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updated: 3/7/2014 12:28 PM

Walgreen traders focus on upside after 16% stock rally

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  • Customer Anna Board, left, checks out in the cosmetics section of a Walgreen Co. store in Louisville, Kentucky.

      Customer Anna Board, left, checks out in the cosmetics section of a Walgreen Co. store in Louisville, Kentucky.
    Bloomberg News

 

Signs of improving customer traffic and prospects that a tighter supply chain will pay off in higher profits are bolstering bullish options in walgreen co. the price of calls that pay out if the stock gains 10 percent reached the highest level in six years compared with puts conveying the right to sell the shares, signaling an increase in bets that the stock will rise.

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