Financial giants have made a conspicuous bearish 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 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $451,662, and 3 were calls, valued at $176,130.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $50.0 for Walgreens Boots Alliance during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Walgreens Boots Alliance stands at 5300.67, with a total volume reaching 4,059.00. 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 $12.5 to $50.0, throughout the last 30 days.
Walgreens Boots Alliance Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| 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 | $7.7 | $7.6 | $7.7 | $25.00 | $117.0K | 4.8K | 152 |
| WBA | PUT | SWEEP | BEARISH | 01/17/25 | $7.7 | $7.6 | $7.7 | $25.00 | $95.4K | 4.8K | 276 |
| WBA | PUT | SWEEP | BEARISH | 10/18/24 | $7.55 | $7.45 | $7.55 | $25.00 | $95.1K | 2.7K | 0 |
| WBA | CALL | SWEEP | NEUTRAL | 01/16/26 | $6.75 | $6.5 | $6.75 | $12.50 | $67.5K | 1.3K | 218 |
| WBA | CALL | SWEEP | BULLISH | 01/16/26 | $6.65 | $5.5 | $6.65 | $12.50 | $66.5K | 1.3K | 18 |
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.
Following our analysis of the options activities associated with Walgreens Boots Alliance, we pivot to a closer look at the company's own performance.
Where Is Walgreens Boots Alliance Standing Right Now?
- Trading volume stands at 7,689,491, with WBA's price down by -0.06%, positioned at $17.63.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 69 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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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