CVS Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete CVS options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around CVS.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

87.61

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.792

Shows put vs call positioning

IV Skew

-2.05

Put–call IV difference

Max Pain Price Volatility

σ = 12.38

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.347(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for CVS are at 87.01, 86.21, and 84.14, while the resistance levels are at 88.09, 88.89, and 90.96. The pivot point, a key reference price for traders, is at 89.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.39% 1-day move.

The expected range for the next 3 days is 86.50 — 89.46 , corresponding to +2.19% / -1.20% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 90.36 (3.21% above spot).

Bearish positioning points to downside pressure toward 86.21 (1.53% below spot).

Options flow strength: 0.78 (0–1 scale). ATM Strike: 87.50, Call: 1.14, Put: 0.97, Straddle Cost: 2.10.

Market signals are mixed and less reliable. The short-term gamma flip is near 86.71 , with intermediate positioning around 87.61 . The mid-term gamma flip remains near 87.58.