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Best Options Strategy for DVA

By Yojana Mandon · Updated 2026-07-02 · 2 min read · Risk disclaimer

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.

Iron Butterfly neutral
Price: $235.39Implied volatility: 35%Expiration: 2026-07-17 (14d)
ActionQtyTypeStrikePremium
BuyPUT$200$0.34
SellPUT$240$9.05
SellCALL$240$4.15
BuyCALL$280$0.20
P/L at expiry vs today At expiry Today ±1σ
$152$240$328
Max Profit
$1,266
Max Loss
−$2,734
Net Credit (received)
$1,266
Prob. of Profit
53%
Breakeven(s)
$227.34, $252.66
Implied Vol (ATM)
35%
Position Greeks
Δ
18.91
Γ
−4.423
Θ
42.22
ν
−33.97
Time decay (price held)
Implied-volatility skew

Simulation

Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.

Win rate
53%
Mean P/L
−$93
Median
$92
Exp. move (1σ)
7%
5th pct
−$2,006
25th pct
−$718
75th pct
$708
95th pct
$1,151
$-2685$-734$1216
Analyze DVA in the calculator → Share this pick ↗

Live scan from 2026-07-02 · quotes delayed ~15 minutes

Implied volatility

DVA is currently trading with elevated implied volatility, so its options carry richer premiums. On the options we scanned that was around 35% implied volatility, and higher implied volatility means richer premiums and wider expected moves.

Options on DVA currently price in about 35% implied volatility, versus roughly 24% the stock has actually realised over the past month. That makes options relatively expensive — an edge for strategies that sell premium, such as credit spreads and iron condors.

Off that volatility, the options market is pricing a move of about ±$16.5 (±7%) in DVA by 2026-07-17 — a range of roughly $219 to $252. 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.

Liquidity and tradeability

DVA options are thinly traded, with wide bid-ask spreads around 19.1% 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 August 5, 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
$15.1B
Beta (vs market)
0.91
52-week range
$101.00–$236.51 (99% up the range)
Short interest
14.1% of float · 5.8 days to cover

With 14.1% of DVA's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.

Other strong setups for DVA

If your view on DVA differs, these also scored well in the latest scan:

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

You expect DVA to rise

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

You expect DVA to fall

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

You expect DVA to trade in a range

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 →

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?

DaVita Inc. does not currently pay a dividend, so there is no ex-dividend assignment risk to plan around for options strategies.

When does DaVita Inc. next report earnings?

DaVita Inc.'s next earnings are expected around August 5, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.

Tickers related to DVA

Comparing DVA with similar names can help you choose the best options strategy:

MCOMoody's Corporation

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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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.