CVS (CVS) Offering Possible 5.26% Return Over the Next 9 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $89.00 short put and a strike $84.00 long put offers a potential 5.26% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $89.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $84.00 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 above 80 which suggests that the stock is in overbought territory.

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

Final Glance: Drugstore companies
Thu, 13 Nov 2014 23:05:48 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, …

Midday Glance: Drugstore companies
Thu, 13 Nov 2014 18:28:09 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.41 or .6 percent, to $66.52. Rite Aid rose $.08 or 1.3 percent, to $5.68. Walgreen rose $.32 or .5 percent, to $59.54.

Early Glance: Drugstore companies
Thu, 13 Nov 2014 17:16:23 GMT
AP – Shares of some top drugstore companies are up at 10 a.m.: CVSCaremark rose $.66 or 1.0 percent, to $66.77. Rite Aid rose $.05 or .9 percent, to $5.65. Walgreen rose $.81 or 1.4 percent, to $60.03.

CVS Health Introduces Robust Consumer Education Resources for Upcoming Health Insurance Marketplace Open Enrollment
Thu, 13 Nov 2014 16:54:27 GMT
noodls – WOONSOCKET, R.I. , Nov. 13, 2014 /PRNewswire/ –CVS Health (NYSE: CVS) today announced a robust educational effort to increase its customers' understanding of available insurance options during the upcoming …

CVS Health Introduces Robust Consumer Education Resources for Upcoming Health Insurance Marketplace Open Enrollment
Thu, 13 Nov 2014 16:30:00 GMT
PR Newswire – WOONSOCKET, R.I., Nov. 13, 2014 /PRNewswire/ — CVS Health (NYSE: CVS) today announced a robust educational effort to increase its customers' understanding of available insurance options during the upcoming …

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