If Walgreens is not going to $0, we may be at a good bottoming risk/return spot. You can of course wait for a myriad of VTLs or FLDs to break before getting in.
The most recent low was $36.65 and is currently around $38/share which is a per share risk of $1.35. I currently just have some sold puts at the $35 and $32.50 strike prices, but may be tempted here to jump in with some actual shares. Good luck!