Walgreens Boots Alliance's Options: A Look at What the Big Money is Thinking

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 20 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 45% bearish. Among these notable options, 9 are puts, totaling $1,016,376, and 11 are calls, amounting to $1,615,086.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $32.5 for Walgreens Boots Alliance over the recent three months.

Insights into Volume & Open Interest

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 $20.0 to $32.5 over the preceding 30 days.

Walgreens Boots Alliance 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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

Walgreens Boots Alliance's Current Market Status

• Trading volume stands at 15,135,154, with WBA's price down by -0.86%, positioned at $26.42.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 1 days.

Professional Analyst Ratings for Walgreens Boots Alliance

1 market experts have recently issued ratings for this stock, with a consensus target price of $27.0.

• Reflecting concerns, an analyst from HSBC lowers its rating to Hold with a new price target of $27.

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.