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: Mar 19, 2027
Days to expiration: 159
Share price: $86.16
Put/call ratio (OI): 0.83
Put/call ratio (volume): 2.22
ATM implied volatility: 35.9%
Expected move: ±$20.39
Open interest (C / P): 4.58K / 3.78K

CVS options summary

The CVS options chain for the March 19, 2027 expiration lists 34 call and 27 put contracts, with 159 days until expiration. Open interest stands at 4,576 calls and 3,783 puts, a put/call ratio of 0.83, which is fairly balanced between calls and puts. At-the-money implied volatility near the $85.00 strike is 35.9%, which implies the market expects a move of about ±$20.39 (23.7%) in CVS Health stock by expiration.

The most open interest sits at the $120.00 call (994 contracts) and the $85.00 put (535 contracts).

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

CVS options chain · March 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
—	—	—	—	—	—	37.50	0.00	0.15	0.06	54.7%	—	1
—	—	—	—	—	—	40.00	0.00	0.14	0.09	50.4%	5	7
1	—	177.0%	40.79	52.90	56.15	42.50	0.00	0.20	0.07	54.3%	14	10
1	2	58.6%	42.03	40.60	42.65	45.00	0.00	0.36	0.12	55.8%	14	41
10	10	133.8%	56.77	44.85	48.55	47.50	0.14	0.22	0.18	47.4%	128	89
0	4	—	46.95	0.00	0.00	50.00	0.15	0.27	0.20	45.3%	114	102
1	1	133.9%	30.10	40.95	44.10	55.00	0.27	0.48	0.35	43.1%	2	29
0	1	—	36.71	0.00	0.00	60.00	0.08	0.79	0.64	40.6%	1	209
1	—	93.0%	40.84	30.90	33.30	62.50	0.53	1.00	0.89	39.4%	1	160
14	1	49.6%	22.49	22.05	23.80	65.00	0.84	1.14	1.35	37.1%	5	77
19	1	50.5%	22.59	19.75	22.10	67.50	0.99	1.77	1.55	38.7%	46	96
22	1	48.3%	19.65	17.65	20.00	70.00	1.53	2.15	1.96	37.4%	3	223
39	17	46.5%	17.85	15.75	18.00	72.50	1.96	2.43	2.27	35.1%	3	162
54	1	42.7%	15.40	13.90	15.70	75.00	2.55	3.55	2.86	37.3%	15	171
59	7	41.6%	20.93	12.35	13.95	77.50	3.20	3.70	3.60	33.5%	100	116
110	1	40.6%	12.64	9.70	12.30	80.00	4.00	4.55	4.05	33.0%	32	297
77	5	38.7%	10.47	9.30	10.55	82.50	4.80	5.60	5.60	32.8%	22	233
265	31	35.7%	9.70	8.00	8.65	85.00	5.90	7.55	6.00	36.0%	9	535
CVS $86.16
172	13	35.4%	7.31	6.80	7.45	87.50	7.20	8.05	8.20	32.2%	10	274
306	40	34.8%	6.00	5.75	6.30	90.00	8.55	10.55	9.51	36.6%	1	279
238	2	35.2%	5.00	3.85	5.50	92.50	10.00	11.05	10.55	31.7%	22	144
565	2	34.2%	4.45	3.35	4.50	95.00	11.60	12.70	11.02	31.3%	19	258
231	1	33.9%	3.45	2.98	3.75	97.50	13.40	14.70	14.14	32.0%	1	53
446	2	33.6%	3.05	2.71	3.10	100.00	15.25	16.70	16.30	32.4%	4	159
213	2	33.6%	2.58	1.79	2.16	105.00	18.60	20.90	14.25	33.0%	5	48
356	23	37.0%	1.83	1.08	1.99	110.00	23.00	25.40	21.10	34.2%	3	9
116	1	37.8%	0.89	0.66	1.53	115.00	—	—	—	—	—	—
994	3	37.1%	0.65	0.35	1.02	120.00	—	—	—	—	—	—
78	7	38.4%	0.46	0.22	0.83	125.00	38.00	40.05	28.40	42.1%	—	1
23	30	38.0%	1.20	0.25	0.57	130.00	—	—	—	—	—	—
19	2	40.9%	0.15	0.17	0.59	135.00	—	—	—	—	—	—
18	2	42.4%	0.21	0.11	0.52	140.00	—	—	—	—	—	—
33	13	39.9%	0.17	0.08	0.27	145.00	—	—	—	—	—	—
13	1	40.9%	0.35	0.08	0.23	150.00	—	—	—	—	—	—
8	8	41.7%	0.10	0.01	0.19	155.00	—	—	—	—	—	—
74	26	42.9%	0.08	0.01	0.17	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 March 19, 2027 expiration, the CVS put/call ratio based on open interest is 0.83 (3,783 puts vs 4,576 calls), and 2.22 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 March 19, 2027 is about 35.9%, 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.