CVS240524P00052500 Option on CVS Health Corp
| CVS Stock | USD 61.78 0.84 1.38% |
CVS Health's latest option contracts expiring on 2024-06-14 are carrying combined implied volatility of 29.53 with a put-to-call open interest ratio of 0.5 over 78 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-06-14. The current put volume is at 2.5 K, with calls trading at the volume of 24.4 K. This yields a 0.1 put-to-call volume ratio.
Open Interest Against 2024-06-14 Option Contracts
CVS Health option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in CVS Health's lending market. For example, when CVS Health's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on CVS Health, he or she must hedge the risk by shorting CVS Health stock over its option's life.
2024-06-14
The chart above shows CVS Health's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. CVS Health's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for CVS Health's option, there is no secondary market available for investors to trade.
CVS Health Maximum Pain Price across 2024-06-14 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as CVS Health close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
CVS Health's option chain provides insight into all available option contracts written on CVS Health's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of CVS Health's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given CVS option contract.
In The Money vs. Out of Money Option Contracts on CVS Health
Analyzing CVS Health's in-the-money options over time can help investors to take a profitable long position in CVS Health regardless of its overall volatility. This is especially true when CVS Health's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money CVS Health's options could be used as guardians of the underlying stock as they move almost dollar for dollar with CVS Health's stock while costing only a fraction of its price.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVS Health Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
CVS Health Corp In The Money Call Balance
When CVS Health's strike price is surpassing the current stock price, the option contract against CVS Health Corp stock is said to be in the money. When it comes to buying CVS Health's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on CVS Health Corp are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
CVS Current Options Market Mood
CVS Health's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps CVS Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of CVS Health's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. CVS Health's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current CVS Health's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current CVS contract
Base on the Rule 16, the options market is currently suggesting that CVS Health Corp will have an average daily up or down price movement of about 1.85% per day over the life of the 2024-06-14 option contract. With CVS Health trading at USD 61.78, that is roughly USD 1.14. If you think that the market is fully incorporating CVS Health's daily price movement you should consider buying CVS Health Corp options at the current volatility level of 29.53%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
CVS |
Purchasing CVS Health options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" CVS calls. Remember, the seller must deliver CVS Health Corp stock to the call owner when a call is exercised.
CVS Health Option Chain
