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A Closer Look at Walgreens Boots Alliance's Options Market Dynamics

Author: Benzinga Insights | April 24, 2024 11:01am

Investors with a lot of money to spend have taken a bearish stance on Walgreens Boots Alliance (NASDAQ: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 8 uncommon options trades for Walgreens Boots Alliance.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $155,440, and 6 are calls, for a total amount of $424,015.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $25.0 for Walgreens Boots Alliance, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Walgreens Boots Alliance's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walgreens Boots Alliance's significant trades, within a strike price range of $10.0 to $25.0, over the past month.

Walgreens Boots Alliance Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
WBA CALL TRADE BEARISH 01/16/26 $8.35 $8.05 $8.15 $10.00 $163.0K 517 305
WBA PUT SWEEP BEARISH 06/20/25 $7.8 $7.7 $7.8 $25.00 $129.4K 377 1
WBA CALL SWEEP BEARISH 01/16/26 $8.3 $8.05 $8.22 $10.00 $82.2K 517 105
WBA CALL SWEEP BULLISH 01/16/26 $3.95 $3.85 $3.95 $17.50 $62.8K 964 163
WBA CALL TRADE BEARISH 06/20/25 $4.5 $4.45 $4.45 $15.00 $44.5K 3.2K 0

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.

Where Is Walgreens Boots Alliance Standing Right Now?

  • With a trading volume of 3,248,114, the price of WBA is down by -2.08%, reaching $17.68.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 62 days from now.

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.

Posted In: WBA

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