jangseohee
Short

Rare GEM ^_^

NYSE:CVS   CVS HEALTH CORP
67 5 0
Before Sept, a search of ALL-TIME-High stocks will return a results of at least 500 of them.
Right now, it is only about less than 25 of the all-time-high stock when i did the search
which is why this is a RARE GEM to me ^_^ That's right, my GREEDY face for shorting

*My projection is unfounded, so please do not treat this as an encouragement to start selling.

Based on the last two major market crash, CVS             exhibited this characteristics. Once the uptrend commenced, the first leg of high will be made in one breath. And then came a correction or saw tooth period before making a 2nd higher high. Subsequent crash was the result once the higher high is formed.

Though not a strong warning, RSI has shown sign of fatigue and sliding lower as the current trend goes parabolic.

My take: If there is a rebound in major indices, i expect CVS             to push to the max. That would give me a cheaper options to buy.

Plan: 1. Put options @83 strike
2. Put options @84.5 strike
3. Put options @86 strike

Yes, short all the way up.

bad trades ^_^
upper channel limit unknown
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jangseohee jangseohee
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sounds like monthly rejection
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