Deep-pocketed investors have adopted a bullish approach towards Walgreens Boots Alliance WBA, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WBA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Walgreens Boots Alliance. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 3 are puts, totaling $116,837, and 6 are calls, amounting to $435,577.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $27.5 for Walgreens Boots Alliance, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Walgreens Boots Alliance's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Walgreens Boots Alliance's whale activity within a strike price range from $15.0 to $27.5 in 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 | CALL | TRADE | BULLISH | 01/16/26 | $3.45 | $3.25 | $3.4 | $22.50 | $238.0K | 2.3K | 733 |
| WBA | CALL | SWEEP | BULLISH | 06/20/25 | $7.05 | $6.8 | $7.05 | $15.00 | $70.5K | 16 | 100 |
| WBA | PUT | SWEEP | BULLISH | 09/20/24 | $1.76 | $1.66 | $1.76 | $20.00 | $50.3K | 5.3K | 983 |
| WBA | CALL | SWEEP | BEARISH | 06/21/24 | $0.79 | $0.78 | $0.78 | $22.50 | $37.2K | 15.3K | 980 |
| WBA | PUT | SWEEP | BEARISH | 10/18/24 | $7.2 | $7.1 | $7.2 | $27.50 | $36.0K | 56 | 60 |
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.
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
Current Position of Walgreens Boots Alliance
- With a volume of 12,403,128, the price of WBA is down -0.41% at $21.6.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 85 days.
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.
If you want to stay updated on the latest options trades for Walgreens Boots Alliance, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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