Triple_Barrel_Capital

$CVS Downtrend Breakout, Bullish Options

Long
NYSE:CVS   CVS Health Corporation
$CVS Downtrend breakout today on the daily chart . Should see nice follow through move near term...some resistance possible at $85.

Bullish Unusual Options Activity:
$85M of Jan'2022 deep ITM calls traded today (~10x open interest)
$77M of Jan'2023 deep ITM calls traded today (~10x open interest)

Of note... earnings coming early August. Solid beat last quarter.


Medium term target: $100-$105 range by early Sept




Note: This is NOT investment advice. Educational only.

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