$CVS Bear Put Spread: $104 Cost, Earn Up to $146 by Apr 17 (9 DTE)
$CVS Health(CVS)$ Options Bear Put Spread: Cost $104, Max Profit $146 on Apr 8, 2026
📊 Ticker: $CVS
Strategy: Bear Put Spread (Debit Spread)
Contracts:
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Buy to Open: CVS Apr 17 $77.5 Put
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Sell to Open: CVS Apr 17 $75 Put
Cost: $104
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Max Gain: $146 (1.4x return)
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Max Loss: $104 (100% of premium)
Thesis: Mildly bearish on CVS near-term. Healthcare retail facing margin pressures and regulatory headwinds. Defined risk play—if it breaks below $75, the spread maxes out. If wrong, premium lost is capped.
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