Benzinga's options scanner just detected over 8 options trades for CVS Health CVS summing a total amount of $232,675.
At the same time, our algo caught 4 for a total amount of 175,945.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $67.5 to $100.0 for CVS Health over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for CVS Health's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of CVS Health's whale trades within a strike price range from $67.5 to $100.0 in the last 30 days.
CVS Health Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVS | PUT | SWEEP | BEARISH | 08/16/24 | $87.50 | $69.7K | 213 | 63 |
| CVS | CALL | TRADE | BULLISH | 04/19/24 | $78.00 | $44.6K | 0 | 8 |
| CVS | PUT | SWEEP | BULLISH | 04/19/24 | $84.00 | $37.2K | 0 | 69 |
| CVS | PUT | SWEEP | BULLISH | 04/19/24 | $100.00 | $34.7K | 46 | 15 |
| CVS | PUT | SWEEP | BULLISH | 04/19/24 | $100.00 | $34.2K | 46 | 45 |
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.
In light of the recent options history for CVS Health, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of CVS Health
- With a trading volume of 2,045,260, the price of CVS is down by -0.04%, reaching $77.37.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 44 days from now.
What The Experts Say On CVS Health
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $86.66666666666667.
- An analyst from Leerink Partners downgraded its action to Outperform with a price target of $88.
- In a cautious move, an analyst from Barclays downgraded its rating to Equal-Weight, setting a price target of $78.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for CVS Health, targeting a price of $94.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for CVS Health, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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