December 3, 2020 - MDT Alert (CVS)

I am going to suggest you close out the CVS position I suggested yesterday.

This is mainly because from a technical standout, it is overbought.

Here is how you close the position:

Sell to Close January 8th - $70.00 Call for $3.00

Buy to Close January 8th - $75.00 Call for $1.00

The net debit will be $2.00 per spread.

The trade was initiated yesterday for $1.50, so the profit is $50 per spread.

If you traded the suggested 6 lot, the gain is $300 overnight or 33% for one day.

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