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: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-03-27

Gamma Flip

72.62

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.561

Shows put vs call positioning

IV Skew

1.03

Put–call IV difference

Max Pain Price Volatility

σ = 6.89

medium 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: 83%

Current DPI is 0.064(bearish). Bearish, 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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for CVS are at 71.52, 70.54, and 67.73, while the resistance levels are at 72.84, 73.82, and 76.63. The pivot point, a key reference price for traders, is at 80.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.56% 1-day move.

The expected range for the next 2 days is 71.44 — 74.31 , corresponding to +2.95% / -1.03% .

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 75.51 (4.62% above spot).

Bearish positioning points to downside pressure toward 71.34 (1.16% below spot).

Options flow strength: 0.65 (0–1 scale). ATM Strike: 72.00, Call: 0.91, Put: 0.69, Straddle Cost: 1.59.

Price moves may extend once a direction forms. The short-term gamma flip is near 72.61 , with intermediate positioning around 72.62 . The mid-term gamma flip remains near 72.60.