When CVS Health's strike price is surpassing the current stock price, the option contract against CVS Health Corp stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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CVS Health's option chain is a display of a range of information that helps investors for ways to trade options on CVS. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for CVS. It also shows strike prices and maturity days for a CVS Health against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-06-14 CALL at $40.0 | 0.876 | 0.007 | 0 | 2024-06-14 | 19.5 - 24.0 | 0.0 | In |
Call | 2024-06-14 CALL at $41.0 | 0.8734 | 0.0075 | 0 | 2024-06-14 | 18.5 - 22.9 | 0.0 | In |
Call | 2024-06-14 CALL at $42.0 | 0.8655 | 0.0081 | 0 | 2024-06-14 | 17.5 - 22.0 | 0.0 | In |
Call | 2024-06-14 CALL at $43.0 | 0.8598 | 0.0087 | 0 | 2024-06-14 | 16.5 - 21.0 | 0.0 | In |
Call | 2024-06-14 CALL at $44.0 | 0.8537 | 0.0093 | 0 | 2024-06-14 | 15.5 - 20.0 | 0.0 | In |
Call | 2024-06-14 CALL at $45.0 | 0.8811 | 0.0104 | 0 | 2024-06-14 | 15.4 - 18.05 | 0.0 | In |
Call | 2024-06-14 CALL at $46.0 | 0.9254 | 0.0103 | 0 | 2024-06-14 | 15.65 - 16.9 | 0.0 | In |
Call | 2024-06-14 CALL at $47.0 | 0.9237 | 0.0112 | 0 | 2024-06-14 | 14.4 - 16.1 | 0.0 | In |
Call | 2024-06-14 CALL at $48.0 | 0.8972 | 0.0133 | 1 | 2024-06-14 | 13.75 - 15.25 | 7.3 | In |
Call | 2024-06-14 CALL at $49.0 | 0.9094 | 0.0141 | 0 | 2024-06-14 | 12.75 - 13.85 | 0.0 | In |
Call | 2024-06-14 CALL at $50.0 | 0.8915 | 0.0162 | 7 | 2024-06-14 | 11.75 - 13.1 | 11.67 | In |
Call | 2024-06-14 CALL at $51.0 | 0.8822 | 0.0183 | 3 | 2024-06-14 | 10.75 - 12.15 | 9.5 | In |
Call | 2024-06-14 CALL at $51.5 | 0.8608 | 0.0195 | 0 | 2024-06-14 | 10.25 - 12.05 | 0.0 | In |
Call | 2024-06-14 CALL at $52.0 | 0.9174 | 0.0189 | 5 | 2024-06-14 | 8.75 - 11.45 | 3.55 | In |
Call | 2024-06-14 CALL at $52.5 | 0.8494 | 0.022 | 6 | 2024-06-14 | 9.25 - 11.1 | 6.57 | In |
Call | 2024-06-14 CALL at $53.0 | 0.8705 | 0.0235 | 44 | 2024-06-14 | 8.75 - 10.05 | 5.74 | In |
Call | 2024-06-14 CALL at $53.5 | 0.8628 | 0.0252 | 63 | 2024-06-14 | 7.7 - 10.15 | 1.57 | In |
Call | 2024-06-14 CALL at $54.0 | 0.8946 | 0.0261 | 438 | 2024-06-14 | 6.8 - 9.25 | 8.15 | In |
Call | 2024-06-14 CALL at $55.0 | 0.9804 | 0.0131 | 191 | 2024-06-14 | 6.0 - 7.85 | 6.81 | In |
Call | 2024-06-14 CALL at $56.0 | 0.7385 | 0.0294 | 205 | 2024-06-14 | 5.05 - 7.7 | 5.72 | In |
Call | 2024-06-14 CALL at $57.0 | 0.843 | 0.0465 | 323 | 2024-06-14 | 4.8 - 5.65 | 4.75 | In |
Call | 2024-06-14 CALL at $58.0 | 0.7564 | 0.0518 | 379 | 2024-06-14 | 3.35 - 4.7 | 3.78 | In |
Call | 2024-06-14 CALL at $59.0 | 0.8782 | 0.081 | 510 | 2024-06-14 | 2.85 - 3.15 | 2.94 | In |
Call | 2024-06-14 CALL at $60.0 | 0.8384 | 0.131 | 1626 | 2024-06-14 | 1.9 - 2.31 | 1.95 | In |
Call | 2024-06-14 CALL at $61.0 | 0.6464 | 0.1674 | 1268 | 2024-06-14 | 1.29 - 1.37 | 1.38 | In |
Call | 2024-06-14 CALL at $62.0 | 0.4678 | 0.1856 | 5658 | 2024-06-14 | 0.74 - 0.77 | 0.78 | Out |
Call | 2024-06-14 CALL at $63.0 | 0.294 | 0.1607 | 367 | 2024-06-14 | 0.37 - 0.41 | 0.39 | Out |
Call | 2024-06-14 CALL at $64.0 | 0.1702 | 0.1133 | 243 | 2024-06-14 | 0.19 - 0.22 | 0.2 | Out |
Call | 2024-06-14 CALL at $65.0 | 0.0988 | 0.0727 | 967 | 2024-06-14 | 0.1 - 0.11 | 0.11 | Out |
Call | 2024-06-14 CALL at $66.0 | 0.0626 | 0.047 | 249 | 2024-06-14 | 0.06 - 0.09 | 0.07 | Out |
Call | 2024-06-14 CALL at $67.0 | 0.0432 | 0.0319 | 256 | 2024-06-14 | 0.04 - 0.08 | 0.05 | Out |
Call | 2024-06-14 CALL at $68.0 | 0.0328 | 0.0231 | 124 | 2024-06-14 | 0.03 - 0.07 | 0.04 | Out |
Call | 2024-06-14 CALL at $69.0 | 0.0239 | 0.0166 | 100 | 2024-06-14 | 0.03 - 0.1 | 0.03 | Out |
Call | 2024-06-14 CALL at $70.0 | 0.0219 | 0.0139 | 44 | 2024-06-14 | 0.02 - 0.05 | 0.03 | Out |
