2024-09-27 PUT at $47.5 Option on CVS Health Corp
| CVS Stock | USD 57.51 0.89 1.52% |
2024-09-27 PUT at $47.5 is a PUT option contract on CVS Health's common stock with a strick price of 47.5 expiring on 2024-09-27. The contract was not traded in recent days and, as of today, has 5 days remaining before the expiration. The option is currently trading at a bid price of $0.01, and an ask price of $0.05. The implied volatility as of the 22nd of September is 65.52.
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CVS |
A put option written on CVS Health becomes more valuable as the price of CVS Health drops. Conversely, CVS Health's put option loses its value as CVS Stock rises. When exercised, put options on CVS Health produce a short position in CVS Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on CVS Health's downside price movement.
Rule 16 of 2024-09-27 Option Contract
The options market is anticipating that CVS Health Corp will have an average daily up or down price movement of about 4.1% per day over the life of the option. With CVS Health trading at USD 57.51, that is roughly USD 2.36. If you think that the market is fully understating CVS Health's daily price movement you should consider buying CVS Health Corp options at that current volatility level of 65.52%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on CVS Health
An 'Out of The Money' option on CVS has a strike price that CVS Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for CVS Health's 'Out of The Money' options include buying the options if you expect a big move in CVS Health's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Put Contract Name | 2024-09-27 PUT at $47.5 |
| Expires On | 2024-09-27 |
| Days Before Expriration | 5 |
| Last Traded On | 0000-00-00 00:00:00 |
| Contract Period | WEEKLY |
| Open Interest | 0 |
| Current Trading Volume | 0.0 |
| Strike Price | 47.5 |
| Last Traded At | 0.0 |
| Current Price Spread | 0.01 | 0.05 |
| Rule 16 Daily Up or Down | USD2.36 |
CVS short PUT Option Greeks
CVS Health's Option Greeks for the contract ending on 2024-09-27 at a strike price of 47.5 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to CVS Health's option greeks, its implied volatility helps estimate the risk of CVS Health stock implied by the prices of the options on CVS Health's stock.
| Delta | -0.0156 | |
| Gamma | 0.0075 | |
| Theta | -0.0146 | |
| Vega | 0.0031 | |
| Rho | -2.0E-4 |
CVS long PUT Option Payoff at expiration
Put options written on CVS Health grant holders of the option the right to sell a specified amount of CVS Health at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of CVS Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on CVS Health is like buying insurance aginst CVS Health's downside shift.
Profit |
| CVS Health Price At Expiration |
CVS short PUT Option Payoff at expiration
By selling CVS Health's put option, the investors signal their bearish sentiment. A short position in a put option written on CVS Health will generally make money when the underlying price is above the strike price. Therefore CVS Health's put payoff at expiration depends on where the CVS Stock price is relative to the put option strike price. The breakeven price of 47.47 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to CVS Health's price. Finally, at the strike price of 47.5, the payoff chart is constant and positive.
Profit |
| CVS Health Price At Expiration |
