$CVS Downtrend Breakout, Bullish Options
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)
777M 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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