CVS (CVS) Offering Possible 13.9% Return Over the Next 29 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 13.9% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $77.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for CVS is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for CVS is bullish.

The RSI indicator is at 61.2 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for CVS

CVS Health, Rite Aid block Apple Pay in their stores – NYT
Mon, 27 Oct 2014 07:34:43 GMT

PRESS DIGEST- New York Times business news – Oct 27
Mon, 27 Oct 2014 05:00:36 GMT
Reuters – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Rite Aid Corp and CVS Health Corp disabled Apple …

2 Drug Chains Disable Apple Pay, as a Rival Makes Plans
Mon, 27 Oct 2014 00:58:21 GMT

CVS Follows Rite Aid, Shuts Off Apple Pay
Sun, 26 Oct 2014 12:32:07 GMT

Final Glance: Drugstore companies
Fri, 24 Oct 2014 22:35:12 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.33 or .5 percent, to $66.44. Rite Aid rose $.10 or 1.8 percent, to $5.70. Walgreen rose $1.74 or 2.9 percent, …

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