CVS as of Nov 1 · 22:15 ET

CVSNYSERetail-Drug Stores and Proprietary Stores

CVS Health Corp · Brief

Next report

1 day

Nov 3 · before openest.Q3 FY26

Earnings

Expected move

Inputs

±5.5%implied · report alone

85.2595.25

straddle ±6.1%

spot 90.25exp Nov 6ATM strike 90ATM straddle 6.49IV 65%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

4 of 8≥ implied

avg implied: ±5.8%
avg realized: ±5.7%

Nov 6 '24±6.9%▲+11.33%×1.65

Feb 12 '25±7.0%▲+14.95%×2.13

May 1 '25±6.3%▲+4.11%×0.65

Jul 31 '25±6.1%▼−0.32%×0.05

Oct 29 '25±4.5%▼−1.95%×0.43

Feb 10 '26±5.3%▼−0.09%×0.02

Q1 FY26±5.7%▲+7.65%×1.34

Q2 FY26±4.9%▼−5.08%×1.04

quarterimplied−15%0+15%realized×

Q2 FY26±4.9%▼−5.08%×1.04

Q1 FY26±5.7%▲+7.65%×1.34

Feb '26±5.3%▼−0.09%×0.02

Oct '25±4.5%▼−1.95%×0.43

Jul '25±6.1%▼−0.32%×0.05

May '25±6.3%▲+4.11%×0.65

2 older reports

Feb '25±7.0%▲+14.95%×2.13

Nov '24±6.9%▲+11.33%×1.65

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 3 report · est.

Bull2 of 3

4customers disclosing CVS as a supplierSEC filings

30.00%share of Cardinal Health revenue coming from CVS, per Cardinal's filingSEC filings

Bear1

12 of 24largest reporting managers that reduced their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 16 '26once per report · top 2 per case

Linked exposure

CVS report session

Customers 2

ELVElevance Health×0.48 MOHMolina Healthcare×0.43

× = co-movement · max 499dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 28impliedImplied move: ±5.8% into Nov 3 earnings (Oct 28 close).Source

Oct 14impliedImplied move: ±4.3% into Oct 28 earnings (Oct 14 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.