CVS Health Could Continue Rallying Into The Weekend

CVS Health Corp’s CVS stock jumped almost 5% to close at $97.31 on Thursday, after the company boosted its dividend and announced the resumption of its share repurchase program for the first time in four years.

Trending Investment Opportunities

Arrived
Buy shares of homes and vacation rentals for as little as $100.
WiserAdvisor
Get matched with a trusted, local financial advisor for free.
Point.com
Tap into your home's equity to consolidate debt or fund a renovation.
Robinhood
Move your 401k to Robinhood and get a 3% match on deposits.

On CNBC's "Options Action," Mike Khouw of Optimize Advisors said that the stock traded more than five times its average daily call volume on Thursday.

The most active options were the weekly 100-calls. There were buyers of 11,285 at an average price of 11 cents per contract, Khouw mentioned. “That’s a very cheap option,” he said. “Traders see bullish follow-through into the weekend from today’s action.”