CVS Health Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for CVS Health (NYSE:CVS), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 60% being bearish and 40% bullish. The targeted price range for CVS Health over the last 3 months is $50.0 to $95.0.
June 02, 2023 | 5:16 pm
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A large investor has taken a bearish stance on CVS Health (NYSE:CVS) with unusual options activity. 60% of the trades are bearish, while 40% are bullish. The targeted price range for CVS Health over the last 3 months is $50.0 to $95.0.
The unusual options activity indicates that a large investor is taking a bearish stance on CVS Health, which could potentially impact the stock price in the short term. The 60% bearish sentiment outweighs the 40% bullish sentiment, suggesting that the investor may have information or expectations that could negatively affect the stock price. The targeted price range of $50.0 to $95.0 also provides an indication of the potential volatility in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100