Walgreens Boots Alliance Unusual Options Activity

Financial giants have made a conspicuous bullish move on Walgreens Boots Alliance. Our analysis of options history for Walgreens Boots Alliance WBA revealed 9 unusual trades.

Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $79,896, and 7 were calls, valued at $296,747.

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.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walgreens Boots Alliance's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walgreens Boots Alliance's significant trades, within a strike price range of $10.0 to $20.0, over the past month.

Walgreens Boots Alliance Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Walgreens Boots Alliance

Walgreens Boots Alliance is one of the largest retail pharmacy chains in the US, with over 8,000 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.

Current Position of Walgreens Boots Alliance

• Currently trading with a volume of 17,768,532, the WBA's price is up by 1.89%, now at $12.12.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 72 days.

Professional Analyst Ratings for Walgreens Boots Alliance

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $10.25.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from B of A Securities continues to hold a Underperform rating for Walgreens Boots Alliance, targeting a price of $8. * Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Walgreens Boots Alliance, targeting a price of $12.

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.

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