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.
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: 83%
Current DPI is 0.5(bullish). Bullish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-08-28 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.90.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.70% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 92.52 — 96.96 , corresponding to +4.19% / -0.58% .
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 99.96 (7.42% above spot).
Bearish positioning points to downside pressure toward 92.38 (0.73% below spot).
Options flow strength: 0.58 (0–1 scale). ATM Strike: 93.00, Call: 0.53, Put: 0.12, Straddle Cost: 0.65.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 93.27 , with intermediate positioning around 93.33 . The mid-term gamma flip remains near 93.01.