TDOC - CVS Pairs Trade

+1.79%

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1 position on this trade
1 long · 0 short
1 active position
Nick Powell: TDOC - CVS — “Supreme Court preserves mail access to mifepristone, validating telehealth distribution model. This directly reverses the 5th Circuit blocking ruling from May 2. TDOC (Teladoc) benefits from legal clarity on mail-order abortion pill access through telehealth platforms—a core growth driver for the company. CVS Health faces structural headwinds as traditional retail pharmacy competition intensifies from telehealth alternatives and mail-service competitors. The ruling removes regulatory uncertainty that had pressured TDOC and validates the digital health/mail-order pharmaceutical model. News-driven edge is highest in the first week as market reprices telehealth viability post-ruling; longer-term healthcare economics play out over months. This is an asymmetric setup capturing telehealth beneficiary vs. brick-and-mortar pharmacy pressure from expanded mail access. 1-week duration captures maximum alpha from the ruling repricing before market fully absorbs implications.

Entry: May 15, 2026, 8:00 AM · TDOC @ $6.51 / CVS @ $96.20
Exit: May 22, 2026, 11:00 PM · TDOC @ $6.56 / CVS @ $93.50
Prices delayed ~15 min

DateTDOCCVSNet
May 15, 8:00 AM$6.51+0.00%$96.20+0.00%+0.00%
May 15, 9:00 AM$6.53+0.31%$96.67-0.49%-0.09%
May 15, 10:00 AM$6.55+0.61%$96.83-0.65%-0.02%
May 15, 11:00 AM$6.57+0.92%$96.67-0.49%+0.22%
May 15, 12:00 PM$6.52+0.15%$97.00-0.83%-0.34%
May 15, 1:00 PM$6.53+0.31%$97.38-1.22%-0.46%
May 15, 1:30 PM$6.57+0.84%$97.53-1.38%-0.27%
May 15, 2:30 PM$6.40-1.69%$96.70-0.52%-1.10%
May 15, 3:30 PM$6.32-2.84%$96.46-0.26%-1.55%
May 15, 4:30 PM$6.38-2.07%$96.66-0.48%-1.27%
May 15, 5:30 PM$6.36-2.38%$96.31-0.11%-1.25%
May 15, 6:30 PM$6.36-2.23%$96.43-0.24%-1.23%
May 15, 7:30 PM$6.36-2.30%$95.89+0.32%-0.99%
May 15, 8:00 PM$6.35-2.46%$95.89+0.32%-1.07%
May 15, 9:00 PM$6.36-2.30%$95.67+0.55%-0.87%
May 15, 10:00 PM$6.36-2.30%$95.94+0.28%-1.01%
May 15, 11:00 PM$6.37-2.23%$95.83+0.39%-0.92%
May 18, 8:00 AM$6.30-3.21%$95.32+0.92%-1.15%
May 18, 10:00 AM$6.32-2.85%$95.58+0.65%-1.10%
May 18, 11:00 AM$6.35-2.46%$94.98+1.27%-0.59%
May 18, 12:00 PM$6.32-2.92%$95.04+1.21%-0.86%
May 18, 1:00 PM$6.44-1.08%$95.22+1.02%-0.03%
May 18, 1:30 PM$6.49-0.31%$95.53+0.70%+0.20%
May 18, 2:30 PM$6.40-1.69%$95.69+0.53%-0.58%
May 18, 3:30 PM$6.37-2.17%$95.80+0.42%-0.88%
May 18, 4:30 PM$6.40-1.69%$95.70+0.52%-0.58%
May 18, 5:30 PM$6.34-2.53%$95.82+0.40%-1.07%
May 18, 6:30 PM$6.36-2.23%$95.94+0.27%-0.98%
May 18, 7:30 PM$6.34-2.61%$96.02+0.19%-1.21%
May 18, 8:00 PM$6.32-2.92%$96.05+0.16%-1.38%
May 18, 9:00 PM$6.33-2.76%$95.93+0.28%-1.24%
May 18, 10:00 PM$6.35-2.46%$95.96+0.25%-1.10%
May 18, 11:00 PM$6.35-2.46%$95.53+0.70%-0.88%
May 19, 8:00 AM$6.33-2.76%$95.00+1.25%-0.76%
May 19, 9:00 AM$6.30-3.23%$95.53+0.70%-1.26%
May 19, 10:00 AM$6.30-3.23%$95.52+0.71%-1.26%
