CVS Health (CVS) Options Chain

NYSE: CVSHealthcareHealthcare PlansUSD

86.16-1.64 (-1.87%)

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

Expiration date

Expiration: Feb 19, 2027
Days to expiration: 131
Share price: $86.16
Put/call ratio (OI): 0.55
Put/call ratio (volume): 0.67
ATM implied volatility: 36.3%
Expected move: ±$18.73
Open interest (C / P): 1.90K / 1.04K

CVS options summary

The CVS options chain for the February 19, 2027 expiration lists 24 call and 15 put contracts, with 131 days until expiration. Open interest stands at 1,896 calls and 1,043 puts, a put/call ratio of 0.55, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $85.00 strike is 36.3%, which implies the market expects a move of about ±$18.73 (21.7%) in CVS Health stock by expiration.

The most open interest sits at the $95.00 call (541 contracts) and the $85.00 put (257 contracts).

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

CVS options chain · February 19, 2027

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
1	1	106.4%	48.43	33.00	35.30	60.00	0.33	0.63	0.51	42.2%	1	42
0	1	—	31.92	0.00	0.00	65.00	0.64	0.92	0.89	38.3%	1	15
2	1	50.8%	19.91	17.40	19.65	70.00	1.26	1.62	1.43	37.0%	4	53
17	10	44.0%	14.60	13.40	15.20	75.00	2.18	2.81	2.55	36.5%	1	98
50	1	39.4%	11.70	9.90	11.30	80.00	3.50	4.05	3.76	33.6%	5	116
72	2	38.1%	8.40	7.15	8.40	85.00	5.45	6.50	6.30	34.5%	1	257
CVS $86.16
7	4	37.0%	7.80	6.10	7.05	87.50	6.70	7.60	6.55	33.2%	10	38
185	4	36.4%	5.94	4.15	5.90	90.00	8.10	9.00	9.00	32.8%	5	109
46	3	36.0%	4.70	4.15	4.95	92.50	9.55	10.60	9.85	32.6%	2	140
541	10	37.2%	4.69	3.30	4.40	95.00	11.30	12.30	10.00	32.4%	1	29
218	7	36.8%	3.67	2.74	3.65	97.50	13.15	14.15	8.70	32.3%	2	13
95	1	37.0%	2.69	2.10	3.10	100.00	14.10	16.40	14.00	33.9%	1	4
128	1	36.8%	1.80	1.46	2.13	105.00	18.65	20.40	21.22	32.9%	9	106
222	1	38.0%	1.34	0.96	1.62	110.00	23.00	25.25	25.72	36.4%	9	22
63	1	38.8%	0.98	0.52	1.20	115.00	13.90	15.65	18.55	—	—	1
88	1	39.0%	0.61	0.30	0.85	120.00	—	—	—	—	—	—
21	2	40.2%	0.41	0.22	0.67	125.00	—	—	—	—	—	—
16	2	41.9%	0.21	0.15	0.57	130.00	—	—	—	—	—	—
6	2	43.6%	0.67	0.10	0.50	135.00	—	—	—	—	—	—
8	8	50.5%	2.41	0.39	0.77	140.00	—	—	—	—	—	—
4	2	42.2%	0.09	0.03	0.21	145.00	—	—	—	—	—	—
0	1	25.0%	0.63	0.00	0.00	150.00	—	—	—	—	—	—
13	—	53.4%	1.22	0.00	0.49	155.00	—	—	—	—	—	—
93	12	46.4%	0.14	0.00	0.15	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 February 19, 2027 expiration, the CVS put/call ratio based on open interest is 0.55 (1,043 puts vs 1,896 calls), and 0.67 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 February 19, 2027 is about 36.3%, 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.