Elevance Health (ELV) Options Chain

NYSE: ELVHealth CareMedical SpecialitiesUSD

412.70+11.76 (+2.93%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $412.70
Put/call ratio (OI): 2.11
Put/call ratio (volume): 1.31
ATM implied volatility: 38.0%
Expected move: ±$67.68
Open interest (C / P): 999 / 2.11K

ELV options summary

The ELV options chain for the December 18, 2026 expiration lists 34 call and 43 put contracts, with 68 days until expiration. Open interest stands at 999 calls and 2,111 puts, a put/call ratio of 2.11, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $410.00 strike is 38.0%, which implies the market expects a move of about ±$67.68 (16.4%) in Elevance Health stock by expiration.

The most open interest sits at the $470.00 call (99 contracts) and the $280.00 put (354 contracts).

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

ELV options chain · December 18, 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
—	—	—	—	—	—	145.00	0.00	0.00	1.95	50.0%	2	0
0	—	—	150.72	0.00	0.00	150.00	0.00	0.00	2.20	50.0%	1	0
—	—	—	—	—	—	155.00	0.00	2.10	0.25	113.0%	1	7
—	—	—	—	—	—	160.00	0.00	0.00	3.00	50.0%	1	0
—	—	—	—	—	—	165.00	0.00	0.00	3.10	50.0%	1	0
—	—	—	—	—	—	170.00	0.00	4.80	2.34	119.4%	1	3
—	—	—	—	—	—	180.00	0.00	4.80	1.10	112.5%	1	1
—	—	—	—	—	—	185.00	0.00	6.00	0.40	114.2%	1	3
—	—	—	—	—	—	190.00	0.00	3.00	0.45	97.0%	1	2
—	—	—	—	—	—	195.00	0.00	3.00	0.15	94.1%	3	3
—	—	—	—	—	—	200.00	0.05	6.20	4.90	105.3%	1	1
—	—	—	—	—	—	210.00	0.00	4.50	2.15	92.6%	1	2
—	—	—	—	—	—	220.00	0.00	2.25	0.70	76.5%	1	3
2	2	118.7%	107.48	188.50	196.90	230.00	0.00	0.00	1.50	25.0%	1	0
0	—	—	69.60	0.00	0.00	240.00	0.00	4.90	3.45	77.9%	1	17
3	1	—	165.00	139.30	148.20	250.00	0.00	4.80	3.55	72.6%	1	14
0	1	—	100.00	0.00	0.00	260.00	0.00	4.90	0.87	68.1%	1	41
4	5	101.8%	110.00	151.60	160.00	270.00	0.00	4.90	1.00	63.4%	26	40
1	—	—	58.59	117.90	126.00	280.00	0.00	1.00	1.00	49.2%	10	354
1	1	94.6%	54.20	133.90	142.00	290.00	0.00	0.00	3.03	12.5%	1	0
24	2	42.4%	86.73	106.20	113.80	300.00	0.00	4.90	1.45	50.2%	1	113
0	1	—	97.00	0.00	0.00	310.00	0.00	2.45	1.90	46.0%	1	61
18	1	—	91.32	68.10	77.00	320.00	0.00	4.90	3.74	50.7%	8	159
14	1	36.0%	106.69	76.00	84.70	330.00	0.05	7.90	4.80	54.1%	1	77
0	1	—	79.20	0.00	0.00	340.00	0.95	4.70	4.40	41.0%	1	233
23	1	47.4%	62.35	66.10	72.10	350.00	4.10	5.70	4.60	39.1%	4	232
0	4	—	53.80	0.00	0.00	360.00	4.80	9.10	6.50	41.7%	5	261
11	2	44.2%	44.30	47.50	56.00	370.00	6.40	11.20	11.90	40.5%	2	72
10	1	42.5%	44.80	41.80	48.40	380.00	6.80	14.60	10.60	40.8%	1	125
87	1	41.3%	29.00	35.10	41.50	390.00	10.00	16.80	23.80	38.3%	3	45
58	1	40.5%	26.55	28.70	35.30	400.00	13.70	21.70	16.70	39.2%	4	171
53	3	39.8%	22.80	24.30	29.70	410.00	18.20	24.50	21.80	36.2%	1	20
ELV $412.70
71	9	35.7%	22.60	19.20	22.30	420.00	24.80	29.00	26.60	34.9%	23	17
80	1	35.5%	15.30	13.70	18.20	430.00	29.50	37.00	31.60	37.7%	2	3
88	3	39.6%	14.10	10.30	17.60	440.00	36.20	40.80	45.00	33.6%	2	10
65	6	39.5%	12.08	6.70	14.50	450.00	58.60	66.00	89.10	54.9%	1	4
79	6	39.9%	8.70	4.40	12.20	460.00	51.20	57.40	70.20	36.5%	1	4
99	2	39.9%	4.30	2.90	10.00	470.00	59.50	65.30	64.76	36.3%	1	4
27	12	39.8%	5.44	4.10	8.10	480.00	77.70	86.40	110.50	51.4%	3	3
52	1	41.3%	2.40	0.10	7.30	490.00	77.00	82.20	107.75	36.1%	1	3
67	1	46.3%	2.85	1.00	8.30	500.00	86.10	93.10	113.50	41.0%	3	3
30	2	39.2%	2.87	0.00	4.00	510.00	95.50	102.20	107.69	41.5%	1	0
19	18	44.1%	3.00	0.00	4.90	520.00	0.00	0.00	122.00	—	—	0
3	1	38.9%	1.50	0.00	1.90	540.00	—	—	—	—	—	—
6	5	53.7%	5.42	0.80	9.20	560.00	—	—	—	—	—	—
4	1	56.2%	0.85	0.00	4.90	620.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the ELV put/call ratio based on open interest is 2.11 (2,111 puts vs 999 calls), and 1.31 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 December 18, 2026 is about 38.0%, 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.