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: Dec 18, 2026
Days to expiration: 68
Share price: $86.16
Put/call ratio (OI): 1.32
Put/call ratio (volume): 0.19
ATM implied volatility: 34.9%
Expected move: ±$12.99
Open interest (C / P): 21.63K / 28.50K

CVS options summary

The CVS options chain for the December 18, 2026 expiration lists 44 call and 36 put contracts, with 68 days until expiration. Open interest stands at 21,631 calls and 28,495 puts, a put/call ratio of 1.32, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $85.00 strike is 34.9%, which implies the market expects a move of about ±$12.99 (15.1%) in CVS Health stock by expiration.

The most open interest sits at the $97.50 call (2.35K contracts) and the $35.00 put (4.16K contracts).

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

CVS options chain · December 18, 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
0	850	405.2%	85.65	69.60	73.70	22.50	0.00	0.23	0.01	138.7%	2	711
0	1	444.0%	51.40	70.15	74.20	25.00	0.00	1.76	0.07	182.1%	4	203
6	1	—	39.55	39.00	43.50	27.50	0.00	0.10	0.05	106.6%	10	1,120
2	2	—	42.00	45.05	46.25	30.00	0.00	0.32	0.17	115.4%	47	227
0	1	—	45.45	43.50	48.00	32.50	0.00	0.29	0.10	105.7%	2	227
6	6	100.0%	50.87	49.35	53.30	35.00	0.00	0.50	0.95	106.8%	2	4,159
3	15	263.2%	72.19	54.70	58.80	37.50	0.00	0.49	0.13	99.0%	2	260
0	10	—	55.85	0.00	0.00	40.00	0.00	0.71	0.15	98.2%	2	1,876
271	1,375	229.6%	65.75	49.75	53.45	42.50	0.00	0.30	0.23	79.1%	2	217
310	1	85.2%	41.90	39.70	43.35	45.00	0.00	0.51	1.07	79.9%	5	1,349
109	5	74.4%	40.00	37.00	40.85	47.50	0.00	0.12	0.03	59.6%	105	951
21	2	77.4%	36.17	35.60	37.70	50.00	0.00	0.13	0.08	55.5%	105	1,216
0	1	—	44.53	0.00	0.00	52.50	0.00	0.15	0.03	52.0%	6	892
791	1	203.6%	55.00	40.95	44.05	55.00	0.00	0.12	0.07	51.0%	2	603
561	4	157.4%	46.50	34.90	38.40	57.50	0.01	0.20	0.10	50.6%	3	288
646	2	152.9%	47.00	33.25	36.20	60.00	0.06	0.17	0.11	44.7%	32	1,038
771	60	57.1%	29.96	23.20	25.80	62.50	0.12	0.43	0.15	48.5%	16	202
297	1	51.3%	23.26	21.20	22.75	65.00	0.21	0.33	0.25	41.2%	1	1,897
934	1	51.1%	19.77	18.65	21.00	67.50	0.10	0.55	0.50	41.4%	15	296
888	1	54.7%	18.17	16.30	18.10	70.00	0.27	0.75	0.68	39.8%	13	922
1,095	16	52.1%	16.82	14.15	15.95	72.50	0.82	0.88	0.84	36.5%	2	712
1,819	1	49.4%	13.85	12.10	13.85	75.00	0.98	1.26	1.26	35.6%	2	1,390
301	8	44.5%	11.20	10.25	11.55	77.50	1.52	1.76	1.60	34.8%	3	289
612	8	42.6%	9.35	8.40	9.70	80.00	2.15	2.40	2.53	33.9%	9	402
592	83	43.5%	8.78	6.85	8.35	82.50	2.97	3.40	3.05	34.4%	40	331
437	2	36.1%	6.30	5.35	5.95	85.00	3.85	4.45	4.45	33.8%	4	559
CVS $86.16
231	3	35.2%	4.60	4.05	4.65	87.50	5.00	5.70	5.15	33.2%	4	1,386
1,019	9	35.4%	3.73	3.20	3.70	90.00	6.60	7.30	6.95	33.8%	12	445
782	1	35.2%	2.48	2.30	2.85	92.50	8.10	9.15	7.35	34.9%	1	334
784	38	33.5%	1.90	1.75	1.98	95.00	10.00	10.90	10.80	34.2%	2	238
2,351	1	34.2%	1.38	1.20	1.55	97.50	11.35	13.15	12.75	36.5%	2	248
986	60	34.4%	1.13	0.80	1.16	100.00	13.60	15.15	12.88	35.9%	4	2,638
2,148	2	36.5%	0.62	0.50	0.77	105.00	17.85	20.10	13.15	42.4%	29	432
1,070	1	39.3%	0.46	0.25	0.57	110.00	22.65	24.75	19.75	44.3%	6	302
932	37	39.8%	0.28	0.10	0.34	115.00	28.00	30.00	19.30	53.2%	7	124
443	14	41.2%	0.20	0.07	0.23	120.00	33.00	35.00	31.12	58.5%	6	11
201	4	43.1%	0.09	0.01	0.17	125.00	—	—	—	—	—	—
86	15	45.8%	0.09	0.00	0.15	130.00	—	—	—	—	—	—
13	5	48.2%	0.10	0.00	0.13	135.00	—	—	—	—	—	—
23	1	52.0%	0.15	0.00	0.28	140.00	—	—	—	—	—	—
6	4	54.8%	0.11	0.00	0.27	145.00	—	—	—	—	—	—
41	4	58.8%	0.04	0.00	0.31	150.00	—	—	—	—	—	—
36	1	61.4%	0.03	0.00	0.30	155.00	—	—	—	—	—	—
7	1	64.2%	0.01	0.00	0.30	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 December 18, 2026 expiration, the CVS put/call ratio based on open interest is 1.32 (28,495 puts vs 21,631 calls), and 0.19 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 December 18, 2026 is about 34.9%, 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.