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: Jan 15, 2027
Days to expiration: 96
Share price: $412.70
Put/call ratio (OI): 0.74
Put/call ratio (volume): 0.75
ATM implied volatility: 34.8%
Expected move: ±$73.73
Open interest (C / P): 5.61K / 4.13K

ELV options summary

The ELV options chain for the January 15, 2027 expiration lists 63 call and 50 put contracts, with 96 days until expiration. Open interest stands at 5,606 calls and 4,128 puts, a put/call ratio of 0.74, which is fairly balanced between calls and puts. At-the-money implied volatility near the $410.00 strike is 34.8%, which implies the market expects a move of about ±$73.73 (17.9%) in Elevance Health stock by expiration.

The most open interest sits at the $450.00 call (857 contracts) and the $350.00 put (407 contracts).

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

ELV options chain · January 15, 2027

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
—	—	—	—	—	—	140.00	0.00	8.70	1.12	136.4%	50	81
2	1	—	140.00	174.00	183.00	145.00	0.00	5.50	0.30	120.2%	3	13
10	1	—	165.50	169.00	179.00	150.00	0.00	5.20	0.25	115.3%	1	4
—	—	—	—	—	—	155.00	0.00	5.50	0.25	113.2%	1	6
6	10	—	180.10	132.00	141.00	160.00	0.00	1.20	0.45	85.0%	1	120
—	—	—	—	—	—	165.00	0.00	4.80	1.55	103.8%	1	1
1	1	130.9%	205.50	246.10	254.50	170.00	0.00	0.00	1.30	25.0%	1	0
6	1	—	157.87	119.00	127.00	175.00	0.00	4.90	4.30	98.1%	1	72
5	6	79.8%	223.00	229.00	238.20	180.00	0.00	0.00	1.65	25.0%	1	0
—	—	—	—	—	—	185.00	0.00	5.30	1.00	93.9%	1	126
1	1	—	186.00	158.00	165.40	190.00	0.00	1.45	1.40	72.7%	1	41
12	1	74.0%	205.20	214.10	223.30	195.00	0.00	4.90	0.46	87.0%	1	25
29	1	72.9%	204.20	209.20	218.40	200.00	0.05	3.00	0.80	77.2%	10	159
0	1	—	185.00	0.00	0.00	210.00	0.00	4.90	0.55	79.4%	13	39
13	10	65.2%	176.48	189.30	198.50	220.00	0.00	4.90	4.51	74.7%	1	165
0	3	—	162.10	0.00	0.00	230.00	0.00	4.90	0.70	70.1%	4	107
164	3	58.8%	156.74	169.50	178.70	240.00	0.00	4.90	0.75	65.7%	1	27
58	1	94.5%	133.00	170.60	179.00	250.00	0.15	2.45	1.40	54.3%	2	124
0	1	—	152.32	0.00	0.00	260.00	0.00	4.90	0.95	57.4%	9	233
209	150	51.2%	159.00	140.10	149.30	270.00	0.00	4.90	3.10	53.5%	10	90
83	1	65.0%	112.00	130.30	139.60	280.00	0.00	4.90	3.60	58.9%	10	208
33	1	47.0%	117.24	116.80	125.40	290.00	0.00	4.90	2.51	54.7%	1	60
99	1	56.6%	93.60	111.20	119.80	300.00	0.00	4.90	2.15	50.6%	2	272
49	1	55.3%	96.15	102.00	111.10	310.00	0.00	4.90	4.01	46.6%	1	120
201	1	52.6%	73.00	93.00	101.90	320.00	0.20	10.00	5.20	54.3%	1	107
32	14	50.4%	67.70	84.00	93.00	330.00	2.00	10.00	5.14	49.8%	1	113
30	1	46.7%	57.80	75.30	83.40	340.00	3.40	6.10	6.50	37.7%	2	102
