CAH options flow: unusual options activity in Cardinal Health Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 6 unusual options prints in Cardinal Health Inc. (CAH), $386K of tracked premium, leaning firmly bullish. Bullish premium was $325K against $61K bearish; $386K went into calls and $0 into puts, a put call ratio of 0.00. The largest print was $194K of CAH 20 Nov 2026 $240 calls on 21 September 2026, swept at ask. The last session with prints, 22 September 2026, added 4 prints and $157K of premium. CAH closed at $220.22 on 25 September 2026, down 1.1%.
This week's unusual flow
Prints from 21 September 2026 to 22 September 2026, 2 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | CAH 20 Nov 2026 $240 calls | Sweep | 294 | 4 | $194K | At ask | Bullish | High conviction |
| 22 Sep 2026 | CAH 16 Oct 2026 $230 calls | Sweep | 215 | 363 | $60K | At ask | Bullish | High conviction |
| 22 Sep 2026 | CAH 15 Jan 2027 $250 calls | Trade | 56 | 268 | $36K | At ask | Bullish | |
| 22 Sep 2026 | CAH 17 Jun 2027 $200 calls | Trade | 9 | 18 | $36K | At bid | Bearish | |
| 21 Sep 2026 | CAH 16 Oct 2026 $227.50 calls | Trade | 63 | 0 | $35K | At ask | Bullish | Notable |
| 22 Sep 2026 | CAH 20 Nov 2026 $250 calls | Trade | 76 | 49 | $25K | At bid | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 20 Nov 2026 | 2 | $219K | 100% | +$169K |
| 16 Oct 2026 | 2 | $95K | 100% | +$95K |
| 15 Jan 2027 | 1 | $36K | 100% | +$36K |
| 17 Jun 2027 | 1 | $36K | 100% | -$36K |
The most premium, $219K, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 22 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | CAH 16 Oct 2026 $230 calls | Sweep | 215 | 363 | $60K | At ask | Bullish | High conviction |
| 22 Sep 2026 | CAH 15 Jan 2027 $250 calls | Trade | 56 | 268 | $36K | At ask | Bullish | |
| 22 Sep 2026 | CAH 17 Jun 2027 $200 calls | Trade | 9 | 18 | $36K | At bid | Bearish | |
| 22 Sep 2026 | CAH 20 Nov 2026 $250 calls | Trade | 76 | 49 | $25K | At bid | Bearish |
Every print in CAH with its full detail, the live tape, one tap filters and saved screeners: open CAH in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open CAH in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 12 firms, have a median of $274, 24.6% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Cardinal Health Inc.
- Exchange
- NYSE
- Sector
- Health Care
- Industry
- Wholesale
- Headquarters
- Dublin, Ohio
- Website
- cardinalhealth.com
Cardinal Health, Inc. operates in two segments, Pharmaceutical and Medical. The Medical segment manufactures, sources, and distributes Cardinal Health branded medical, surgical, and laboratory products and devices. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products.
In the same sector
Flow pages for other Health Care names in the S&P 500:
LLY Eli Lilly & Co.JNJ Johnson & JohnsonABBV AbbVie Inc.MRK Merck & Co. Inc.UNH UnitedHealth Group Inc.TMO Thermo Fisher Scientific Inc.AMGN Amgen Inc.GILD Gilead Sciences, Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for CAH with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open CAH in Options Sentiment Screener