CVS HEALTH Corp (CVS) Options Statistics & Positioning

CVS HEALTH Corp (CVS) options trade at a 30-day at-the-money implied volatility of 35.2%, an IV rank of 21 out of 100 over the past year. The options market prices a ±$11.38 (±10.9%) move in CVS for the front expiration. Max pain sits at $80 and the put/call open interest ratio is 0.72. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$104.36

52-week range

$58.21 – $104.69

ATM IV (30d)

35.2%

IV rank

21 / 100

Low

Expected move

±$11.38 (±10.9%)

Put/call OI

0.72

Call-heavy

Max pain

$80

↓ 23.3% below close

Next earnings

Aug 3, 2026

Most Active CVS Contracts

Contract	Expiration	DTE	Last	IV	Volume
CVS $105 call	Jul 17, 2026	7d	$1.59	31.6%	1,393
CVS $97.5 put	Aug 21, 2026	42d	$2.34	36.7%	918
CVS $104 call	Jul 17, 2026	7d	$1.98	30.1%	843
CVS $80 put	Jan 21, 2028	560d	$5.30	33.1%	726
CVS $108 call	Aug 28, 2026	49d	$3.58	33.7%	478

See all active CVS contracts →

Explore CVS Options Statistics

CVS Implied Volatility

35.2% ATM IV (30d)

An IV rank of 21 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

CVS Open Interest

0.72 put/call OI ratio

201,243 calls and 144,320 puts outstanding across all expirations.

Full open interest analysis →

CVS Max Pain

$80 max pain

23.3% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

CVS Gamma Exposure

$2.31B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

CVS Options Volume

15,633 contracts traded

Put/call volume ratio 0.42 — plus contracts running far above their usual volume.

Full volume & flow analysis →

CVS Most Active Options

$105 top volume strike

The 25 most actively traded CVS contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

CVS's next expected earnings date is Aug 3, 2026. Options currently price a ±$11.38 (±10.9%) move for the front expiration.

Explore the payoff profile of option on CVS for free

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CVS Options FAQ

When is CVS's next earnings date?

CVS's next expected earnings date is Aug 3, 2026. Options currently price a ±$11.38 (±10.9%) move for the front expiration.

How often is CVS options data on this page updated?

All CVS statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see CVS max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated CVS pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.