Walgreens Boots Alliance Options Trading: A Deep Dive into Market Sentiment

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Whales with a lot of money to spend have taken a noticeably bullish stance on Walgreens Boots Alliance.

Looking at options history for Walgreens Boots Alliance WBA we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 73% of the investors opened trades with bullish expectations and 20% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $205,621 and 10, calls, for a total amount of $613,000.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $20.0 for Walgreens Boots Alliance during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Walgreens Boots Alliance's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Walgreens Boots Alliance's whale trades within a strike price range from $10.0 to $20.0 in the last 30 days.

Walgreens Boots Alliance Call and Put Volume: 30-Day Overview

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
WBA CALL SWEEP BULLISH 01/17/25 $2.82 $2.69 $2.7 $17.50 $130.9K 4.8K 796
WBA CALL SWEEP BULLISH 10/18/24 $3.85 $3.6 $3.85 $15.00 $80.0K 287 210
WBA PUT SWEEP BEARISH 01/16/26 $4.9 $4.75 $4.85 $20.00 $79.7K 4.1K 164
WBA CALL SWEEP BULLISH 05/31/24 $0.69 $0.74 $0.69 $17.50 $69.9K 390 1.2K
WBA CALL SWEEP BULLISH 06/20/25 $5.0 $4.95 $5.0 $15.00 $69.5K 3.6K 144

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.

Following our analysis of the options activities associated with Walgreens Boots Alliance, we pivot to a closer look at the company's own performance.

Current Position of Walgreens Boots Alliance

  • With a trading volume of 17,952,111, the price of WBA is up by 5.41%, reaching $18.12.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 43 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walgreens Boots Alliance with Benzinga Pro for real-time alerts.

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