Financial giants have made a conspicuous bullish move on Elevance Health. Our analysis of options history for Elevance Health ELV revealed 12 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $248,785, and 4 were calls, valued at $134,250.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $450.0 for Elevance Health over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Elevance Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Elevance Health's significant trades, within a strike price range of $300.0 to $450.0, over the past month.
Elevance Health Call and Put Volume: 30-Day Overview
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 | BULLISH | 01/16/26 | $44.4 | $42.9 | $43.4 | $400.00 | $43.4K | 159 | 20 |
| ELV | PUT | TRADE | BULLISH | 01/16/26 | $44.4 | $42.9 | $42.9 | $400.00 | $42.9K | 159 | 10 |
| ELV | CALL | TRADE | BEARISH | 02/21/25 | $9.6 | $9.5 | $9.5 | $400.00 | $38.0K | 845 | 257 |
| ELV | CALL | TRADE | BEARISH | 02/21/25 | $99.9 | $95.0 | $95.0 | $300.00 | $38.0K | 5 | 4 |
| ELV | CALL | SWEEP | BEARISH | 01/16/26 | $51.5 | $47.5 | $47.5 | $400.00 | $33.2K | 886 | 9 |
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
- With a volume of 1,208,940, the price of ELV is up 4.68% at $409.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What Analysts Are Saying About Elevance Health
In the last month, 1 experts released ratings on this stock with 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 are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Elevance Health, Benzinga Pro gives you real-time options trades alerts.
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