May 19, 11:00 AM$6.41-1.55%$95.98+0.23%-0.66%
May 19, 12:00 PM$6.35-2.46%$95.78+0.44%-1.01%
May 19, 1:00 PM$6.30-3.23%$95.71+0.51%-1.36%
May 19, 1:30 PM$6.51+0.00%$94.37+1.90%+0.95%
May 19, 2:30 PM$6.59+1.31%$94.75+1.51%+1.41%
May 19, 3:30 PM$6.59+1.23%$95.10+1.15%+1.19%
May 19, 4:30 PM$6.66+2.23%$94.83+1.43%+1.83%
May 19, 5:30 PM$6.60+1.38%$94.90+1.35%+1.37%
May 19, 6:30 PM$6.65+2.15%$94.85+1.41%+1.78%
May 19, 7:30 PM$6.61+1.54%$94.18+2.10%+1.82%
May 19, 8:00 PM$6.65+2.08%$94.02+2.27%+2.18%
May 19, 9:00 PM$6.60+1.38%$94.10+2.18%+1.78%
May 19, 10:00 PM$6.61+1.54%$94.16+2.12%+1.83%
May 19, 11:00 PM$6.61+1.54%$94.13+2.15%+1.85%
May 20, 8:00 AM$6.62+1.69%$94.62+1.64%+1.67%
May 20, 9:00 AM$6.64+2.00%$94.89+1.36%+1.68%
May 20, 11:00 AM$6.63+1.84%$94.18+2.10%+1.97%
May 20, 12:00 PM$6.61+1.54%$94.50+1.77%+1.65%
May 20, 1:00 PM$6.63+1.84%$94.23+2.05%+1.95%
May 20, 1:30 PM$6.53+0.31%$95.24+1.01%+0.66%
May 20, 2:30 PM$6.53+0.31%$94.39+1.88%+1.10%
May 20, 3:30 PM$6.44-1.08%$93.68+2.62%+0.77%
May 20, 4:30 PM$6.41-1.61%$93.64+2.66%+0.53%
May 20, 5:30 PM$6.47-0.69%$93.92+2.38%+0.84%
May 20, 6:30 PM$6.45-0.92%$93.57+2.74%+0.91%
May 20, 7:30 PM$6.47-0.61%$93.29+3.03%+1.21%
May 20, 8:00 PM$6.46-0.77%$93.33+2.98%+1.11%
May 20, 9:00 PM$6.46-0.77%$93.29+3.03%+1.13%
May 20, 10:00 PM$6.43-1.23%$93.20+3.12%+0.95%
May 20, 11:00 PM$6.49-0.31%$93.00+3.33%+1.51%
May 21, 8:00 AM$6.50-0.15%$93.74+2.56%+1.20%
May 21, 9:00 AM$6.47-0.61%$93.03+3.30%+1.34%
May 21, 10:00 AM$6.39-1.84%$95.00+1.25%-0.30%
May 21, 11:00 AM$6.45-0.92%$93.00+3.33%+1.20%
May 21, 12:00 PM$6.44-1.08%$92.97+3.36%+1.14%
May 21, 1:00 PM$6.42-1.38%$92.81+3.53%+1.07%
May 21, 1:30 PM$6.36-2.30%$93.04+3.29%+0.49%
May 21, 2:30 PM$6.42-1.38%$93.70+2.60%+0.61%
May 21, 3:30 PM$6.39-1.84%$93.66+2.64%+0.40%
May 21, 4:30 PM$6.45-0.84%$93.63+2.67%+0.91%
May 21, 5:30 PM$6.53+0.23%$93.21+3.11%+1.67%
May 21, 6:30 PM$6.50-0.15%$93.16+3.16%+1.50%
May 21, 7:30 PM$6.56+0.77%$93.33+2.99%+1.88%
May 21, 8:00 PM$6.56+0.77%$92.52+3.82%+2.30%
May 21, 9:00 PM$6.45-0.92%$93.00+3.33%+1.20%
May 21, 10:00 PM$6.57+0.92%$92.82+3.51%+2.22%
May 21, 11:00 PM$6.57+0.90%$93.36+2.95%+1.93%
May 22, 8:00 AM$6.60+1.38%$93.20+3.12%+2.25%
May 22, 9:00 AM$6.57+0.92%$93.36+2.95%+1.94%
May 22, 10:00 AM$6.56+0.77%$93.62+2.68%+1.73%
May 22, 11:00 AM$6.55+0.69%$93.20+3.12%+1.91%
May 22, 12:00 PM$6.56+0.77%$93.38+2.94%+1.85%
May 22, 1:00 PM$6.58+1.08%$93.30+3.02%+2.05%
May 22, 1:30 PM$6.53+0.38%$93.89+2.40%+1.39%
May 22, 2:30 PM$6.55+0.54%$93.61+2.69%+1.62%
May 22, 3:30 PM$6.57+1.00%$93.67+2.63%+1.82%
May 22, 4:30 PM$6.64+2.00%$93.74+2.56%+2.28%
May 22, 5:30 PM$6.61+1.54%$93.59+2.72%+2.13%
May 22, 6:30 PM$6.59+1.15%$93.67+2.63%+1.89%
May 22, 7:30 PM$6.57+1.00%$93.27+3.05%+2.02%
May 22, 8:00 PM$6.62+1.69%$93.26+3.06%+2.37%
May 22, 9:00 PM$6.57+0.92%$93.10+3.22%+2.07%
May 22, 10:00 PM$6.55+0.61%$93.16+3.16%+1.89%
May 22, 11:00 PM$6.56+0.76%$93.50+2.81%+1.79%