High-rolling investors have positioned themselves bullish on Walgreens Boots Alliance WBA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in WBA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Walgreens Boots Alliance. This is not a typical pattern.
The sentiment among these major traders is split, with 61% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $43,500, and 12 calls, totaling $1,005,129.
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 $22.5 and $30.0 for Walgreens Boots Alliance, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Walgreens Boots Alliance stands at 15466.0, with a total volume reaching 22,212.00. 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 $22.5 to $30.0, throughout 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WBA | CALL | TRADE | BULLISH | 01/19/24 | $22.50 | $293.1K | 19.4K | 3.7K |
| WBA | CALL | SWEEP | BULLISH | 01/19/24 | $25.00 | $127.2K | 47.2K | 203 |
| WBA | CALL | SWEEP | BULLISH | 01/19/24 | $22.50 | $103.0K | 19.4K | 1.3K |
| WBA | CALL | SWEEP | BULLISH | 01/19/24 | $25.00 | $92.0K | 47.2K | 4.2K |
| WBA | CALL | TRADE | BULLISH | 01/19/24 | $22.50 | $80.3K | 19.4K | 1.8K |
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.
Where Is Walgreens Boots Alliance Standing Right Now?
- With a volume of 9,215,598, the price of WBA is up 0.61% at $21.51.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 28 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Walgreens Boots Alliance with Benzinga Pro for real-time alerts.
Edge Rankings
Price Trend
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