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CVS HEALTH CORPORATION CVS 79.96 -11.45 -12.53%

Previous-day view · Wed Nov 4 close. You are previewing the previous trading day. Subscribe to see today live and every other date — Trader is $59/mo. Sign up Sign in

Expected move

November 04, 2026 close · $79.80
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±2.1% ±$1.66 $78.14 – $81.46 $77.80 – $81.79 $76.24 – $83.36
2 sessions ±2.9% ±$2.30 $77.49 – $82.10 $77.00 – $82.60 $74.82 – $84.78
3 sessions ±3.3% ±$2.62 $77.17 – $82.42 $76.66 – $82.93 $74.20 – $85.39
1 week ±3.8% ±$3.02 $76.77 – $82.82 $76.10 – $83.49 $73.36 – $86.24
2 weeks ±4.6% ±$3.69 $76.10 – $83.49 $75.23 – $84.37 $71.91 – $87.68
3 weeks ±5.6% ±$4.49 $75.31 – $84.29 $74.20 – $85.39 $70.29 – $89.30
1 month ±6.9% ±$5.48 $74.32 – $85.28 $72.96 – $86.64 $68.18 – $91.42
Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. Draw the cone on the chart →

Volatility premium

Beta
The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move
±6.73%
Average actual move
7.44%
Beyond the implied move
3 / 6
Median IV change
-33.10%
Reaction session Implied Actual Used ATM IV before → after
November 04, 2026 ±6.81% -12.53% 1.84× —
August 05, 2026 ±5.67% -5.08% 0.89× 44.9% → 27.0%
May 06, 2026 ±5.97% +7.65% 1.28× —
July 31, 2025 ±7.22% -0.32% 0.04× 48.9% → 32.8%
May 01, 2025 ±6.18% +4.11% 0.66× 46.5% → 31.1%
February 12, 2025 ±8.50% +14.95% 1.76× 55.7% → 43.2%
Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →