Best Options Strategy for DVA
Looking for the best options strategy for DaVita Inc. (DVA)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live DVA option chain right now, and a simple map from your view on DVA to the strategy that fits it. Model any of them in the calculator before you trade.
About DVA
DaVita Inc. (DVA) is a major company in Medical Care Facilities. Options traders on DVA tend to watch , since these can drive large moves in the share price.
About DaVita Inc.
DaVita Inc. operates a network of kidney dialysis centers across the United States that treat patients with chronic kidney failure and end-stage renal disease. Beyond running dialysis facilities, the company provides various forms of dialysis treatment including outpatient hemodialysis, hospital-based dialysis, and home dialysis options. DaVita also runs clinical laboratories that handle routine tests for dialysis patients and other specialized lab work ordered by physicians. The company's service portfolio extends to disease management programs, physician services, and comprehensive kidney care coordination. Additionally, DaVita develops and operates software systems used in transplant centers.
The company generates revenue primarily through payments from Medicare, Medicaid, and private insurance for dialysis treatments and related services delivered at its treatment centers. DaVita operates hundreds of dialysis facilities nationwide and serves hundreds of thousands of patients. A significant portion of its revenue comes from government healthcare programs, given that dialysis patients typically qualify for Medicare coverage. The company also participates in value-based care…
Today's top-scoring strategy for DVA
Our engine ranks defined-risk strategies on the live DVA chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | PUT | $155 | $0.42 |
| Sell | 1× | PUT | $170 | $2.40 |
| Sell | 1× | CALL | $190 | $3.90 |
| Buy | 1× | CALL | $210 | $0.55 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $226 | −$1,349 | −$1,275 | −$1,201 | −$1,135 | −$1,080 |
| $217 | −$1,167 | −$1,079 | −$1,006 | −$950 | −$909 |
| $208 | −$843 | −$783 | −$743 | −$720 | −$710 |
| $199 | −$409 | −$424 | −$447 | −$476 | −$509 |
| $190 | $2 | −$96 | −$187 | −$269 | −$342 |
| $181 | $214 | $77 | −$47 | −$156 | −$249 |
| $172 | $124 | $17 | −$84 | −$175 | −$256 |
| $163 | −$221 | −$246 | −$280 | −$320 | −$363 |
| $154 | −$621 | −$575 | −$547 | −$533 | −$532 |
| $145 | −$871 | −$821 | −$774 | −$737 | −$709 |
| $136 | −$954 | −$933 | −$905 | −$874 | −$845 |
Live scan from 2026-08-14 · quotes delayed ~15 minutes
Historical backtest: how a Iron Condor on DVA would have performed
We approximated a Iron Condor on DVA, entered repeatedly over the past year (92 historical entries, each held to expiration) with Black-Scholes-modelled entry premiums. Here is how that would have played out on real DVA price history — an educational backtest, not a prediction of future returns.
Approximate: entry premiums are modelled with Black-Scholes from trailing realised volatility, held to expiration and settled against the real historical close. Real fills, implied volatility and slippage differ — treat it as directional context, not exact returns.
Implied volatility
DVA is currently trading with moderate implied volatility, broadly in line with other large-cap stocks. On the options we scanned that was around 34% implied volatility, and higher implied volatility means richer premiums and wider expected moves.
Options on DVA currently price in about 34% implied volatility, versus roughly 59% the stock has actually realised over the past month. That makes options relatively cheap — an edge for strategies that buy premium, such as long calls, long puts and debit spreads.
DVA's IV Rank is 0/100: implied volatility sits 0% of the way between its 22-day low (34%) and high (64%), and is above 0% of recorded days. Premium is historically cheap, which favours net-debit strategies like long options and debit spreads.
Off that volatility, the options market is pricing a move of about ±$18.68 (±10%) in DVA by 2026-09-18 — a range of roughly $162 to $200. Strikes inside that band hold most of the premium and see most of the action.
Across strikes, downside puts on DVA trade at a higher implied volatility than upside calls — the market is paying up for crash protection. That skew favours selling put spreads or buying calls over symmetric trades.
DVA options chain highlights: open interest, volume and skew
The live DVA options chain shows a put/call open-interest ratio of 0.23 (bullish-leaning (more calls)), with at-the-money implied volatility near 34%. Open interest clusters at the $195 call — a common resistance "wall" — and the $155 put, a support "wall": the strikes option writers are most exposed to into expiration.
Snapshot of open interest, volume and implied volatility for the nearest scanned expiration — context, not a trading signal.
DVA insider trading activity (SEC Form 4)
Open-market insider transactions at DVA over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC | Sell | 182,980 | $36.5M | 2026-07-31 |
| Rodriguez Javier | Sell | 39,407 | $8.2M | 2026-06-16 |
| Waters Kathleen Alyce | Sell | 6,455 | $1.4M | 2026-06-15 |
| Waters Kathleen Alyce | Sell | 8,950 | $1.9M | 2026-06-15 |
| Rodriguez Javier | Sell | 30,000 | $6.3M | 2026-06-15 |
| HEARTY JAMES O | Sell | 15,000 | $2.9M | 2026-05-15 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
DVA congressional trading (STOCK Act)
Recent DVA stock trades disclosed by members of the US Congress under the STOCK Act. Lawmakers must report trades within 45 days; amounts are disclosed only as broad ranges, and a trade is not an endorsement — treat it as context, not a signal.
| Member | Chamber | Action | Amount | Date |
|---|---|---|---|---|
| Julie Johnson (TX32) | House | Buy | $1,001 - $15,000 | 2025-09-23 |
| Julie Johnson (TX32) | House | Sell | $1,001 - $15,000 | 2025-09-23 |
Source: US House & Senate financial disclosures via Financial Modeling Prep. Amounts are the disclosed ranges. Informational context, not investment advice.
Liquidity and tradeability
DVA options are thinly traded, with wide bid-ask spreads around 18.8% near the money that eat into any edge — favour simple single-leg or tight defined-risk trades, and always use limit orders.
Earnings & IV crush
DVA's next earnings report is due around October 28, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $12.1B
- Beta (vs market)
- 0.87
- 52-week range
- $101.00–$247.49 (55% up the range)
- Short interest
- 13.7% of float · 5.3 days to cover
With 13.7% of DVA's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for DVA
Start with your outlook on DVA, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while DVA stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open DVA in the free calculator →
Frequently asked questions
What is the best options strategy for DVA?
It depends on your outlook. Bullish traders often use a long call or bull call spread on DVA; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are DVA options liquid enough to trade?
DaVita Inc. (DVA) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade DVA options?
Buying a single DVA call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade DVA or any security. Do your own research.
What does DaVita Inc. do?
DaVita Inc. (DVA) operates in the Medical Care Facilities industry. The "About DaVita Inc." section above gives a fuller picture of what the company does and how it earns money.
Does DaVita Inc. pay a dividend?
We don't show a confirmed dividend yield for DaVita Inc. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does DaVita Inc. next report earnings?
DaVita Inc.'s next earnings are expected around October 28, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to DVA
Comparing DVA with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 2000 16th Street, Denver, CO, 80202, United States
- Industry
- Medical Care Facilities
- Employees
- 78,000
- CEO
- Mr. Javier J. Rodriguez
- Phone
- 720 631 2100
- Website
- www.davita.com
- Investor relations
- phx.corporate-ir.net/phoenix.zhtml?c=76556&p=irol-irhome
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