Filed under: Walgreen Co (WAG), Options

Walgreen (NYSE: WAG) closed at $36.78. WAG is expected to report Q2 EPS on March 24. Goldman Sachs says, “We continue to prefer Buy-rated CVS in the space, due to its superior operating momentum and greater undervaluation, but WAG is increasingly compelling.” WAG April option implied volatility of 32 is near its 26-week average of 29 according to Track Data, suggesting non-directional risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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