Behind the Scenes of Walgreens Boots Alliance's Latest Options Trends

Investors with significant funds have taken a bearish position in Walgreens Boots Alliance WBA, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in WBA usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 9 options transactions for Walgreens Boots Alliance. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 0% being bullish and 100% bearish. Of all the options we discovered, 8 are puts, valued at $602,871, and there was a single call, worth $35,420.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $17.5 and $22.5 for Walgreens Boots Alliance, spanning the last three months.

Volume & Open Interest Trends

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 $17.5 to $22.5 in the last 30 days.

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

Noteworthy Options Activity:

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.

After a thorough review of the options trading surrounding Walgreens Boots Alliance, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Walgreens Boots Alliance

• With a trading volume of 4,169,420, the price of WBA is down by -1.93%, reaching $15.91.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 22 days from now.

What Analysts Are Saying About Walgreens Boots Alliance

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $13.0.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Underweight rating for Walgreens Boots Alliance, targeting a price of $13.

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.