Deep-pocketed investors have adopted a bullish 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 52 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 42% leaning bullish and 40% bearish. Among these notable options, 28 are puts, totaling $3,134,885, and 24 are calls, amounting to $1,525,797.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $75.0 for CVS Health over the recent three months.

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 $35.0 to $75.0 in the last 30 days.

CVS Health Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About CVS Health

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

Where Is CVS Health Standing Right Now?

• With a volume of 15,221,963, the price of CVS is down -4.48% at $44.51.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 50 days.

Expert Opinions on CVS Health

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $68.6.

Turn $1000 into $1270 in just 20 days?

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.