While there is no live trading today, I want to put on one new position – an in-the-money CVS Health (CVS) put. I believe the sell-off, due to the general market downturn and concerns about a falloff in COVID-19 vaccinations, is overdone.
Our next Live Trading Session will be held Tuesday, Sept. 6, at noon Eastern. You can register for it and all of September’s live sessions here.
In Tuesday’s session, I will review our open positions in addition to putting on new trades. I also plan to cover a stock that we rarely trade due to liquidity issues, but that you may want to add to your personal bullpen.
Current Stock Price: $99.45
Action: Sell to open CVS Health (CVS) Sep Week Two (9/9) 100 Put for around $1.52. You can go as low as $1.40, but please don’t start there and always use limit orders.