CVS Health Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on CVS Health.

Looking at options history for CVS Health CVS, we detected 10 strange trades.

If we consider the specifics of each trade, it is correct to say that 40% of investors opened trades with bullish expectations and 60% with bearish expectations.

Of all the transactions identified, 3 are puts, for a total amount of $139,040 and 7 are calls, for a total amount of $367,250.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $55.0 to $115.0 for CVS Health during for the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of CVS Health options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all CVS Health whale trades within a strike price range of 55.0 $ to $115.0 in the last 30 days.

CVS Health options volume and open interest in the last 30 days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SVC CALL TRADE BULLISH 01/20/23 $55.00 $87.7K 65 17 SVC CALL TRADE BULLISH 02/17/23 $115.00 $67.6,000 228 310 SVC PUT SWEEP BEARISH 09/16/22 $110.00 $66.6,000 70 142 SVC CALL SWEEP NEUTRAL 09/30/22 $103.00 $59,100 0 116 SVC CALL SWEEP BULLISH 02/17/23 $115.00 $47,100 228 145

How is CVS Health doing right now? With a volume of 2,560,374, CVS price is up 2.23% to $106.58. RSI indicators suggest that the underlying stock may be overbought. The next results should be published in 82 days. What experts say about CVS Health: UBS has decided to maintain its buy rating on CVS Health, which currently sits at a price target of $127. Credit Suisse has decided to maintain its outperform rating on CVS Health, which currently sits at a price target of $117.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay informed about the latest options trades for CVS Health, Benzinga Pro gives you real-time options trade alerts.

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