03-27-2019, 08:57 AM
I'm all in on CVS. I fail to see any significant risk from here. Down on the news of a competitive Centene-Wellmark merger. Sold an APR 18 Strike 52.50 put for $1.30. That's over 2% for three weeks. Expires right before the dividend X date. A lot of analysts are going to be very wrong if CVS is bad from here. CVS already downgraded 2019 outlook. Hopefully they sandbagged it some if they are smart. PE is about 8 in any event. Big debt from merger and very profitable. We'll see how it goes.