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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.