The May 2025 CVS $30 Put option (CVS250516P00030000) has surged 63% over the past six months, with a solid 27% return in the past three months. Currently trading at $0.44, with a bid-ask spread of $0.42–$0.47 and an implied volatility of around 52%, this option is drawing attention from risk-tolerant traders. With open interest at 8,478 contracts, it presents a compelling hedge for those betting on further downside. For investors seeking asymmetric opportunities, this low-cost option could be the perfect fit to capitalize on future market swings.