Whales with a lot of money to spend have taken a noticeably bullish stance on Elevance Health.
Looking at options history for Elevance Health ELV we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 0% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $384,928 and 5, calls, for a total amount of $173,590.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $290.0 and $390.0 for Elevance Health, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Elevance Health's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Elevance Health's substantial trades, within a strike price spectrum from $290.0 to $390.0 over the preceding 30 days.
Elevance Health Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ELV | PUT | SWEEP | NEUTRAL | 06/20/25 | $34.7 | $33.1 | $33.2 | $390.00 | $225.8K | 180 | 68 |
| ELV | CALL | TRADE | BULLISH | 03/21/25 | $63.5 | $58.7 | $62.05 | $340.00 | $62.0K | 25 | 25 |
| ELV | PUT | SWEEP | BULLISH | 02/21/25 | $8.6 | $7.8 | $8.01 | $360.00 | $48.1K | 56 | 62 |
| ELV | PUT | TRADE | BULLISH | 03/21/25 | $5.3 | $4.7 | $4.8 | $330.00 | $46.0K | 72 | 96 |
| ELV | PUT | TRADE | BULLISH | 06/20/25 | $8.2 | $5.6 | $5.9 | $290.00 | $38.3K | 7 | 198 |
About Elevance Health
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 47 million medical members as of December 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
After a thorough review of the options trading surrounding Elevance Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Elevance Health
- Trading volume stands at 969,108, with ELV's price up by 3.94%, positioned at $396.15.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 10 days.
What The Experts Say On Elevance Health
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $480.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Truist Securities persists with their Buy rating on Elevance Health, maintaining a target price of $480.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Elevance Health options trades with real-time alerts from Benzinga Pro.
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