Elevance Health (ELV) Options Chain

NYSE: ELVHealth CareMedical SpecialitiesUSD

413.67+12.73 (+3.17%)

Market open · Delayed 15 min · as of Oct 9, 11:35 AM ET

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 7
Share price: $413.32
Put/call ratio (OI): 0.82
Put/call ratio (volume): 1.75
ATM implied volatility: 36.2%
Expected move: ±$20.72
Open interest (C / P): 4.56K / 3.73K

ELV options summary

The ELV options chain for the October 16, 2026 expiration lists 27 call and 28 put contracts, with 7 days until expiration. Open interest stands at 4,559 calls and 3,734 puts, a put/call ratio of 0.82, which is fairly balanced between calls and puts. At-the-money implied volatility near the $410.00 strike is 36.2%, which implies the market expects a move of about ±$20.72 (5.0%) in Elevance Health stock by expiration.

The most open interest sits at the $420.00 call (1.40K contracts) and the $380.00 put (1.41K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ELV options chain · October 16, 2026

ELV calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	210.00	0.00	8.60	0.35	313.3%	1	2
—	—	—	—	—	—	220.00	0.00	8.60	0.40	294.9%	1	5
—	—	—	—	—	—	230.00	0.00	8.70	0.45	278.1%	1	4
—	—	—	—	—	—	240.00	0.00	8.70	0.40	261.2%	1	3
—	—	—	—	—	—	250.00	0.00	5.50	0.60	220.0%	1	2
—	—	—	—	—	—	260.00	0.00	8.80	0.80	229.9%	1	2
1	—	199.7%	149.00	138.80	146.60	270.00	0.00	4.90	0.40	186.7%	1	1
2	—	185.7%	139.00	129.00	136.60	280.00	0.00	4.90	0.50	173.4%	1	1
—	—	—	—	—	—	290.00	0.00	4.90	0.65	160.6%	1	1
0	1	—	86.62	100.90	105.70	300.00	0.00	4.90	0.08	148.0%	41	61
—	—	—	—	—	—	310.00	0.00	4.90	0.25	135.7%	41	42
1	—	133.3%	78.10	89.40	96.60	320.00	0.00	4.90	0.25	123.7%	1	14
—	—	—	—	—	—	330.00	0.00	4.90	0.46	111.9%	1	39
—	—	—	—	—	—	340.00	0.00	4.90	0.29	100.3%	4	21
1	1	89.2%	43.00	60.10	65.80	350.00	0.00	0.35	0.20	52.6%	1	381
10	1	76.8%	26.32	49.60	55.70	360.00	0.10	0.60	0.42	50.1%	17	224
10	1	67.9%	21.50	40.30	46.00	370.00	0.20	0.95	0.52	51.2%	31	472
52	1	51.7%	33.40	30.10	35.40	380.00	0.60	1.25	0.80	44.5%	16	1,409
718	2	42.8%	18.35	22.10	25.80	390.00	1.05	2.00	1.79	39.6%	22	469
127	4	42.4%	16.28	15.60	18.20	400.00	2.40	3.80	3.78	37.1%	2	411
855	1	37.2%	5.35	9.10	10.80	410.00	5.50	7.00	9.34	35.2%	1	115
ELV $413.32
1,398	65	37.2%	4.76	4.20	6.20	420.00	10.80	12.10	11.91	33.9%	2	39
233	1	33.7%	2.83	1.60	2.55	430.00	17.10	21.60	39.20	45.6%	3	11
309	1	40.4%	1.70	0.65	1.95	440.00	25.40	29.70	28.18	47.2%	4	5
398	4	52.0%	0.40	0.10	2.25	450.00	35.00	39.90	34.86	58.5%	—	0
275	1	58.8%	0.50	0.00	2.00	460.00	45.60	49.50	55.71	65.0%	2	0
92	10	70.8%	0.68	0.00	4.90	470.00	52.80	59.30	74.20	72.1%	1	0
22	1	78.8%	0.20	0.00	4.90	480.00	0.00	0.00	80.07	—	—	0
15	9	86.4%	0.80	0.00	4.90	490.00	—	—	—	—	—	—
35	5	93.7%	0.96	0.00	4.90	500.00	—	—	—	—	—	—
0	—	25.0%	0.55	0.00	0.00	520.00	—	—	—	—	—	—
1	—	101.4%	4.65	0.00	2.85	530.00	—	—	—	—	—	—
3	1	120.3%	0.30	0.00	4.90	540.00	—	—	—	—	—	—
0	1	50.0%	0.65	0.00	0.00	560.00	—	—	—	—	—	—
0	1	50.0%	0.40	0.00	0.00	570.00	—	—	—	—	—	—
0	1	50.0%	0.40	0.00	0.00	580.00	—	—	—	—	—	—
1	1	154.4%	0.10	0.00	4.90	600.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ELV put/call ratio?

For the October 16, 2026 expiration, the ELV put/call ratio based on open interest is 0.82 (3,734 puts vs 4,559 calls), and 1.75 based on today's volume. A ratio above 1 means more puts than calls.

What is ELV's implied volatility?

At-the-money implied volatility for ELV options expiring October 16, 2026 is about 36.2%, an annualized estimate of how much the market expects Elevance Health stock to move.

How many ELV option expiration dates are there?

ELV has 9 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.