Call | 2024-06-14 CALL at $71.0 | 0.0202 | 0.0119 | 14 | 2024-06-14 | 0.02 - 0.04 | 0.03 | Out |
Call | 2024-06-14 CALL at $72.0 | 0.0138 | 0.0083 | 10 | 2024-06-14 | 0.01 - 0.24 | 0.02 | Out |
Call | 2024-06-14 CALL at $75.0 | 0.0066 | 0.0039 | 59 | 2024-06-14 | 0.01 - 0.03 | 0.01 | Out |
Put | 2024-06-14 PUT at $85.0 | -0.9733 | 0.0063 | 0 | 2024-06-14 | 21.3 - 23.3 | 0.0 | In |
Put | 2024-06-14 PUT at $80.0 | -0.9478 | 0.0114 | 0 | 2024-06-14 | 16.7 - 18.4 | 0.0 | In |
Put | 2024-06-14 PUT at $75.0 | -0.9496 | 0.0147 | 0 | 2024-06-14 | 11.0 - 13.35 | 20.39 | In |
Put | 2024-06-14 PUT at $72.0 | -0.9416 | 0.02 | 0 | 2024-06-14 | 9.3 - 10.35 | 0.0 | In |
Put | 2024-06-14 PUT at $71.0 | -0.8202 | 0.0301 | 0 | 2024-06-14 | 8.9 - 11.1 | 0.0 | In |
Put | 2024-06-14 PUT at $70.0 | -0.8825 | 0.0317 | 0 | 2024-06-14 | 7.2 - 9.9 | 0.0 | In |
Put | 2024-06-14 PUT at $69.0 | -0.8919 | 0.0349 | 0 | 2024-06-14 | 6.1 - 8.85 | 0.0 | In |
Put | 2024-06-14 PUT at $68.0 | -0.8337 | 0.0429 | 7 | 2024-06-14 | 4.55 - 6.7 | 14.04 | In |
Put | 2024-06-14 PUT at $67.0 | -0.9133 | 0.0439 | 0 | 2024-06-14 | 3.95 - 5.35 | 12.41 | In |
Put | 2024-06-14 PUT at $66.0 | -0.9021 | 0.056 | 2 | 2024-06-14 | 3.6 - 4.35 | 10.43 | In |
Put | 2024-06-14 PUT at $65.0 | -0.9522 | 0.0535 | 1 | 2024-06-14 | 2.93 - 3.4 | 3.25 | In |
Put | 2024-06-14 PUT at $64.0 | -0.7822 | 0.1087 | 1 | 2024-06-14 | 1.0 - 2.54 | 2.58 | In |
Put | 2024-06-14 PUT at $63.0 | -0.7144 | 0.1654 | 14 | 2024-06-14 | 1.43 - 1.63 | 1.57 | In |
Put | 2024-06-14 PUT at $62.0 | -0.5355 | 0.1996 | 22 | 2024-06-14 | 0.88 - 0.93 | 0.85 | In |
Put | 2024-06-14 PUT at $61.0 | -0.3414 | 0.1809 | 358 | 2024-06-14 | 0.43 - 0.48 | 0.47 | Out |
Put | 2024-06-14 PUT at $60.0 | -0.1841 | 0.1293 | 630 | 2024-06-14 | 0.18 - 0.23 | 0.21 | Out |
Put | 2024-06-14 PUT at $59.0 | -0.0951 | 0.0765 | 325 | 2024-06-14 | 0.09 - 0.11 | 0.1 | Out |
Put | 2024-06-14 PUT at $58.0 | -0.0558 | 0.0452 | 1093 | 2024-06-14 | 0.05 - 0.12 | 0.06 | Out |
Put | 2024-06-14 PUT at $57.0 | -0.0801 | 0.041 | 464 | 2024-06-14 | 0.03 - 0.24 | 0.02 | Out |
Put | 2024-06-14 PUT at $56.0 | -0.0184 | 0.0153 | 206 | 2024-06-14 | 0.02 - 0.04 | 0.02 | Out |
Put | 2024-06-14 PUT at $55.0 | -0.0094 | 0.0082 | 349 | 2024-06-14 | 0.01 - 0.03 | 0.01 | Out |
Put | 2024-06-14 PUT at $54.0 | -0.0144 | 0.0094 | 492 | 2024-06-14 | 0.01 - 0.03 | 0.02 | Out |
Put | 2024-06-14 PUT at $53.5 | -0.0136 | 0.0085 | 640 | 2024-06-14 | 0.01 - 0.08 | 0.02 | Out |
Put | 2024-06-14 PUT at $53.0 | -0.013 | 0.0077 | 246 | 2024-06-14 | 0.01 - 0.53 | 0.02 | Out |
Put | 2024-06-14 PUT at $52.5 | -0.0123 | 0.007 | 78 | 2024-06-14 | 0.01 - 0.03 | 0.02 | Out |
Put | 2024-06-14 PUT at $52.0 | -0.0316 | 0.012 | 1107 | 2024-06-14 | 0.01 - 0.14 | 0.02 | Out |
Put | 2024-06-14 PUT at $50.0 | -0.0058 | 0.0031 | 136 | 2024-06-14 | 0.0 - 0.23 | 0.01 | Out |
Put | 2024-06-14 PUT at $49.0 | -0.0093 | 0.004 | 27 | 2024-06-14 | 0.0 - 0.05 | 0.02 | Out |
CVS Health Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
CVS Health Market Cap Over Time
Market Cap |
| Timeline |
CVS Total Stockholder Equity
Total Stockholder Equity |
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CVS Health Corporate Directors
| Edward Ludwig | Independent Director | Profile | |
| Mary Schapiro | Independent Director | Profile | |
| Fernando Aguirre | Independent Director | Profile | |
| NancyAnn DeParle | Independent Director | Profile |
Additional Tools for CVS Stock Analysis
When running CVS Health's price analysis, check to measure CVS Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.