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: Mar 19, 2027
Days to expiration: 159
Share price: $412.70
Put/call ratio (OI): 0.64
Put/call ratio (volume): 1.19
ATM implied volatility: 36.5%
Expected move: ±$99.48
Open interest (C / P): 1.45K / 930

ELV options summary

The ELV options chain for the March 19, 2027 expiration lists 38 call and 40 put contracts, with 159 days until expiration. Open interest stands at 1,447 calls and 930 puts, a put/call ratio of 0.64, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $410.00 strike is 36.5%, which implies the market expects a move of about ±$99.48 (24.1%) in Elevance Health stock by expiration.

The most open interest sits at the $440.00 call (265 contracts) and the $350.00 put (156 contracts).

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

ELV options chain · March 19, 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
—	—	—	—	—	—	145.00	0.00	5.50	0.40	93.6%	1	4
—	—	—	—	—	—	150.00	0.00	5.60	0.45	91.1%	1	3
—	—	—	—	—	—	155.00	0.00	4.10	0.50	83.3%	1	3
—	—	—	—	—	—	160.00	0.00	5.50	0.60	85.5%	1	1
—	—	—	—	—	—	165.00	0.00	5.70	0.65	83.6%	1	1
—	—	—	—	—	—	170.00	0.00	7.20	0.70	85.2%	1	3
—	—	—	—	—	—	175.00	0.00	6.40	0.75	80.7%	1	2
—	—	—	—	—	—	180.00	0.05	10.00	6.98	86.7%	—	1
—	—	—	—	—	—	195.00	0.00	1.90	2.93	57.2%	3	4
—	—	—	—	—	—	200.00	0.00	4.80	2.40	65.5%	2	3
1	1	—	211.90	190.90	199.60	210.00	0.00	0.00	1.31	25.0%	1	0
0	1	—	184.17	0.00	0.00	220.00	0.05	1.60	0.65	53.5%	18	53
1	1	—	197.85	171.90	180.50	230.00	0.00	7.50	2.31	59.9%	20	22
3	1	—	188.70	162.40	171.00	240.00	0.00	6.80	3.60	55.0%	1	2
6	1	—	136.00	154.20	161.70	250.00	0.00	6.40	4.10	50.8%	9	12
2	2	—	172.35	144.70	152.30	260.00	0.05	5.90	2.00	55.4%	6	44
2	1	31.1%	128.18	135.80	143.20	270.00	0.05	6.60	9.99	53.5%	1	6
7	1	34.8%	111.85	127.00	134.20	280.00	0.00	4.60	4.60	45.1%	5	11
0	1	—	121.00	0.00	0.00	290.00	0.95	6.80	3.00	46.9%	1	55
8	1	48.7%	117.55	116.80	122.30	300.00	2.15	7.20	5.10	44.3%	7	26
12	1	48.6%	112.87	107.00	114.40	310.00	3.10	5.70	6.45	38.0%	2	150
23	1	45.4%	98.10	100.50	104.70	320.00	5.10	7.30	10.00	37.8%	3	30
0	1	—	88.27	0.00	0.00	330.00	6.40	10.20	7.50	39.1%	1	17
3	1	44.1%	80.06	83.90	89.20	340.00	8.60	12.00	9.90	38.2%	4	28
38	1	42.9%	69.00	74.70	81.40	350.00	10.70	11.90	11.30	34.5%	6	156
16	7	41.9%	61.40	67.10	74.00	360.00	13.20	15.00	13.80	34.7%	8	6
42	1	39.7%	56.80	60.30	65.70	370.00	15.30	19.40	24.00	35.8%	3	28
49	3	39.2%	47.00	53.20	59.30	380.00	17.10	22.80	23.20	35.3%	1	115
48	1	38.5%	45.14	47.20	53.00	390.00	21.00	26.70	34.82	35.0%	3	20
60	4	37.9%	35.70	41.60	47.20	400.00	25.60	29.30	32.30	33.0%	1	40
63	1	37.7%	42.03	37.80	42.20	410.00	30.20	37.00	39.10	35.4%	7	27
ELV $412.70
174	4	37.4%	30.30	31.70	37.50	420.00	35.50	40.90	42.90	33.9%	1	36
29	4	37.2%	26.30	29.70	33.20	430.00	42.80	46.40	44.20	33.4%	2	5
265	8	37.6%	24.90	25.50	30.00	440.00	—	—	—	—	—	—
246	1	38.0%	18.90	20.00	27.00	450.00	62.20	71.00	60.81	44.2%	1	4
25	4	38.0%	17.50	17.00	24.00	460.00	0.00	0.00	85.50	—	1	0
50	5	37.1%	14.90	14.80	20.40	470.00	101.00	111.00	179.50	63.9%	1	2
17	3	37.4%	13.10	12.00	18.20	480.00	154.00	164.00	189.00	106.2%	—	1
18	1	37.8%	11.30	9.80	16.40	490.00	92.40	101.00	109.50	45.4%	1	6
131	1	38.3%	10.40	8.30	14.90	500.00	126.00	135.00	210.30	66.6%	1	2
3	1	38.4%	10.40	6.50	13.20	510.00	100.50	105.50	127.50	32.2%	1	1
14	12	38.9%	8.20	6.60	12.00	520.00	—	—	—	—	—	—
30	26	39.9%	4.40	3.30	10.00	540.00	—	—	—	—	—	—
8	—	41.6%	3.90	4.10	10.00	550.00	—	—	—	—	—	—
7	—	43.2%	14.10	1.35	10.00	560.00	—	—	—	—	—	—
8	2	38.8%	2.70	1.70	5.40	580.00	—	—	—	—	—	—
25	2	44.2%	1.60	0.85	6.90	600.00	—	—	—	—	—	—
13	1	41.9%	1.10	0.00	4.40	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 March 19, 2027 expiration, the ELV put/call ratio based on open interest is 0.64 (930 puts vs 1,447 calls), and 1.19 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 March 19, 2027 is about 36.5%, 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.