Significant Move Expected for Walgreens Boots Alliance

Today, Walgreens Boots Alliance (WBA) is highly volatile with an IVRank of 102.6, indicating elevated implied volatility.

The expected move is ±11.78% in the near term, showing potential for significant price swings.

Skew across expiries suggests a stronger preference for calls, as evidenced by the CALL skew of 36.5%, particularly notable for the 11/15 expiry where the IVx is 102.7%.

Despite a slight IVx decline across some expiries, the volatility remains high, signaling traders are bracing for large earnings-driven moves.