CI has been thrown into the grinder lately. Just look at the chart this thing got absolutely crushed from the 330s in May all the way down to 258 in November. That's a faceplant. But the bounce off those lows and the recent chop around the high 260s and 270s sets up an opportunity I'm not passing on.

Here's the deal: the market got way too spooked over managed care margin pressure and lost sight of the core earnings machine. CI's pharmacy benefit segment is still a juggernaut. Membership hasn't fallen off a cliff. If they give even a whiff of margin stabilization or announce a buyback ramp at the next earnings print, this rerates fast. My target is 315.00, which is right around the August bounce back zone and totally doable with a modest multiple recovery.

Yeah, I know, everyone is sweating regulatory noise and Medicare mix. Fine, that's the risk. If CMS cracks down harder than expected, the stock will get tagged again. But that's already partly priced in after this multi month slide, and sentiment here is as washed out as it gets for a name this solid.

Earnings in a few weeks are the obvious spark. If CI shows even stable outlook or guides up costs, shorts will scramble. I'm not saying it's risk free, but I am saying the snapback potential is huge. Sitting here at 265.87, it's worth swinging for 315.00.