CVS Caremark (CVS) volume and volatility elevated; shares sell off on PBM customer losses
Down)
CVS Caremark (NYSE: CVS) is recently down $6.95 to $29.21 on big client losses at its Pharmacy Benefits Management (PBM) unit. CVS November option implied volatility is at 43, December, January is at 38; verses its 26 week average of 32. CVS call option volume of 98,227 contracts compares to put volume of 69,068 contracts according to Track Data. CVS average daily volume is 9,800 contracts according to IVolatility. Paul Foster
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