Unpacking the Latest Options Trading Trends in Walgreens Boots Alliance
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bullish sentiment among high-rolling investors towards Walgreens Boots Alliance (NASDAQ:WBA), with a notable split in sentiment (50% bullish, 50% bearish) among major trades. The trading activity suggests an expected price range of $19.5 to $21.0 for WBA over the next three months. This activity, highlighted by Benzinga, includes significant trades in both calls and puts, with a larger volume in calls. Walgreens Boots Alliance, a major retail pharmacy chain in the U.S., is currently positioned neutrally in the market with its stock price slightly up at $20.86. The company is expected to release its next earnings in 6 days, and market experts have issued a consensus target price of $22.5 for the stock.
March 22, 2024 | 4:31 pm
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Options trading activity suggests a bullish sentiment among investors for Walgreens Boots Alliance, with an expected price range of $19.5 to $21.0. The stock is currently neutral with a slight uptick to $20.86, and earnings are expected in 6 days. Market experts have set a consensus target price of $22.5.
The bullish sentiment among high-rolling investors, as indicated by the options trading activity, suggests a positive outlook for WBA's stock price in the short term. The expected price range, current market position, and upcoming earnings report contribute to this assessment. The consensus target price from market experts further supports the potential for price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100