A Closer Look at CVS Health’s Options Market Dynamics – CVS Health (NYSE:CVS)

Whales Bullish on CVS Health: Options Trades and Expected Price Movements

Whales with a significant amount of money to spend have recently taken a noticeably bullish stance on CVS Health. Looking at the options history for CVS Health (CVS), it has been observed that out of the 18 trades detected, 77% of investors opened trades with bullish expectations, while 22% took a bearish stance.

Breaking down the trades further, 3 were puts, with a total amount of $1,112,967, and 15 were calls, with a total amount of $1,589,450. This indicates that the significant investors are aiming for a price territory ranging from $50.0 to $75.0 for CVS Health over the recent three months.

Analyzing volume and open interest is an insightful way to conduct due diligence on a stock. This data can help track the liquidity and interest for CVS Health’s options for a given strike price. In the last 30 days, the volume and open interest of calls and puts for all of CVS Health’s whale activity within a strike price range from $50.0 to $75.0 have been observed.

Significant options trades have been detected for CVS Health. Here are a few notable trades:

1. Symbol: CVS
Put/Call: CALL
Trade Type: TRADE
Sentiment: BULLISH
Exp. Date: 01/17/25
Strike Price: $65.00
Total Trade Price: $857.2K
Open Interest: 1.3K
Volume: 28

2. Symbol: CVS
Put/Call: PUT
Trade Type: TRADE
Sentiment: BEARISH
Exp. Date: 01/19/24
Strike Price: $70.00
Total Trade Price: $834.2K
Open Interest: 6.4K
Volume: 10.5K

3. Symbol: CVS
Put/Call: PUT
Trade Type: SWEEP
Sentiment: BULLISH
Exp. Date: 01/19/24
Strike Price: $70.00
Total Trade Price: $208.6K
Open Interest: 6.4K
Volume: 556

4. Symbol: CVS
Put/Call: CALL
Trade Type: TRADE
Sentiment: BULLISH
Exp. Date: 01/19/24
Strike Price: $75.00
Total Trade Price: $70.8K
Open Interest: 12.8K
Volume: 2.5K

5. Symbol: CVS
Put/Call: PUT
Trade Type: SWEEP
Sentiment: BULLISH
Exp. Date: 01/19/24
Strike Price: $72.50
Total Trade Price: $70.0K
Open Interest: 5.1K
Volume: 607

CVS Health offers a diverse set of healthcare services, with its roots in retail pharmacy operations. It operates over 9,000 stores primarily in the U.S. Additionally, CVS Health is the largest pharmacy benefit manager, processing over 2 billion adjusted claims annually. The company also operates a top-tier health insurer and recently acquired Oak Street, adding primary care services to its offerings.

In terms of its own performance, CVS Health’s current market status shows a volume of 11,754,917, with the price up 3.34% at $73.39. RSI indicators hint that the underlying stock may be approaching overbought levels. The next earnings release is expected in 63 days.

Expert opinions on CVS Health suggest an average target price of $87.0, according to ratings released by 1 expert in the last month. In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $87.

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. Tracking the latest options trades for CVS Health can be done with Benzinga Pro for real-time alerts.