Whales with a lot of money to spend have taken a noticeably bullish 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 55% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $1,133,806 and 6, calls, for a total amount of $548,539.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $62.5 for CVS Health during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $45.0 to $62.5 in 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 | TRADE | BULLISH | 01/17/25 | $7.1 | $6.95 | $6.96 | $62.50 | $1.0M | 4.3K | 1.6K |
| CVS | CALL | TRADE | BULLISH | 12/18/26 | $17.15 | $15.1 | $16.5 | $45.00 | $163.3K | 593 | 100 |
| CVS | CALL | SWEEP | BULLISH | 10/11/24 | $1.82 | $1.64 | $1.84 | $58.00 | $119.3K | 88 | 1.0K |
| CVS | CALL | SWEEP | BEARISH | 01/17/25 | $9.55 | $9.45 | $9.45 | $50.00 | $99.2K | 1.2K | 115 |
| CVS | CALL | SWEEP | BULLISH | 01/17/25 | $3.6 | $3.45 | $3.6 | $60.00 | $77.3K | 10.0K | 251 |
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.
Present Market Standing of CVS Health
- Currently trading with a volume of 3,408,776, the CVS's price is up by 0.56%, now at $57.89.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 43 days.
What Analysts Are Saying About CVS Health
3 market experts have recently issued ratings for this stock, with a consensus target price of $64.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from RBC Capital downgraded its action to Outperform with a price target of $68. * An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $62. * An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $62.
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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