Financial giants have made a conspicuous bearish move on CVS Health. Our analysis of options history for CVS Health CVS revealed 16 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $456,838, and 11 were calls, valued at $836,556.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $68.0 to $75.0 for CVS Health over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in CVS Health's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to CVS Health's substantial trades, within a strike price spectrum from $68.0 to $75.0 over the preceding 30 days.
CVS Health Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVS | CALL | SWEEP | NEUTRAL | 03/01/24 | $73.00 | $220.0K | 80 | 1.0K |
| CVS | PUT | SWEEP | BEARISH | 03/22/24 | $70.00 | $152.7K | 0 | 999 |
| CVS | PUT | SWEEP | BULLISH | 03/08/24 | $71.00 | $134.1K | 44 | 663 |
| CVS | CALL | TRADE | BULLISH | 03/01/24 | $73.00 | $123.0K | 80 | 3.0K |
| CVS | CALL | SWEEP | BEARISH | 01/17/25 | $72.50 | $108.5K | 1.3K | 446 |
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.
Following our analysis of the options activities associated with CVS Health, we pivot to a closer look at the company's own performance.
CVS Health's Current Market Status
- Currently trading with a volume of 5,700,750, the CVS's price is up by 0.01%, now at $73.1.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 2 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for CVS Health with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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