CVS HEALTH Corp (CVS) Options Statistics & Positioning

CVS HEALTH Corp (CVS) options trade at a 30-day at-the-money implied volatility of 36.3%, an IV rank of 21 out of 100 over the past year. The options market prices a ±$9.71 (±11.2%) move in CVS for the front expiration. Max pain sits at $85 and the put/call open interest ratio is 0.86. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$86.35

52-week range

$69.85 – $110.35

ATM IV (30d)

36.3%

IV rank

21 / 100

Low

Expected move

±$9.71 (±11.2%)

Put/call OI

0.86

Max pain

$85

↓ 1.6% below close

Next earnings

Nov 2, 2026

What's CVS's IV rank right now?Where's the max pain for CVS?Explain what gamma exposure means for CVS.

Most Active CVS Contracts

Contract	Expiration	DTE	Last	IV	Volume
CVS $88 call	Oct 16, 2026	7d	$0.71	29.8%	1,295
CVS $87.5 put	Oct 16, 2026	7d	$2.03	28.5%	1,232
CVS $87.5 call	Oct 16, 2026	7d	$0.90	31.3%	990
CVS $85 put	Oct 16, 2026	7d	$0.85	30.0%	781
CVS $99 call	Nov 6, 2026	28d	$0.48	39.2%	664

See all active CVS contracts →

Explore CVS Options Statistics

CVS Implied Volatility

36.3% 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

0.86 put/call OI ratio

182,125 calls and 157,136 puts outstanding across all expirations.

Full open interest analysis →

CVS Max Pain

$85 max pain

1.6% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

CVS Gamma Exposure

$278.68M net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

CVS Options Volume

17,733 contracts traded

Put/call volume ratio 0.93 — plus contracts running far above their usual volume.

Full volume & flow analysis →

CVS Most Active Options

$87.5 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 Nov 2, 2026. Options currently price a ±$9.71 (±11.2%) 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 Nov 2, 2026. Options currently price a ±$9.71 (±11.2%) 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.