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: Sep 17, 2027
Days to expiration: 341
Share price: $86.16
Put/call ratio (OI): 0.34
Put/call ratio (volume): 0.08
ATM implied volatility: 34.1%
Expected move: ±$28.39
Open interest (C / P): 3.21K / 1.07K

CVS options summary

The CVS options chain for the September 17, 2027 expiration lists 20 call and 17 put contracts, with 341 days until expiration. Open interest stands at 3,205 calls and 1,075 puts, a put/call ratio of 0.34, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $85.00 strike is 34.1%, which implies the market expects a move of about ±$28.39 (33.0%) in CVS Health stock by expiration.

The most open interest sits at the $87.50 call (1.02K contracts) and the $60.00 put (245 contracts).

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

CVS options chain · September 17, 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
—	—	—	—	—	—	45.00	0.40	0.66	0.57	43.1%	—	1
—	—	—	—	—	—	47.50	0.50	0.80	0.70	41.9%	2	6
—	—	—	—	—	—	50.00	0.50	0.96	0.81	40.5%	3	60
—	—	—	—	—	—	55.00	0.86	1.40	1.24	38.4%	21	81
1	1	46.1%	28.86	27.75	29.90	60.00	1.45	2.03	1.83	36.7%	2	245
1	1	45.5%	24.70	23.90	26.30	65.00	2.36	2.83	2.60	34.9%	5	100
42	1	43.4%	21.60	20.20	22.60	70.00	3.40	4.00	3.70	33.7%	1	75
16	3	40.3%	18.70	16.90	18.80	75.00	4.60	5.60	5.20	33.1%	2	211
11	7	38.2%	15.00	14.10	15.50	80.00	6.35	7.40	7.05	31.9%	2	24
—	—	—	—	—	—	82.50	7.70	8.55	8.15	31.7%	1	22
176	4	36.7%	11.85	10.75	12.65	85.00	8.85	9.80	8.93	31.5%	2	33
CVS $86.16
1,022	3	36.7%	10.91	10.45	11.60	87.50	10.05	11.05	10.55	31.1%	1	4
49	13	36.0%	9.80	9.20	10.35	90.00	11.30	12.55	11.90	31.1%	1	3
19	1	37.5%	9.10	8.30	9.95	92.50	—	—	—	—	—	—
51	9	35.1%	8.05	7.55	8.30	95.00	14.25	15.70	13.75	30.8%	31	50
93	1	34.9%	7.25	6.50	7.45	97.50	—	—	—	—	—	—
168	8	34.8%	6.60	5.95	6.70	100.00	17.50	18.95	16.80	29.7%	2	143
36	9	34.4%	5.10	4.25	5.35	105.00	—	—	—	—	—	—
568	67	33.2%	4.45	3.65	4.00	110.00	—	—	—	—	—	—
72	67	34.2%	4.00	2.80	3.45	115.00	—	—	—	—	—	—
830	824	35.8%	3.10	2.01	3.15	120.00	33.00	35.55	28.35	29.3%	11	16
21	9	36.8%	2.04	1.76	2.81	125.00	37.65	40.10	32.35	29.1%	—	1
13	1	35.1%	1.75	1.27	1.96	130.00	—	—	—	—	—	—
15	5	36.6%	2.68	1.06	1.85	135.00	—	—	—	—	—	—
1	1	36.4%	1.34	0.75	1.48	140.00	—	—	—	—	—	—

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 September 17, 2027 expiration, the CVS put/call ratio based on open interest is 0.34 (1,075 puts vs 3,205 calls), and 0.08 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 September 17, 2027 is about 34.1%, 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.