Ticker Options Intelligence

CVS options intelligence

CVS Health Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:42 · complete available chain

Call-side pressure

Bullish pressure

CVS currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 2.8%, with volume/open-interest participation at 0.03.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 2.8%

Near-term move context

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.40

Call-side skew

Trend fit 56

Options are not fully confirming trend

Weekly backdrop +0.9%

RS 23.9

Expected move 2.8%
Put-call volume 0.40
Volume / OI 0.03
Reference IV 0.41
Max pain 105.00
Underlying 107.74
Nearest expiry 31 Jul 2026
Contracts 1144

Options Intent Radar

Short-dated OTM call concentration

94/100
Primary intent Short-dated OTM call concentration

Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $2.6M of estimated gross traded notional, calls · 0-7 days · itm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+45
1W price+0.9%
Call premium67%
Put premium33%
Notional split C 67% / P 33% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 56/100 Agreement between options pressure and Sharemaestro market context.
Event window 30 Jul Matched earnings event is 0 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 0-7 days · ITM
Calls · 0-7 days · ITM calls cluster with 404 contracts traded, $570044 estimated gross traded notional, and 22% of visible notional.
$570044
Calls · 91+ days · ITM calls cluster with 145 contracts traded, $248212 estimated gross traded notional, and 9% of visible notional.
$248212
Puts · 91+ days · ITM puts cluster with 122 contracts traded, $206668 estimated gross traded notional, and 8% of visible notional.
$206668
Calls · 46-90 days · ITM calls cluster with 273 contracts traded, $193125 estimated gross traded notional, and 7% of visible notional.
$193125
Puts · 8-21 days · OTM puts cluster with 798 contracts traded, $192130 estimated gross traded notional, and 7% of visible notional.
$192130

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Normal range

33

Activity is broadly in line with recent stored snapshots.

Volume rank0th
Volume/OI rank0th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close107.74
1W+0.9%
RS23.9
Fair value+60.8%
Options pressure45
Speculation41
Volatility39
Trend fit56

Today Versus Normal

Stored-options context

View history
Expected move 2.8% muted
30d avg 3.1% · 1 read 0th
90d avg 3.1% · 1 read 0th
180d avg 3.1% · 1 read 0th
IV 0.41 elevated
30d avg 0.41 · 1 read 100th
90d avg 0.41 · 1 read 100th
180d avg 0.41 · 1 read 100th
Put-call 0.40 elevated
30d avg 0.17 · 1 read 100th
90d avg 0.17 · 1 read 100th
180d avg 0.17 · 1 read 100th
Volume/OI 0.03 muted
30d avg 0.06 · 1 read 0th
90d avg 0.06 · 1 read 0th
180d avg 0.06 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:02 Bullish
Pressure 72
Move 3.1%
30 Jul 01:42 Bullish
Pressure 45
Move 2.8%

Strike Map

Where activity is clustering

Full strike map
Strike50.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 3
Puts · V 2 · OI 1
Strike60.00
Calls · V 34 · OI 6
Puts · V 0 · OI 3
Strike65.00
Calls · V 34 · OI 2
Puts · V 1 · OI 2
Strike70.00
Calls · V 0 · OI 3
Puts · V 1 · OI 2
Strike75.00
Calls · V 0 · OI 2
Puts · V 1 · OI 1
Strike80.00
Calls · V 0 · OI 2
Puts · V 0 · OI 7
Strike85.00
Calls · V 1 · OI 2
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts94
Avg IV0.41
Put-call0.42
Expiry7 Aug 2026
Contracts98
Avg IV0.55
Put-call1.18
Expiry14 Aug 2026
Contracts86
Avg IV0.46
Put-call3.16
Expiry21 Aug 2026
Contracts102
Avg IV0.40
Put-call0.10
Expiry28 Aug 2026
Contracts90
Avg IV0.38
Put-call0.94

Skew

Call/put IV balance

OTM demand
31 Jul 2026Call IV premium
Call IV0.44
Put IV0.37
Skew-0.08
7 Aug 2026Balanced skew
Call IV0.54
Put IV0.53
Skew-0.01
14 Aug 2026Balanced skew
Call IV0.45
Put IV0.45
Skew-
21 Aug 2026Balanced skew
Call IV0.41
Put IV0.41
Skew0.01
28 Aug 2026Balanced skew
Call IV0.41
Put IV0.45
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractCVS260821C00125000
SideCall
Expiry21 Aug 2026
Strike125.00
Volume1177
OI414
IV0.41
ContractCVS260821C00114000
SideCall
Expiry21 Aug 2026
Strike114.00
Volume656
OI4
IV0.41
ContractCVS260731C00111000
SideCall
Expiry31 Jul 2026
Strike111.00
Volume639
OI3127
IV0.48
ContractCVS260918C00130000
SideCall
Expiry18 Sep 2026
Strike130.00
Volume557
OI313
IV0.36
ContractCVS260731P00107000
SidePut
Expiry31 Jul 2026
Strike107.00
Volume509
OI218
IV0.36
ContractCVS260807C00113000
SideCall
Expiry7 Aug 2026
Strike113.00
Volume502
OI294
IV0.54
ContractCVS260807P00104000
SidePut
Expiry7 Aug 2026
Strike104.00
Volume500
OI102
IV0.54
ContractCVS260731C00107000
SideCall
Expiry31 Jul 2026
Strike107.00
Volume326
OI647
IV0.42