Walgreens Boots Alliance (WBA) has run 14% over the past two weeks since it reported better-than-expected revenue and earnings and delivered guidance that was in-line with analysts’ estimates.
Our WBA Oct Week Four (10/28) 34 Call in deep the money, and I am recommending we allow our shares to be called away. This will incur a large net debit on the position. I will recommend a put to sell next week to reduce that net debit.
Current Stock Price: $36.54
Cost Basis: $43.07
Action: Allow shares to be balled away
New Net Debit: $9.07