As I said with our recent closeouts of Kroger (KR) and Walt Disney (DIS), I do not take losses lightly, but there are times it must be done. We have reached this point with Walgreens Boots Alliance (WBA). Shares fell nearly 40% this year before bottoming out in early October. In addition to the broader…
Walgreens Boots Alliance (WBA) continued its ascent this week. I am recommending we roll our put out two weeks and to a higher strike price to generate more income and reduce our net debit on the position. You can enter the second leg of today’s trade even if you were not in the previous one.…
Walgreens Boots Alliance (WBA) has rallied nearly 18% over the past four weeks, due in part to the company reporting better-than-expected revenue and earnings. With the stock showing renewed signs of life, I want to sell a put to reduce our net debit on the position. You can enter today’s trade even if you were…
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…
The protective puts we purchased to hedge our Taiwan Semiconductor Manufacturing (TSM) LEAP call recovery position and Walgreens Boots Alliance (WBA) buy-write are on track to expire worthless. We will simply watch them do so. TSM reported better-than-expected revenue and earnings this week and raised its guidance for the current quarter. This bodes well for…
Walgreens Boots Alliance (WBA) bucked the broader market downtrend this week. However, with the company expected to announce earnings tomorrow, I want to put a hedge in place. I am recommending we roll our call out two weeks to generate more income, and then use that income to offset the cost of buying a protective…
Walgreens Boots Alliance (WBA) has continued to sell off with the broader market as investors attempt to determine the impact of higher interest rates. I am recommending a call to sell on our uncovered shares to reduce our cost basis on the position. Current Stock Price: $32.95 Cost Basis: $43.88 Action: Sell to open the…
Our Walgreens Boots Alliance (WBA) Sep Monthly (9/16) 37 Call is on track to expire worthless. We will simply watch it do so. The stock has sold off more than the broader market over the past month. It has also underperformed its closest peer, CVS Health (CVS). It’s possible we will end up taking a…
We accepted shares of Walgreens Boots Alliance (WBA) last week. I am recommending a call to sell to reduce our cost basis on the position. The goal is to capture income as well as potential appreciation. Current Stock Price: $35.80 Cost Basis: $44.13 Action: Sell to open the WBA Sep Monthly (9/16) 37 Call for around…
Our Pfizer (PFE) and Walgreens Boots Alliance (WBA) puts are deep in the money following the market’s sharp pullback over the past two weeks. PFE rallied on Thursday following news the Food and Drug Administration granted emergency use authorization (EUA) for omicron booster shots from Pfizer and Moderna (MRNA), which target the most common COVID-19…
