CVS gamma levels.
Where CVS tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.
- CVS $87.74 · up 1.83% on the day · positive gamma overall (moves grind and levels hold)
- Levels: ★ Volt, the biggest level 85 (below price · 2.74 / 3.12% away); ↯ Surge, live flow 87 (below price · 0.74 / 0.84% away); ‖ call wall — ceiling, sticky 90 (above price · 2.26 / 2.58% away); ‖ put wall — floor, slippery 85 (below price · 2.74 / 3.12% away); ⚡ gamma flip 85.68 (below price · 2.06 / 2.35% away); ↘ Reversal 90 (above price · 2.26 / 2.58% away)
- Expected move today ±3.75
- Strikes nearest the money (high to low): 90 positive, 89 positive, 88 positive, 87.5 negative, 87 positive, 86 negative
- Weekly magnet confluence: the next 4 weekly expirations put their biggest positive-gamma level above price (agreement of positioning, not a prediction).
- Since yesterday's close, positioning grew at 87.5, 88, 92 and faded at 80, 83.
- Event pricing: the options market prices an unusually large move into 2026-11-06 (±$9.22 by that date, about 2.3x this board's normal daily move). On single names this is usually an earnings report. Descriptive of the market's own pricing, never a forecast.
- ATM implied volatility 36.3%