MomentumOptions.com Trade Alert (WBA) for 10/14/2022

2:20pm

Shares of WBA are holding up well in another down day for the market but failed to make the opening run to $35 like we were looking for. With the options expiring next week, we are going to save the premium we paid in the calls.

Trade Alert!

Walgreens Boots Alliance (WBA, $33.42, down $0.23)

WBA October 33 calls (WBA221021C00033000, $0.90, down $0.20)

WBA October 31 puts (WBA221021P00031000, $0.07, down $0.03)

Entry Price: $1.70 (10/12/2022)
Exit Target: $2 (Limit Order on calls)
Return: -41%
Stop Target: None

Action: Close the calls at current levels to save the premium. They have traded up to $1.40 but below the Limit Order at $2. We can continue to hold the puts into next week.

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