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.
A whale with a lot of money to spend has taken a noticeably bullish stance on CVS Health.
Looking at options history for CVS Health (NYSE:CVS) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $455,299 and 7, calls, for a total amount of $356,800.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $80.0 for CVS Health over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for CVS Health options trades today is 4104.75 with a total volume of 7,628.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for CVS Health's big money trades within a strike price range of $65.0 to $80.0 over the last 30 days.
CVS Health Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVS | PUT | TRADE | BEARISH | 02/16/24 | $67.50 | $345.0K | 1.1K | 1.0K |
| CVS | PUT | SWEEP | BULLISH | 01/19/24 | $75.00 | $72.5K | 6.3K | 112 |
| CVS | CALL | TRADE | BULLISH | 11/17/23 | $75.00 | $63.8K | 17.2K | 3.0K |
| CVS | CALL | TRADE | BEARISH | 01/16/26 | $70.00 | $60.0K | 84 | 51 |
| CVS | CALL | TRADE | BEARISH | 10/27/23 | $69.00 | $52.4K | 39 | 230 |
Where Is CVS Health Standing Right Now?
- With a volume of 5,199,864, the price of CVS is down -2.22% at $69.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
What The Experts Say On CVS Health:
- Wolfe Research upgraded its action to Outperform with a price target of $80
- Piper Sandler has decided to maintain their Overweight rating on CVS Health, which currently sits at a price target of $82.
- Evercore ISI Group upgraded its action to Outperform with a price target of $83
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $87
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for CVS Health, Benzinga Pro gives you real-time options trades alerts.
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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