreens Boots Alliance over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walgreens Boots Alliance's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walgreens Boots Alliance's significant trades, within a strike price range of $19.5 to $21.0, over the past month.

Walgreens Boots Alliance 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

In light of the recent options history for Walgreens Boots Alliance, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Walgreens Boots Alliance

• With a volume of 3,449,635, the price of WBA is up 0.29% at $20.86.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 6 days.

What The Experts Say On Walgreens Boots Alliance

2 market experts have recently issued ratings for this stock, with a consensus target price of $22.5.

• An analyst from Leerink Partners has revised its rating downward to Market Perform, adjusting the price target to $23.
• An analyst from Leerink Partners persists with their Market Perform rating on Walgreens Boots Alliance, maintaining a target price of $22.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walgreens Boots Alliance options trades with real-time alerts from Benzinga Pro.