Walgreens Boots Alliance WBA Stock & Option Trade Ideas

Based on the technical data for WBA, here is an analysis:

MACD (Moving Average Convergence Divergence): The MACD line is below the Signal line, indicating a bearish trend for WBA.

Bollinger Bands: The stock price is currently below the middle band, which suggests a bearish signal.

RSI (Relative Strength Index): The RSI is fluctuating but generally indicates a neutral to slightly bearish sentiment.

Considering the bearish signals from the technical indicators, here are some potential trading strategies for WBA:

• Stock Trade: Given the bearish signals, consider short-selling the stock or waiting for a confirmation of a downtrend before entering a long position.
• Option Trade:
  – Put Option: Purchase put options to profit from a potential downside movement in the stock price.
  – Bear Put Spread: Sell a put option with a higher strike price and simultaneously buy a put option with a lower strike price to limit potential losses while benefiting from a downward move in the stock price.
  – Long Straddle: Purchase a call option and a put option simultaneously with the same strike price and expiry to profit from a significant price swing in either direction. However, this strategy requires a high level of volatility.