Walgreens Boots Alliance Unusual Options Activity

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

Looking at options history for Walgreens Boots Alliance WBA we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $477,279 and 6, calls, for a total amount of $262,833.

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 $12.5 and $16.0 for Walgreens Boots Alliance, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Walgreens Boots Alliance's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Walgreens Boots Alliance's substantial trades, within a strike price spectrum from $12.5 to $16.0 over the preceding 30 days.

Walgreens Boots Alliance Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Walgreens Boots Alliance's Current Market Status

• Currently trading with a volume of 12,361,237, the WBA's price is up by 0.07%, now at $15.71.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 1 days.

Professional Analyst Ratings for Walgreens Boots Alliance

4 market experts have recently issued ratings for this stock, with a consensus target price of $16.5.

• An analyst from Evercore ISI Group persists with their In-Line rating on Walgreens Boots Alliance, maintaining a target price of $17.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Walgreens Boots Alliance, targeting a price of $17.
• An analyst from Morgan Stanley has decided to maintain their Underweight rating on Walgreens Boots Alliance, which currently sits at a price target of $13.
• Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on Walgreens Boots Alliance with a target price of $19.

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.