CVS Health Corp Available Put Options
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 | |||
Put | 2024-09-27 PUT at $46.5 | -0.0061 | 0.0035 | 0 | 2024-09-27 | 0.0 - 0.05 | 0.01 | Out |
Put | 2024-09-27 PUT at $47.0 | -0.0064 | 0.0038 | 25 | 2024-09-27 | 0.01 - 0.05 | 0.01 | Out |
Put | 2024-09-27 PUT at $47.5 | -0.0156 | 0.0075 | 0 | 2024-09-27 | 0.01 - 0.05 | 0.0 | Out |
Put | 2024-09-27 PUT at $48.0 | -0.0164 | 0.0082 | 17 | 2024-09-27 | 0.01 - 0.05 | 0.11 | Out |
Put | 2024-09-27 PUT at $48.5 | -0.0073 | 0.005 | 0 | 2024-09-27 | 0.01 - 0.05 | 0.01 | Out |
Put | 2024-09-27 PUT at $49.0 | -0.0132 | 0.008 | 34 | 2024-09-27 | 0.01 - 0.05 | 0.02 | Out |
Put | 2024-09-27 PUT at $49.5 | -0.0189 | 0.0109 | 1 | 2024-09-27 | 0.01 - 0.05 | 0.01 | Out |
Put | 2024-09-27 PUT at $50.0 | -0.02 | 0.0121 | 852 | 2024-09-27 | 0.01 - 0.05 | 0.01 | Out |
Put | 2024-09-27 PUT at $51.0 | -0.0225 | 0.0153 | 47 | 2024-09-27 | 0.01 - 0.05 | 0.03 | Out |
Put | 2024-09-27 PUT at $52.0 | -0.0317 | 0.0225 | 58 | 2024-09-27 | 0.02 - 0.04 | 0.04 | Out |
Put | 2024-09-27 PUT at $53.0 | -0.0432 | 0.033 | 220 | 2024-09-27 | 0.02 - 0.05 | 0.05 | Out |
Put | 2024-09-27 PUT at $54.0 | -0.0587 | 0.0499 | 242 | 2024-09-27 | 0.05 - 0.08 | 0.06 | Out |
Put | 2024-09-27 PUT at $55.0 | -0.1181 | 0.0897 | 523 | 2024-09-27 | 0.11 - 0.15 | 0.13 | Out |
Put | 2024-09-27 PUT at $56.0 | -0.2196 | 0.1457 | 720 | 2024-09-27 | 0.25 - 0.29 | 0.26 | Out |
Put | 2024-09-27 PUT at $57.0 | -0.3909 | 0.1928 | 563 | 2024-09-27 | 0.54 - 0.58 | 0.56 | Out |
Put | 2024-09-27 PUT at $58.0 | -0.5968 | 0.209 | 1121 | 2024-09-27 | 1.01 - 1.07 | 1.01 | In |
Put | 2024-09-27 PUT at $59.0 | -0.7484 | 0.1495 | 164 | 2024-09-27 | 1.64 - 1.83 | 1.8 | In |
Put | 2024-09-27 PUT at $60.0 | -0.8371 | 0.1015 | 30 | 2024-09-27 | 2.52 - 2.83 | 2.69 | In |
Put | 2024-09-27 PUT at $61.0 | -0.9332 | 0.0581 | 1 | 2024-09-27 | 3.45 - 3.65 | 2.68 | In |
Put | 2024-09-27 PUT at $62.0 | -0.9597 | 0.0354 | 12 | 2024-09-27 | 4.4 - 4.65 | 4.02 | In |
Put | 2024-09-27 PUT at $63.0 | -0.737 | 0.0436 | 0 | 2024-09-27 | 4.45 - 6.6 | 5.35 | In |
Put | 2024-09-27 PUT at $64.0 | -0.9859 | 0.0129 | 0 | 2024-09-27 | 6.4 - 6.6 | 0.0 | In |
Put | 2024-09-27 PUT at $65.0 | -0.9873 | 0.0219 | 0 | 2024-09-27 | 7.35 - 7.65 | 6.73 | In |
Put | 2024-09-27 PUT at $66.0 | -0.973 | 0.0154 | 0 | 2024-09-27 | 8.4 - 8.65 | 0.0 | In |
Put | 2024-09-27 PUT at $67.0 | -0.9177 | 0.0249 | 0 | 2024-09-27 | 8.65 - 9.7 | 0.0 | In |
Put | 2024-09-27 PUT at $68.0 | -0.9895 | 0.0067 | 0 | 2024-09-27 | 10.35 - 10.65 | 0.0 | In |
Put | 2024-09-27 PUT at $69.0 | -0.9775 | 0.0104 | 0 | 2024-09-27 | 11.4 - 11.65 | 0.0 | In |
Put | 2024-09-27 PUT at $70.0 | -0.9906 | 0.0053 | 0 | 2024-09-27 | 12.35 - 12.65 | 0.0 | In |
Put | 2024-09-27 PUT at $71.0 | -0.991 | 0.0048 | 0 | 2024-09-27 | 13.35 - 13.65 | 0.0 | In |
Put | 2024-09-27 PUT at $72.0 | -0.9643 | 0.0113 | 0 | 2024-09-27 | 14.35 - 14.8 | 0.0 | In |
Put | 2024-09-27 PUT at $73.0 | -0.9811 | 0.0071 | 0 | 2024-09-27 | 15.4 - 15.65 | 0.0 | In |
Put | 2024-09-27 PUT at $74.0 | -0.9667 | 0.0097 | 0 | 2024-09-27 | 16.4 - 16.75 | 0.0 | In |
Put | 2024-09-27 PUT at $75.0 | -0.9455 | 0.0121 | 0 | 2024-09-27 | 17.35 - 18.0 | 0.0 | In |
Put | 2024-09-27 PUT at $80.0 | -0.9932 | 0.0025 | 0 | 2024-09-27 | 22.35 - 22.65 | 0.0 | In |
Put | 2024-09-27 PUT at $85.0 | -0.9491 | 0.0141 | 0 | 2024-09-27 | 26.25 - 29.2 | 0.0 | In |
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.