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Deep-pocketed investors have adopted a bearish approach towards CVS Health (NYSE: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 14 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 35% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $359,888, and 8 are calls, amounting to $809,996.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $92.5 for CVS Health during the past quarter.
In today's trading context, the average open interest for options of CVS Health stands at 866.15, with a total volume reaching 2,709.00. 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 $50.0 to $92.5, throughout the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CVS | CALL | TRADE | BEARISH | 01/16/26 | $5.3 | $4.85 | $5.0 | $65.00 | $500.0K | 234 | 1.0K |
CVS | PUT | SWEEP | BEARISH | 11/15/24 | $10.1 | $10.05 | $10.1 | $65.00 | $95.9K | 259 | 74 |
CVS | PUT | SWEEP | BEARISH | 09/20/24 | $7.4 | $7.3 | $7.4 | $62.50 | $85.8K | 692 | 140 |
CVS | CALL | TRADE | BEARISH | 06/20/25 | $8.4 | $7.7 | $7.75 | $55.00 | $77.5K | 765 | 20 |
CVS | PUT | SWEEP | BEARISH | 11/15/24 | $10.15 | $10.0 | $10.1 | $65.00 | $73.7K | 259 | 0 |
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.
After a thorough review of the options trading surrounding CVS Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
In the last month, 5 experts released ratings on this stock with an average target price of $72.2.
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.
Posted In: CVS