DavideG

CVS - Short-Term Reversal Expected

Short
NYSE:CVS   CVS Health Corporation
3
CVS facing strong resistance @ $104.25. S&P also facing resistance @ $2044, and last trading @ $2036.2

Expect at least a short term reversal. Picked up some Dec '15 CVS puts @ $1.84/contract to take advantage of this trade and manage current market risk. CVS shares were last trading @ $104.01. First target ~$100.

10/20/15 - 11:38am EST

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