On CNBC's "Options Action," Carter Worth said CVS Health Corp CVS “acts poorly going into earnings.” He added, “If you’re long, we’ll take measures. If you’re a short seller, we’d hit it.”
Shares of CVS Health tanked almost 5% on Friday, ahead of the company’s earnings release, which is scheduled for May 4. Mike Khouw of Optimize Advisors said, “Put spreads in CVS going into earnings.”
Also Read: DZ Bank Downgrades Verizon Communications to Sell, Announces $44 Price Target
Check out stocks moving ahead of earnings in the premarket.
Tony Zhang recommended to “play for a bounce” in T-Mobile US Inc TMUS. Shares of T-Mobile US lost almost 7% to settle at $123.14 on Friday.
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