CVS Health Unusual Options Activity For June 05

High-rolling investors have positioned themselves bullish on CVS Health CVS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CVS often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 14 options trades for CVS Health. This is not a typical pattern.

The sentiment among these major traders is split, with 64% bullish and 35% bearish. Among all the options we identified, there was one put, amounting to $53,250, and 13 calls, totaling $684,501.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $57.5 and $65.0 for CVS Health, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CVS Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CVS Health's significant trades, within a strike price range of $57.5 to $65.0, over the past month.

CVS Health 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CVS CALL SWEEP BULLISH 01/17/25 $3.85 $3.7 $3.84 $65.00 $76.8K 2.6K 214
CVS CALL TRADE BEARISH 01/17/25 $3.85 $3.8 $3.8 $65.00 $76.0K 2.6K 614
CVS CALL TRADE BEARISH 01/17/25 $3.85 $3.8 $3.8 $65.00 $76.0K 2.6K 414
CVS CALL TRADE BEARISH 01/17/25 $3.8 $3.75 $3.75 $65.00 $75.0K 2.6K 1.0K
CVS CALL SWEEP BULLISH 07/19/24 $3.7 $3.55 $3.7 $57.50 $70.6K 3.1K 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 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.

Following our analysis of the options activities associated with CVS Health, we pivot to a closer look at the company's own performance.

CVS Health's Current Market Status

  • With a trading volume of 2,717,293, the price of CVS is up by 0.03%, reaching $60.28.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 56 days from now.

Expert Opinions on CVS Health

In the last month, 5 experts released ratings on this stock with an average target price of $69.2.

  • Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on CVS Health with a target price of $86.
  • An analyst from Wells Fargo persists with their Equal-Weight rating on CVS Health, maintaining a target price of $60.
  • Maintaining their stance, an analyst from Argus Research continues to hold a Buy rating for CVS Health, targeting a price of $80.
  • An analyst from Baird downgraded its action to Neutral with a price target of $61.
  • Reflecting concerns, an analyst from TD Cowen lowers its rating to Hold with a new price target of $59.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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