CVS Health Corp
CVS Health Corp (CVS) Wheel Strategy
CVS wheel strategy scan found 178 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 158.2%.
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Running a CVS wheel strategy lets you generate consistent premium income on CVS Health Corp while setting your own entry and exit prices on the underlying. CVS Health Corp's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own CVS, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best CVS wheel strategy setups in real time.
The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on CVS, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable CVS wheel from a losing one.
CVS Health Corporation provides health services in the United States. The company's Health Care Benefits segment offers traditional, voluntary, and consumer-directed health insurance products and related services. It serves employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Its Pharmacy Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, mail order pharmacy, specialty pharmacy and infusion, clinical, and disease and medical spend management services.
It serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on public health insurance and private health insurance exchanges, other sponsors of health benefit plans, and individuals. This segment operates retail specialty pharmacy stores; and specialty mail-order, mail-order dispensing, and compounding pharmacies, as well as branches for infusion and enteral nutrition services. The company's Retail/LTC segment sells prescription and over-the-counter drugs, consumer health and beauty products, and personal care products; and provides health care services through its MinuteClinic walk-in medical clinics. This segment also distributes prescription drugs; and provides related pharmacy consulting and other ancillary services to care facilities and other care settings. As of December 31, 2021, it operated approximately 9,900 retail locations and 1,200 MinuteClinic locations, as well as online retail pharmacy websites, LTC pharmacies, and onsite pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.
The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the CVS wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your CVS wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
| Sep 18, 2026 | 90.00 | $0.33 | $0.39 | -0.41 | 1 | 45% | 58.8% | 158.2% | 1,458 |
| Sep 25, 2026 | 90.00 | $1.00 | $1.15 | -0.45 | 8 | 45% | 52.5% | 58.0% | 142 |
| Sep 18, 2026 | 89.00 | $0.01 | $0.13 | -0.17 | 1 | 45% | 85.4% | 53.3% | 137 |
| Oct 2, 2026 | 90.00 | $1.58 | $1.75 | -0.46 | 15 | 45% | 51.7% | 47.3% | 84 |
| Oct 9, 2026 | 90.00 | $2.23 | $2.33 | -0.46 | 22 | 45% | 51.3% | 43.0% | 19 |
| Sep 25, 2026 | 89.00 | $0.73 | $0.82 | -0.34 | 8 | 45% | 62.2% | 41.8% | 404 |
| Oct 23, 2026 | 90.00 | $2.45 | $3.65 | -0.45 | 36 | 45% | 50.9% | 41.1% | 4 |
| Oct 2, 2026 | 89.00 | $1.33 | $1.42 | -0.38 | 15 | 45% | 58.8% | 38.7% | 46 |
| Oct 16, 2026 | 90.00 | $2.65 | $2.73 | -0.45 | 29 | 45% | 51.1% | 38.2% | 1,158 |
| Oct 23, 2026 | 89.00 | $2.00 | $3.15 | -0.41 | 36 | 45% | 55.5% | 35.9% | 4 |
As of September 18, 2026
Run the Wheel on CVS With Confidence
Find the best CVS wheel strategy setups across strikes and expirations, plan ahead with at-strike values, and keep your covered calls and puts on track.
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