CVS Options Chain Analysis

As of previous close (2026-10-12) · OPRA historical data

Spot $87.74 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.92

153k P / 167k C

Put/Call (Volume)

1.05

6k P / 6k C that session

30d ATM IV

41%

annualized implied move

Call wall

$90

13k contracts

Put wall

$80

17k contracts

Tail hedging

1.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $90 (13k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $80 (17k contracts), 9% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-11-13. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	20k	14k	0.73	8k
2026-10-23	4k	3k	0.77	825
2026-10-30	4k	3k	0.61	1k
2026-11-06	3k	1k	0.41	291
2026-11-13	325	86	0.26	171
2026-11-20	20k	23k	1.16	586
2026-11-27	17	8	0.47	12
2026-12-18	22k	29k	1.27	180
2027-01-15	55k	56k	1.01	407
2027-02-19	2k	1k	0.54	25
2027-03-19	5k	4k	0.84	278
2027-05-21	329	54	0.16	8
2027-06-17	7k	7k	1.02	274
2027-09-17	3k	1k	0.34	14
2028-01-21	19k	10k	0.56	268
2028-12-15	1k	259	0.20	50
2029-01-19	702	67	0.10	3

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.