Analyzing the options chain and the chart patterns of CVS Health Corporation prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-2-9, for a premium of approximately $1.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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CVS traded at $76.35 after earnings, and the calls went up from $1.00 (when I wrote this article) to $1.32 at the close today, for about 32% gain!