Financial giants have made a conspicuous bullish move on Walgreens Boots Alliance. Our analysis of options history for Walgreens Boots Alliance WBA revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $275,920, and 4 were calls, valued at $144,065.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.5 and $12.5 for Walgreens Boots Alliance, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Walgreens Boots Alliance stands at 17582.17, with a total volume reaching 20,647.00. 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 $9.5 to $12.5, throughout the last 30 days.
Walgreens Boots Alliance Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WBA | PUT | SWEEP | BEARISH | 01/17/25 | $0.49 | $0.41 | $0.49 | $9.50 | $61.8K | 262 | 1.3K |
| WBA | PUT | SWEEP | BULLISH | 01/17/25 | $0.7 | $0.67 | $0.67 | $10.00 | $59.7K | 29.0K | 1.4K |
| WBA | PUT | SWEEP | NEUTRAL | 01/17/25 | $0.74 | $0.73 | $0.73 | $10.00 | $54.9K | 29.0K | 1.9K |
| WBA | CALL | SWEEP | BULLISH | 01/16/26 | $1.88 | $1.85 | $1.88 | $10.00 | $46.8K | 20.6K | 690 |
| WBA | CALL | SWEEP | BULLISH | 01/16/26 | $1.95 | $1.85 | $1.95 | $10.00 | $39.0K | 20.6K | 327 |
About Walgreens Boots Alliance
Walgreens Boots Alliance is one of the largest retail pharmacy chains in the US, with over 8,000 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.
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.
Present Market Standing of Walgreens Boots Alliance
- Trading volume stands at 13,249,376, with WBA's price up by 1.58%, positioned at $9.65.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 4 days.
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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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