CVS Options Call Update

December 27, 2010 · Posted in ABC Bullish, Head and Shoulders · Comments Off on CVS Options Call Update 

The last post on Dec. 6th showing CVS ABC Pattern and its Feb. 35 Options. CVS is trading in ABC Bullish Pattern with a Long triggered at 30.70, targets: $35 (100%AB), $36-$38 (127%AB-162%AB) and stop at $29.40 (below C). On Dec. 6th Feb. 2011 $35 Call options were trading at 0.50c. On Dec. 22nd, CVS reached its 1st target of $35, and Feb. 35 Calls were traded at $1.40. The chart below shows CVS chart as of Dec. 23rd trading.