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CAH Implied Volatility, IV Rank & Options Chain

Cardinal Health (CAH) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Cardinal Health (CAH).

Updated Reference data

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

CAH options trade with implied volatility typically in the 16% - 38% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

CAH implied volatility

As of 2026-10-26

As of 2026-10-26, CAH's 30-day implied volatility is 35.5%, placing its 1-year IV percentile at 89.0 — above 89.0% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.

35.5%30-day IV
89.01-year IV rank

CAH live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live CAH chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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CAH options at a glance

Daily volume
N/A
IV range
16% - 38%
Bid-ask spread
N/A
Expirations
Weekly, monthly, LEAPS
Open interest
N/A
Next earnings
See earnings calendar
GoodLiquidity
16% - 38%IV Range
$25B+Market Cap
YesWeeklies

About Cardinal Health (CAH)

Cardinal Health is a global healthcare services and products company distributing pharmaceuticals and medical products to hospitals, pharmacies, and healthcare providers.

Company profile

Sector
Healthcare
Industry
Medical Distribution
Market cap
$25B+
Exchange
NYSE

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
See company page
Fiscal year end
June

Cardinal Health operates in the Healthcare sector.

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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

  • Live chains and Greeks
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  • Expected move and GEX
  • Screener and strategy P&L
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CAH options market overview

CAH options provide good liquidity for options traders.

Average daily volume
N/A
Total open interest
N/A
Put/call ratio
N/A
Typical ATM spread
N/A
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Good

CAH options are available for trading across multiple expirations.

CAH implied volatility and IV rank

CAH implied volatility reflects healthcare outcomes, clinical trials, and regulatory decisions.

16% - 21%Low IV, below average
21% - 32%Typical, normal conditions
32% - 38%Elevated, above average

Earnings impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short CAH options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

CAH IV generally trades near historical volatility, with premiums expanding around earnings.

Term structure

Typically upward sloping under normal conditions.

The smile, the term structure and the cone for CAH, on today's chain.

Open CAH in IV Intelligence

CAH gamma exposure (GEX)

Gamma Exposure analysis for CAH reveals dealer hedging dynamics at key strike levels.

  • Typical GEX profile. CAH tends to operate in a positive gamma environment during normal conditions.
  • Key levels.
  • Dealer hedging.

Where the gamma sits on CAH right now, strike by strike.

See live CAH GEX

Common CAH options strategies

These are strategies commonly used by traders on CAH options, based on typical market characteristics. This is not investment advice.

Key considerations for CAH options

  • CAH options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

CAH key events

Earnings months. July, October, January, April

CAH options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns CAH's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/CAHBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/CAH"
In Claudethrough the MCP server
You

What is CAH's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on CAH in the console, more prompts for CAH, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about CAH options.

What is CAH's typical implied volatility?

CAH implied volatility typically ranges from 16% - 38%.

Does CAH have weekly options?

CAH offers weekly options.

What is CAH's options trading profile?

CAH (Cardinal Health) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 16% - 38% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.

How does CAH implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on CAH?

Popular strategies on CAH options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 16% - 38% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is CAH's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CAH's intraday price action. CAH tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live CAH GEX levels and the gamma-flip point on ApexVol.

What is CAH's IV rank?

CAH's IV rank shows where CAH's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. CAH implied volatility typically ranges from 16% - 38%. Check CAH's live IV rank and percentile on ApexVol's IV analytics.

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