Deep-pocketed investors have adopted a bullish approach towards CVS Health CVS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for CVS Health. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 6 are puts, totaling $904,367, and 3 are calls, amounting to $88,505.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $52.5 to $75.0 for CVS Health over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of CVS Health stands at 1951.75, with a total volume reaching 1,669.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in CVS Health, situated within the strike price corridor from $52.5 to $75.0, throughout the last 30 days.
CVS Health Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVS | PUT | SWEEP | BEARISH | 05/16/25 | $22.2 | $22.15 | $22.2 | $75.00 | $466.2K | 273 | 210 |
| CVS | PUT | TRADE | BULLISH | 03/21/25 | $17.15 | $16.95 | $16.95 | $70.00 | $152.5K | 131 | 90 |
| CVS | PUT | SWEEP | BEARISH | 01/17/25 | $5.0 | $4.7 | $4.75 | $57.50 | $143.8K | 11.1K | 465 |
| CVS | PUT | SWEEP | BULLISH | 01/24/25 | $6.45 | $4.6 | $4.6 | $57.00 | $81.4K | 157 | 179 |
| CVS | PUT | SWEEP | BULLISH | 05/16/25 | $9.1 | $8.85 | $8.95 | $60.00 | $34.9K | 989 | 70 |
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 us. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 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.
Present Market Standing of CVS Health
- Currently trading with a volume of 487,878, the CVS's price is down by -2.86%, now at $53.58.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 56 days.
What Analysts Are Saying About CVS Health
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $67.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on CVS Health with a target price of $58. * An analyst from Piper Sandler persists with their Overweight rating on CVS Health, maintaining a target price of $64. * An analyst from TD Cowen persists with their Buy rating on CVS Health, maintaining a target price of $80. * An analyst from Deutsche Bank upgraded its action to Buy with a price target of $66. * In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $67.
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
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
