Healthcare · Healthcare
CVS Implied Volatility, IV Rank & Options Chain
CVS Health Corporation (CVS) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for CVS Health Corporation (CVS).
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CVS options trade with implied volatility typically in the 18% - 42% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
CVS implied volatility
As of 2026-10-26As of 2026-10-26, CVS's 30-day implied volatility is 37.0%, placing its 1-year IV percentile at 14.0 — above 14.0% of the past year's daily IV readings, a low-IV, premium-buying regime favoring long calls/puts and debit spreads.
CVS live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live CVS chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
CVS options at a glance
- Daily volume
- N/A
- IV range
- 18% - 42%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
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.
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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
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- Expected move and GEX
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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.
CVS implied volatility and IV rank
CVS implied volatility reflects inherent uncertainty in healthcare outcomes, clinical trials, and regulatory decisions. IV patterns follow earnings and FDA catalysts.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The move options are pricing for the next report, and how the last 12 went: CVS earnings expected move.
The post-earnings volatility drop is known as IV crush. Holders of short CVS options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
CVS 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 CVS, on today's chain.
Open CVS in IV IntelligenceCVS 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.
Where the gamma sits on CVS right now, strike by strike.
See live CVS GEXCommon CVS options strategies
These are strategies commonly used by traders on CVS options, based on typical market characteristics. This is not investment advice.
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
CVS key events
Earnings months. January, April, July, October
CVS options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns CVS'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.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/CVS"What is CVS's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on CVS in the console, more prompts for CVS, 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 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.
What is CVS's options trading profile?
CVS (CVS Health Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 18% - 42% range. The position sits in the Healthcare category for portfolio diversification and options strategy design.
How does CVS 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 CVS?
Popular strategies on CVS options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 18% - 42% 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 CVS's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence CVS's intraday price action. CVS 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 CVS GEX levels and the gamma-flip point on ApexVol.
What is CVS's IV rank?
CVS's IV rank shows where CVS'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. CVS implied volatility typically ranges from 18% - 42%. Check CVS's live IV rank and percentile on ApexVol's IV analytics.
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Where CVS
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CVS analytics
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