Cano Health Stock Plummets As CVS Health Abandons Buyout


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • Cano Health Inc (NYSE:CANO) shares plunged after reports that CVS Health Corp (NYSE:CVS) has decided not to pursue an acquisition of Cano. 
  • Dealreporter was the first to report that CVS had decided against pursuing a deal with Cano Health, the report cited people familiar with the matter. 
  • The news comes just a few days after Humana Inc (NYSE:HUM) and CVS Health showed interest in U.S. primary care provider.
  • Hedge fund Third Point LLC, which owns 6.4% of Cano, has been pushing the company to put itself up for sale as its stock price has tumbled since it went public last year via the SPAC transaction.
  • Price Action: CANO health shares are down 41.9% at $4.78 on the last check Monday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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