$CVS Downtrend Breakout, Bullish Options

CVS Downtrend breakout today on the daily chart. Should see nice follow through move near term...some resistance possible at $85.

Bullish Unusual Options Activity:
85M of Jan'2022 deep ITM calls traded today (~10x open interest)
77M of Jan'2023 deep ITM calls traded today (~10x open interest)

Of note...earnings coming early August. Solid beat last quarter.


Medium term target: $100-$105 range by early Sept




Note: This is NOT investment advice. Educational only.