Shares of Walgreens Inc. (WAG) are down .49 to 73.23 today. WAG is near the top of the 52 week range.
Today paper traded 68000 WAG Aug 72.5 calls and 61885 Oct 72.5 calls at 1.13. ? The ADV is 29014 contracts.? The OI is just over 240 in Aug and 68586 in Sep.
The volume went up in? two giant blocks.? Oct volume looks closing with Aug volume opening.? The client looks like they are rolling back to an earlier term.? The reasons for this are a bit confounding but are most likely they wanted to increase the size of the long position by 10% and take some profits off the table.
30-day implied volatility is 28%. ? 10-day implied volatility is 28%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Walgreen Co. (Walgreens), together with its subsidiaries, operates as a retail drugstore chain in the United States.