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David Bartosiak's Walgreens Boots Alliance Trade

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David Bartosiak of Zacks.com spoke on Bloomberg Markets about an options trading strategy in Walgreens Boots Alliance Inc (NASDAQ: 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.

 

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Posted-In: Bloomberg Markets David Bartosiak Zacks.comPreviews Options Markets Media Trading Ideas