CVS (CVS) Offering Possible 8.93% Return Over the Next 33 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 8.93% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $82.50 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 76.51 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 to Open New Digital Innovation Lab in Boston
Tue, 18 Nov 2014 02:46:02 GMT
noodls – BOSTON – November 17, 2014 – Today CVS Health announced it has signed a lease for the creation of a new Digital Innovation Lab at 116 Huntington Avenue in Boston, MA. The new 15,130 square feet Boston-based …

Final Glance: Drugstore companies
Mon, 17 Nov 2014 23:02:44 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
Mon, 17 Nov 2014 19:22:01 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.

Today's Top Performers In Services
Mon, 17 Nov 2014 17:03:00 GMT

Early Glance: Drugstore companies
Mon, 17 Nov 2014 15:29:08 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.

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