Financial giants have made a conspicuous bullish move on CVS Health. Our analysis of options history for CVS Health CVS revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $334,981, and 4 were calls, valued at $218,909.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $82.5 for CVS Health over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CVS Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CVS Health's significant trades, within a strike price range of $50.0 to $82.5, over the past month.
CVS Health Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVS | PUT | SWEEP | BULLISH | 06/21/24 | $82.50 | $89.2K | 599 | 92 |
| CVS | CALL | TRADE | BEARISH | 02/09/24 | $75.00 | $84.5K | 845 | 3.1K |
| CVS | CALL | SWEEP | BULLISH | 03/15/24 | $50.00 | $60.5K | 110 | 25 |
| CVS | PUT | SWEEP | BULLISH | 06/21/24 | $82.50 | $58.9K | 599 | 267 |
| CVS | PUT | SWEEP | BULLISH | 05/17/24 | $75.00 | $55.4K | 1.0K | 0 |
About CVS Health
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
After a thorough review of the options trading surrounding CVS Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is CVS Health Standing Right Now?
- Currently trading with a volume of 1,827,760, the CVS's price is down by -0.31%, now at $73.69.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 5 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CVS Health options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
