StockPickingEnthusiast

Cigna to $165? Sentiment Change?

Long
NYSE:CI   Cigna Corporation
Possible healthcare sentiment change, at least for the short term.

Long position into $165 area.

Good-luck. (Not trading advice, any decision you make is yours alone).

CI

Comment: I sold my near dated call-spread early in the sell off. Purchased a week further out call spreads on some closer strikes. Purchased them in chunks so have a nice average for a bounce. Closed strong today, should bode well for tomorrow. Healthcare will probably get a bid being a defensive play near-term.
Trade active: I reaffirm my theory that the payers get a bid here. Especially with this executive order from Trump to protect Medicare's current structure and prevent Medicare for All.

https://www.cnbc.com/2019/10/03/trump-to...

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