The position's max profit at expiry runs from about 31 to 34 on the underlying, and less profit from about 30 to 34.95. This covers the downward gap of Nov. 4 and basically runs from near-term support to very near the top of the gap. Earnings is Feb. 18, the last trading day before February options expire, so there will be some volatility.
The shares have broken past near-term resistance three days after a pps bull signal. Macd is in bull mode; stochastic not. Today's rise put the price past the upper Bollinger band, which is trending upward.
Topic: CVS Pharmacies
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