SunTrust downgraded Walgreen Company (NYSE: WAG) from Buy to Neutral and upgraded CVS Health Corporation (NYSE: CVS) to Buy on Friday. The price target for Walgreen is $77.00 and for CVS Health it was set to $110.
The rating changes suggest a possible pair trade.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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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Walgreens fell after the open Friday and recently traded at $73.61, down 1.04 percent. CVS shares moved higher amid the upgrade and recently traded at 65.80, up 0.29 percent.
CVS has been the outperformer in the pharmacy space with shares up 34.12 Year-to-Date.
As a point of interest, CVS shares hit their low this year on February 5 - the same day the company announced that it would stop selling tobacco at all CVS/Pharmacy locations.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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.