David Bartosiak's Walgreens Boots Alliance Trade

David Bartosiak of Zacks.com spoke on Bloomberg Markets about an options trading strategy in Walgreens Boots Alliance Inc WBA ahead of earnings.

The company is going to report earnings on Wednesday and it has a pretty good record on earnings. In the last seven quarters, it managed to beat earnings expectations of the Wall Street by an average of $0.09. Bartosiak thinks the company might surprise with a great guidance and he wants to buy the July 15th, 83/87 call spread for $1.60. The breakeven for the trade is at $84.60 and it can maximally make $2.40.