101	2	44.4%	47.00	66.90	74.70	350.00	3.30	9.50	7.40	40.2%	3	407
54	1	42.4%	43.40	58.90	66.30	360.00	6.10	9.20	10.30	35.4%	5	203
55	2	41.0%	37.90	53.20	58.60	370.00	7.70	12.20	14.35	35.7%	1	130
148	1	39.1%	50.03	46.00	50.80	380.00	10.50	14.50	17.60	34.2%	41	226
110	1	38.3%	31.80	40.40	44.20	390.00	14.60	19.30	19.40	35.5%	3	202
176	2	37.3%	31.60	33.50	37.90	400.00	18.70	23.40	28.10	35.1%	1	222
162	3	36.7%	30.00	27.90	32.40	410.00	22.50	26.50	29.60	32.9%	35	69
ELV $412.70
217	4	36.3%	26.97	22.70	27.50	420.00	27.10	33.00	42.20	34.2%	1	69
198	11	35.9%	18.50	18.20	23.20	430.00	32.60	38.30	44.00	33.3%	4	10
401	4	33.3%	17.96	13.90	17.50	440.00	39.20	43.00	44.60	31.1%	1	77
857	4	34.6%	14.30	10.70	15.50	450.00	46.10	50.50	68.00	31.6%	1	40
134	11	34.3%	10.80	8.70	12.70	460.00	53.10	58.60	76.40	32.4%	1	8
651	2	36.4%	8.80	6.40	11.90	470.00	61.10	67.50	73.90	34.0%	1	9
130	3	33.7%	6.25	4.70	8.20	480.00	106.70	115.00	189.60	79.4%	1	0
126	6	34.5%	6.00	3.30	7.10	490.00	90.90	96.20	79.70	52.0%	2	1
164	1	38.5%	2.88	2.75	8.00	500.00	173.10	180.90	208.50	140.5%	2	0
27	1	40.2%	2.95	1.60	7.60	510.00	96.40	103.90	121.83	38.4%	1	9
50	1	34.9%	2.02	1.30	3.90	520.00	169.00	178.00	137.91	118.9%	1	11
59	1	39.7%	2.40	0.05	5.10	530.00	118.90	124.40	199.90	43.8%	1	5
29	2	39.1%	0.01	0.95	4.00	540.00	114.00	123.00	141.11	—	22	12
0	1	12.5%	3.00	0.00	0.00	550.00	—	—	—	—	—	—
89	3	39.9%	2.81	0.00	3.00	560.00	185.00	192.00	228.33	99.5%	1	0
261	7	51.2%	3.27	0.00	6.80	570.00	—	—	—	—	—	—
0	1	12.5%	1.70	0.00	0.00	580.00	171.00	181.00	171.71	57.0%	—	1
12	3	54.2%	8.00	0.05	6.50	590.00	181.00	191.00	179.74	58.8%	—	2
46	18	52.0%	1.05	0.00	4.90	600.00	—	—	—	—	—	—
8	1	53.6%	7.00	0.00	4.90	610.00	—	—	—	—	—	—
77	1	55.2%	1.00	0.00	4.90	620.00	—	—	—	—	—	—
34	4	53.2%	0.65	0.00	7.40	630.00	—	—	—	—	—	—
3	2	54.7%	0.60	0.00	7.40	640.00	—	—	—	—	—	—
11	11	54.0%	0.50	0.00	6.20	650.00	—	—	—	—	—	—
9	—	52.9%	0.50	0.00	4.90	660.00	—	—	—	—	—	—
0	1	12.5%	1.50	0.00	0.00	670.00	—	—	—	—	—	—
5	—	65.4%	7.30	2.90	7.90	680.00	—	—	—	—	—	—
0	7	25.0%	0.95	0.00	0.00	690.00	—	—	—	—	—	—
4	2	50.4%	0.10	0.00	2.15	700.00	—	—	—	—	—	—
7	—	61.4%	0.72	0.00	5.40	720.00	—	—	—	—	—	—
3	2	62.5%	0.10	0.00	4.90	740.00	—	—	—	—	—	—
1	1	66.9%	0.40	0.00	4.90	780.00	—	—	—	—	—	—
144	6	68.9%	0.90	0.00	4.90	800.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the ELV put/call ratio based on open interest is 0.74 (4,128 puts vs 5,606 calls), and 0.75 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 January 15, 2027 is about 34.8%, 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.