ApexVol
Healthcare Healthcare Live Data Updated 2026-03-01

CVS Options

CVS Health Corporation Options Chain, Implied Volatility & Greeks

Comprehensive options market data for CVS Health Corporation (CVS). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.

CVS Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 18% - 42%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
18% - 42%
Market Cap
$75B+
Weeklies
Yes

1 About CVS Health Corporation (CVS)

CVS Health is an integrated healthcare company operating retail pharmacies, pharmacy benefit management (Caremark), and health insurance (Aetna) across the U.S.

Company Profile

Sector Healthcare
Industry Healthcare Plans
Market Cap $75B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

CVS Health Corporation operates in the Healthcare sector.

2 CVS Options Market Overview

CVS 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

CVS options are available for trading across multiple expirations.

3 CVS Volatility Profile

CVS implied volatility reflects inherent uncertainty in healthcare outcomes, clinical trials, and regulatory decisions. IV patterns follow earnings and FDA catalysts.

Low IV Environment
18% - 24%
Below average volatility
Typical IV Range
24% - 36%
Normal conditions
Elevated IV
36% - 42%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

Historical Volatility vs IV

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

Term Structure

Typically upward sloping under normal conditions.

View CVS Volatility Lab

CVS Gamma Exposure (GEX)

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

Typical GEX Profile: CVS tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live CVS GEX

4 Common CVS Options Strategies

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

Popular for CVS shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on CVS.

Range-bound strategy for CVS between events.

Key Considerations for CVS Options

  • CVS 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

Frequently Asked Questions: CVS Options

What is CVS's typical implied volatility?

CVS implied volatility typically ranges from 18% - 42%.

Does CVS have weekly options?

CVS offers weekly options.

Explore CVS Options Data

Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.