CVS Health ( ) stock has rallied after getting hit by the “Amazon effect”… when Amazon announced it was buying PillPack and moving into the lucrative prescription drug marketplace.
With implied volatilities reasonably high and the stock fighting competitive expectations, the short-term trade for CVS is still to the downside…
Watch my latest Trade Scan video to find out what play I like on CVS.
About The Author
Meet Jon Lewis, With over 20 years of real experience, teaching AND trading, Jon will help you learn to use options profitably and safely in portfolios of any size.
His advantage, and now yours, is using simple, often overlooked spread options strategies which generate consistent income without significant risk.