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 12 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 41% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $270,920, and 8 are calls, amounting to $672,873.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $80.0 for CVS Health over the recent three months.
Volume & Open Interest Trends
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 $55.0 to $80.0 in the last 30 days.
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 | 01/16/26 | $4.45 | $4.4 | $4.45 | $70.00 | $394.3K | 20.4K | 0 |
| CVS | PUT | SWEEP | NEUTRAL | 08/16/24 | $1.28 | $1.2 | $1.25 | $55.00 | $153.1K | 4.9K | 86 |
| CVS | CALL | SWEEP | BEARISH | 07/19/24 | $1.3 | $1.29 | $1.29 | $59.00 | $85.2K | 1.9K | 2.0K |
| CVS | PUT | TRADE | BEARISH | 02/21/25 | $22.1 | $21.35 | $21.88 | $80.00 | $45.9K | 0 | 0 |
| CVS | CALL | SWEEP | BEARISH | 07/19/24 | $1.3 | $1.28 | $1.29 | $59.00 | $43.6K | 1.9K | 2.0K |
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.
In light of the recent options history for CVS Health, it's now appropriate to focus on the company itself. We aim to explore its current performance.
CVS Health's Current Market Status
- Currently trading with a volume of 4,829,615, the CVS's price is down by -0.02%, now at $58.2.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 26 days.
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.