Aug. 15 at 2:49 AM
Big moves on
$CVS today with a strong bullish vibe
A massive
$251K sweep of Nov
$70 calls shows some serious conviction
Looks like the big players are betting on a rally past
$70 by November
That makes those long-dated call spreads super attractive for anyone looking to leverage upside
Also saw 896 Aug
$68 calls swept for over
$21K at just
$0.24 each
Traders seem to think we will see
$CVS breach
$68 by tomorrow's close
Front-month calls could see a quick payoff if that happens
Keeping an eye on how this plays out