$WBA Options Turn Bearish Ahead of October Earnings — What Else Investors Should Note
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Court: N.D. Illinois
Case: 1:15-cv-3187
Options Market Signals Growing Bearish Sentiment- Walgreens Boots Alliance
WBA is seeing unusually high bearish options activity. Over 9,400 puts traded on July 2 — triple the expected volume. - The most active contracts are October $11 and December $12 puts, with a Put/Call ratio at 4.15.
- Implied volatility is also ticking up, and all this comes ahead of earnings expected on October 14th.
- At the same time, Walgreens paid $105 million to settle claims it misled investors about the Alliance Boots merger.
- Plaintiffs alleged the company concealed a $1.8–$2.3B shortfall and issued inflated guidance for fiscal 2016, leading to artificial price inflation.
You can check more information about it HERE and file for a payout.