Shares of Walgreens Company (WAG) are up .16 to 55.73 today.? WAG is in the upper end of the 52-week range.
Today paper traded 20,000 WAG Jan 2015 50 put/ 60 call combos for near even money.? ADV is 18,186 contracts.? The OI is 40k in the calls and 6780 in the puts.
The volume went up in 10000 lot blocks for near even money.? The trade looks like leaning buy call/ sell put which would give the position a long bias.? There is big open interest in the 60 call but this is opening paper for the spread.? The trader is making a long term buy in WAG.
30-day implied volatility is 55%.? ?10-day implied volatility is 23%.? 30-day implied volatility is trading above the 10-day historical volatility.
Walgreen Co. (Walgreens) together with its subsidiaries operates the drugstore chain in the United States.?