Market Whales and Their Recent Bets on WBA Options

Investors with a lot of money to spend have taken a bullish stance on Walgreens Boots Alliance WBA.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WBA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 17 uncommon options trades for Walgreens Boots Alliance.

This isn't normal.

The overall sentiment of these big-money traders is split between 64% bullish and 35%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $189,338, and 14 are calls, for a total amount of $859,381.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $37.5 for Walgreens Boots Alliance over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Walgreens Boots Alliance's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Walgreens Boots Alliance's substantial trades, within a strike price spectrum from $18.0 to $37.5 over the preceding 30 days.

Walgreens Boots Alliance Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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

• With a trading volume of 5,259,785, the price of WBA is down by -0.72%, reaching $24.83.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 78 days from now.

Expert Opinions on Walgreens Boots Alliance

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $27.0.

• An analyst from HSBC has revised its rating downward to Hold, adjusting the price target to $27.

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.