Whales with a lot of money to spend have taken a noticeably bullish stance on Walgreens Boots Alliance.
Looking at options history for Walgreens Boots Alliance WBA we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $297,593 and 3, calls, for a total amount of $107,106.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $16.0 for Walgreens Boots Alliance, spanning the last three months.
Volume & Open Interest Development
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 $5.0 to $16.0, over the past month.
Walgreens Boots Alliance 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WBA | PUT | TRADE | BEARISH | 06/20/25 | $2.47 | $2.39 | $2.44 | $15.00 | $122.0K | 13.1K | 500 |
| WBA | PUT | TRADE | BEARISH | 01/17/25 | $1.96 | $1.9 | $1.96 | $15.00 | $78.4K | 22.9K | 719 |
| WBA | CALL | TRADE | NEUTRAL | 01/17/25 | $11.85 | $8.5 | $10.15 | $5.00 | $50.7K | 52 | 0 |
| WBA | PUT | SWEEP | BULLISH | 06/21/24 | $0.23 | $0.22 | $0.21 | $15.00 | $36.4K | 8.2K | 128 |
| WBA | PUT | TRADE | BULLISH | 06/20/25 | $1.39 | $1.34 | $1.34 | $12.50 | $33.5K | 7.1K | 0 |
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
- Currently trading with a volume of 3,642,250, the WBA's price is down by -1.19%, now at $15.36.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 14 days.
What The Experts Say On Walgreens Boots Alliance
In the last month, 2 experts released ratings on this stock with an average target price of $15.0.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Walgreens Boots Alliance, targeting a price of $17.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Underweight rating for Walgreens Boots Alliance, targeting a price of $13.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Walgreens Boots Alliance options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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