CVS (CVS) Offering Possible 10.62% Return Over the Next 7 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 10.62% return on risk over the next 7 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 $0.48 would be kept by the premium seller. The risk of $4.52 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 75.05 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

More companies speak out against laws targeting transgender kids
Wed, 12 May 2021 21:30:16 +0000
Yahoo Finance's Melody Hahm breaks down how major coporations are fighting back againt anit-LGTBQ legislation.

COVID-19 Vaccine Appointments Now Available for Adolescents Ages 12 to 15 at Select CVS Pharmacy Locations Nationwide
Wed, 12 May 2021 20:07:00 +0000
CVS Health (NYSE: CVS) announced that COVID-19 vaccine appointments for adolescents ages 12 to 15 are now available for scheduling at more than 5,600 CVS Pharmacy locations nationwide, following Food and Drug Administration (FDA) Emergency Use Authorization of the Pfizer-BioNTech vaccine for this age group. Starting tomorrow, May 13, participating CVS Pharmacy locations will begin administering the Pfizer-BioNTech vaccine to this newly eligible population. Parental or legal guardian consent is required, and children must be accompanied by an adult.

JPMorgan, CVS, GM, Walgreens join corporate fight against laws targeting transgender kids
Tue, 11 May 2021 13:38:20 +0000
Corporate America is beginning to speak out against laws targeting transgender people, just as it did with laws curbing voting rights.

CVS Pharmacy Upgrades Prescription Delivery Benefit for CarePass Members
Tue, 11 May 2021 12:00:00 +0000
CVS Pharmacy, the retail division of CVS Health (NYSE: CVS), today announced an upgrade to its CarePass membership program, with prescription delivery within hours now free for eligible CarePass members with an eligible prescription through an expanded partnership with the delivery service Shipt.

The Zacks Analyst Blog Highlights: Nike, CVS Health, American Tower Corp, The Southern Co, American International Group and Parker-Hannifin Corp
Tue, 11 May 2021 10:39:10 +0000
The Zacks Analyst Blog Highlights: Nike, CVS Health, American Tower Corp, The Southern Co, American International Group and Parker-Hannifin Corp

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