Whales with a lot of money to spend have taken a noticeably bearish stance on CVS Health.
Looking at options history for CVS Health CVS we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $88,449 and 7, calls, for a total amount of $526,927.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $82.5 for CVS Health during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of CVS Health stands at 1667.0, with a total volume reaching 1,348.00. 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 $65.0 to $82.5, throughout the last 30 days.
CVS Health Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVS | CALL | SWEEP | BEARISH | 01/19/24 | $72.50 | $132.0K | 3.6K | 30 |
| CVS | CALL | SWEEP | BEARISH | 01/05/24 | $78.00 | $126.0K | 229 | 1.0K |
| CVS | CALL | TRADE | BEARISH | 01/17/25 | $65.00 | $100.3K | 944 | 59 |
| CVS | CALL | TRADE | NEUTRAL | 12/29/23 | $77.00 | $60.9K | 1.1K | 35 |
| CVS | PUT | TRADE | BULLISH | 01/17/25 | $82.50 | $58.5K | 294 | 64 |
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.
Having examined the options trading patterns of CVS Health, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
CVS Health's Current Market Status
- With a trading volume of 1,774,052, the price of CVS is down by -0.19%, reaching $78.82.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 40 days from now.
What Analysts Are Saying About CVS Health
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $96.5.
- An analyst from TD Cowen has decided to maintain their Outperform rating on CVS Health, which currently sits at a price target of $99.
- In a cautious move, an analyst from HSBC downgraded its rating to Buy, setting a price target of $94.
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.
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