CVS (CVS) Offering Possible 25.63% Return Over the Next 22 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 25.63% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $96.00 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

COVID-19 Spikes Elevate Retail Concerns
Tue, 28 Dec 2021 19:46:26 +0000
Retailers are closely monitoring the global spike in COVID-19 cases in December and if any additional measures might be undertaken to safeguard employees and shoppers.

California commission claims retailers violating plastic bag law
Tue, 28 Dec 2021 12:09:12 +0000
Big retailers are breaking California law and misleading consumers by selling plastic shopping bags bearing language and symbols that falsely suggest the bags can be recycled, a state-appointed commission alleged this month. The group has asked California to force retailers to strip these bags of the ubiquitous “chasing arrows” logo and the words “recycle” and “recyclable,” Reuters has learned. The commission also is taking aim at padded envelopes and packaging materials used for home delivery, and plastic films on some grocery items.

Exclusive-California commission claims retailers violating plastic bag law
Tue, 28 Dec 2021 12:09:12 +0000
Big retailers are breaking California law and misleading consumers by selling plastic shopping bags bearing language and symbols that falsely suggest the bags can be recycled, a state-appointed commission alleged this month. The group has asked California to force retailers to strip these bags of the ubiquitous “chasing arrows” logo and the words “recycle” and “recyclable,” Reuters has learned. The commission also is taking aim at padded envelopes and packaging materials used for home delivery, and plastic films on some grocery items.

Federated Hermes Prudent Bear Fund Buys PowerShares QQQ Trust Ser 1, iShares Russell 2000 ETF, …
Sat, 25 Dec 2021 07:38:02 +0000
Investment company Federated Hermes Prudent Bear Fund (Current Portfolio) buys PowerShares QQQ Trust Ser 1, iShares Russell 2000 ETF, iShares MSCI Emerging Markets ETF, SPDR Biotech ETF, iShares MSCI EAFE ETF, sells S&P 500 ETF TRUST ETF, Financial Select Sector SPDR, Health Care Select Sector SPDR, ARK Genomic Revolution ETF, Cisco Systems Inc during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Federated Hermes Prudent Bear Fund.

CVS Health (CVS) Gains But Lags Market: What You Should Know
Fri, 24 Dec 2021 22:45:10 +0000
In the latest trading session, CVS Health (CVS) closed at $101.31, marking a +0.41% move from the previous day.

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