If you haven`t sold WBA here:
Then Analyzing the options chain of WBA Walgreens Boots Alliance prior to the earnings report this week,
I would consider purchasing the $32.5 strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.62.
If these options prove to be profitable prior to the earnings release, I would sell at least...
Looking at the WBA Walgreens Boots Alliance options chain ahead of earnings , I would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$1.01 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
The PEAD projected a bullish outlook for $WBA after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 55.56%.
Confirmed pivot.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...
Things to have in mind:
I've graphed a few historic values that most analysts have in their notes.
Walgreens Boots Alliance reports their earnings tomorrow BMO: I'm anticipating the market will buy the surprise.
The %B is at a good value to "signal oversold".
Walgreens Boots Alliance should take its medicine as the share needs some more strength to make it above the resistance at $42.29. From there, the course should rise into the green zone between $52.38 and $59.29 to conclude wave 3 in green before we anticipate a countermovement. A 38% chance remains, though, that WBA could drop below the support at $32.70 instead,...
$WBA has a nice setup here, the blue and red lines are entry and stop respectively, target is shown by the box's upper edge, and time projection for the move by the time duration of the box.
Best of luck!
Cheers,
Ivan Labrie.
The PEAD projected a Bullish outlook for $WBA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
WBA Q1 November 2022 earnings are on Thursday 1/5/2023 at 7am. Walgreens Boots Alliance (WBA) reported Q4 August 2022 earnings of $0.80 per share on revenue of $32.4 billion. The consensus earnings estimate was $0.78 per share on revenue of $32.1 billion. Revenue fell 5.3% compared to the same quarter a year ago. The company said it expects fiscal 2023 earnings of...
The last two times price touched $42 was in August ($42.10) and December ($42.03). Price hovered near $42 highs in November but didn't hold. Could also be a start of new impulsive wave to the downside. Might wait til the fed decision and cpi reports pass next week to get a second look.
The handle low is 39.20 and can be a source of support.
Mid cup is 36.25 and the cup low is 30.39. The depth is 11.71.
Not quite to EL.
No recommendation/Long with a break of EL Level.
