CVS Health Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish 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 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.

What's The Price Target?

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.

Volume & Open Interest Development

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.

CVS Health 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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

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.

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.

CVS Health's Current Market Status

  • With a volume of 11,616,819, the price of CVS is down -0.36% at $55.77.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 85 days.

Expert Opinions on CVS Health

In the last month, 5 experts released ratings on this stock with an average target price of $72.2.

  • An analyst from B of A Securities persists with their Buy rating on CVS Health, maintaining a target price of $77.
  • Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on CVS Health with a target price of $76.
  • An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $87.
  • Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $58.
  • Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on CVS Health with a target price of $63.

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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Posted In: OptionsMarketsBZI-UOA
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