CVS (CVS) Offering Possible 14.42% Return Over the Next 34 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 14.42% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock dropped below the $65.00 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

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Thu, 14 Nov 2019 23:08:56 +0000
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Here's Why You Should Hold on to CVS Health (CVS) For Now
Thu, 14 Nov 2019 14:52:02 +0000
Investors can still hold on to CVS Health (CVS) stock, thanks to its solid prospects.

Walgreens Boots Rallies on KKR's Bid but Market View Mixed
Thu, 14 Nov 2019 14:41:02 +0000
Albeit the market sentiment is bullish on Walgreens Boots' (WBA) potential acquisition deal, many analysts are in doubt about the company's effective approach to get privatized.

CVS Health's New Plans With Aetna May Improve Health Outcomes
Thu, 14 Nov 2019 14:39:02 +0000
CVS Health's (CVS) Health Care Benefits segment develops Medicare program with Aetna.

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