Call Options on CVS on 3/28/2022

CVS Health Corporation (CVS) provides health services in the United States.

The company's Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates.

Its Pharmacy Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, clinical, and disease and medical spend management services.

It serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on public health insurance and private health insurance exchanges, other sponsors of health benefit plans, and individuals. This segment operates retail specialty pharmacy stores; and specialty mail-order, mail-order dispensing, and compounding pharmacies, as well as branches for infusion and enteral nutrition services.

The company's Retail/LTC segment sells prescription and over-the-counter drugs, consumer health and beauty products, and personal care products; and provides health care services through its MinuteClinic walk-in medical clinics. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings.

Shares have climbed above their 50-day moving average and are on the cusp of breaking out of their bullish "cup and handle." 

We will be trading April 14th Call Options

Entry Point: $108.50

Trading Range: $73.30 - $111.25

Trade Buy 1 April $108.00 Call at $2.25 For a net debit of $2.25 Profit/Loss Analysis Breakeven at $110.25 Maximum profit is unbounded Maximum loss is ($225.00) at strike of $108.00 Closing Summary Sold 1 April $108.00 Call at $0.00

Position closed on 4/14/2022 at price of $0.00 with a -100.00% loss in 17 days.

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