CVS Health (CVS) Options Chain

NYSE: CVSConsumer StaplesRetail-Drug Stores and Proprietary StoresUSD

86.16-1.64 (-1.87%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 41
Share price: $86.16
Put/call ratio (OI): 1.16
Put/call ratio (volume): 0.50
ATM implied volatility: 38.9%
Expected move: ±$11.24
Open interest (C / P): 20.15K / 23.41K

CVS options summary

The CVS options chain for the November 20, 2026 expiration lists 32 call and 29 put contracts, with 41 days until expiration. Open interest stands at 20,147 calls and 23,409 puts, a put/call ratio of 1.16, which is fairly balanced between calls and puts. At-the-money implied volatility near the $85.00 strike is 38.9%, which implies the market expects a move of about ±$11.24 (13.0%) in CVS Health stock by expiration.

The most open interest sits at the $95.00 call (3.46K contracts) and the $85.00 put (6.78K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CVS options chain · November 20, 2026

CVS calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	37.50	0.00	2.13	0.05	172.2%	—	1
—	—	—	—	—	—	40.00	0.00	0.57	0.29	122.6%	—	4
—	—	—	—	—	—	42.50	0.00	1.72	0.45	142.2%	—	20
0	2	379.6%	52.16	53.65	56.50	45.00	0.00	0.43	0.26	100.6%	1	29
—	—	—	—	—	—	47.50	0.00	0.28	0.10	86.9%	18	19
—	—	—	36.87	—	—	50.00	0.00	0.30	0.06	81.0%	20	82
0	2	398.2%	46.20	50.40	54.00	55.00	0.00	0.13	0.16	60.5%	1	252
2	2	266.6%	39.17	38.90	41.45	60.00	0.01	0.16	0.05	52.0%	2	168
5	1	324.2%	38.94	42.30	45.15	62.50	0.00	0.19	0.08	53.4%	2	209
44	50	59.8%	23.25	20.65	22.75	65.00	0.05	0.19	0.11	47.9%	1	86
21	1	52.1%	21.17	18.15	20.15	67.50	0.12	0.28	0.18	45.9%	2	329
58	1	51.9%	17.99	16.10	17.75	70.00	0.17	0.35	0.28	42.3%	5	368
10	2	61.0%	15.50	13.55	15.45	72.50	0.40	0.61	0.44	42.4%	14	470
42	2	55.7%	12.45	11.45	13.15	75.00	0.59	0.84	0.68	40.0%	23	776
55	16	52.3%	9.45	9.20	11.05	77.50	1.06	1.39	1.15	40.6%	69	855
323	1	46.4%	8.71	7.40	8.80	80.00	1.60	1.81	1.75	37.8%	118	6,726
238	1	47.7%	6.10	4.80	7.40	82.50	2.27	2.77	2.27	38.7%	23	798
474	60	40.6%	5.30	4.30	5.25	85.00	3.25	3.70	3.22	37.2%	10	6,779
CVS $86.16
602	62	35.6%	3.35	3.25	3.50	87.50	4.50	5.20	5.09	38.8%	3	699
2,750	139	37.2%	2.80	2.35	2.72	90.00	5.85	6.85	5.95	39.8%	6	1,420
1,104	160	36.8%	1.70	1.65	1.93	92.50	7.75	8.45	7.86	38.6%	4	556
3,456	130	35.1%	1.15	1.11	1.21	95.00	9.55	10.45	9.75	39.6%	9	1,459
594	9	36.8%	0.92	0.72	0.94	97.50	11.25	12.55	11.15	40.4%	2	319
3,280	22	38.1%	0.63	0.49	0.71	100.00	13.45	15.15	13.00	46.5%	14	251
1,875	17	41.9%	0.26	0.25	0.48	105.00	18.10	19.60	18.11	47.2%	7	627
2,040	4	46.0%	0.23	0.10	0.36	110.00	22.90	24.75	24.87	57.5%	5	67
816	4	42.4%	0.08	0.01	0.11	115.00	28.00	30.30	21.10	50.8%	1	17
1,121	4	43.6%	0.03	0.00	0.06	120.00	25.90	27.75	15.35	—	3	13
310	2	53.6%	0.07	0.00	0.13	125.00	—	—	—	—	—	—
575	2	52.3%	0.01	0.00	0.12	130.00	—	—	—	—	—	—
161	14	55.9%	0.10	0.00	0.11	135.00	36.75	39.65	27.52	—	10	10
18	19	68.2%	0.05	0.00	0.30	140.00	—	—	—	—	—	—
159	4	72.2%	0.05	0.00	0.30	145.00	—	—	—	—	—	—
14	2	68.2%	0.37	0.00	0.13	150.00	—	—	—	—	—	—
0	8	25.0%	0.14	0.00	0.00	155.00	—	—	—	—	—	—
0	10	50.0%	0.03	0.00	0.00	160.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CVS put/call ratio?

For the November 20, 2026 expiration, the CVS put/call ratio based on open interest is 1.16 (23,409 puts vs 20,147 calls), and 0.50 based on today's volume. A ratio above 1 means more puts than calls.

What is CVS's implied volatility?

At-the-money implied volatility for CVS options expiring November 20, 2026 is about 38.9%, an annualized estimate of how much the market expects CVS Health stock to move.

How many CVS option expiration dates are there?

CVS has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.