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 41 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $712,593 and 29, calls, for a total amount of $1,375,488.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $25.0 for Walgreens Boots Alliance over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Walgreens Boots Alliance stands at 3929.75, with a total volume reaching 54,018.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walgreens Boots Alliance, situated within the strike price corridor from $5.0 to $25.0, throughout the last 30 days.

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 US, 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 US. 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

Where Is Walgreens Boots Alliance Standing Right Now?

• With a volume of 26,810,057, the price of WBA is down -3.89% at $11.12.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 99 days.

Expert Opinions on Walgreens Boots Alliance

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $15.2.

• An analyst from TD Cowen persists with their Buy rating on Walgreens Boots Alliance, maintaining a target price of $22.
• An analyst from Barclays has decided to maintain their Underweight rating on Walgreens Boots Alliance, which currently sits at a price target of $19.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Underweight rating for Walgreens Boots Alliance, targeting a price of $9.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Walgreens Boots Alliance, targeting a price of $13.
• An analyst from Truist Securities has decided to maintain their Hold rating on Walgreens Boots Alliance, which currently sits at a price target of $13.

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