Understanding Elevance Health's Recent Bullish Options Activity
Elevance Health's Growing Options Landscape
Investors with substantial capital are adopting a bullish outlook on Elevance Health (ELV). This trend is essential for retail traders to understand as it often signifies movements in the market that may affect price fluctuations.
Unveiling the Recent Options Trades
Recent tracking of options activity has revealed notable trades, sparking interest in what these transactions might indicate. Despite whether these trades originate from institutional players or affluent individuals, the scale suggests that significant insights or events could be in play.
Analyzing the Current Trading Volume and Sentiments
In the realm of options for Elevance Health, the sentiment among traders appears robust, with a striking 70% leaning bullish compared to just 20% bearish. This discrepancy showcases confidence in the stock's future potential as investors actively seek opportunities to capitalize on price movements.
Understanding Trade Dynamics
From our research, it appears that out of the trades identified, there are 4 put options totaling approximately $177,169 and 6 call options amounting to around $371,640. The diversity in trade types indicates a mix of strategies at play among big-money traders.
Price Expectations for Elevance Health
Evaluating the volume and open interest detailed in these contracts indicates that prominent investors are anticipating price shifts between $290.00 and $330.00 for Elevance Health within recent quarters. This range is particularly noteworthy for potential traders considering entry points.
Volume and Open Interest Insights
Currently, the average open interest for Elevance Health options stands at an impressive 245.22, with total options volume recorded at 206.00. A closer look at the performance over the last month reveals intriguing patterns correlating with the stock's trading activity.
Insights from Recent High-Value Trades
| Symbol | Put/Call | Trade Type | Sentiment | Expiration Date | Ask Price | Bid Price | Trade Price | Strike Price | Total Trade Value | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ELV | CALL | SWEEP | BULLISH | 01/15/27 | $65.90 | $60.00 | $63.21 | $290.00 | $127,300 | 94 | 1 |
| ELV | CALL | TRADE | BULLISH | 01/15/27 | $49.00 | $44.50 | $47.33 | $330.00 | $94,600 | 49 | 20 |
| ELV | PUT | TRADE | BULLISH | 11/21/25 | $16.80 | $16.20 | $16.32 | $300.00 | $65,200 | 170 | 2 |
Company Overview: Elevance Health
Elevance Health stands tall as one of the premier health insurers in the US. With a massive enrollment of 46 million medical members, they offer a diverse range of coverage plans catering to employers, individuals, and government programs. Uniquely positioned as the largest provider of Blue Cross Blue Shield branded coverage, Elevance's expansion into pharmacy benefit management highlights their growth trajectory.
Current Status and Market Outlook
- The current trading volume is an impressive 1,021,659, with shares priced at $310.46, up by 0.75%.
- Indicators suggest that the stock may be nearing overbought territory.
- Investors eagerly await the upcoming earnings report in approximately 37 days.
Expert Opinions on Elevance Health
Over the past month, analysts have issued ratings for Elevance Health, with a consensus target price hovering around $376.00. An analyst from Barclays holds an Overweight rating, suggesting a target of $373. Another from Wells Fargo echoes this sentiment with a target of $330, while UBS remains bullish with a $425 target.
Engaging in options trading carries higher risks compared to straightforward stock trading, yet the potential for substantial returns often attracts traders. Seasoned options investors typically mitigate risks through continual learning and strategic trades based on various indicators.
Frequently Asked Questions
What does bullish options activity mean for Elevance Health?
Bullish options activity indicates that investors expect the stock price to rise, showing confidence in Elevance Health's future performance.
How many options trades were spotted for Elevance Health?
Ten notable options trades were detected, indicating significant interest from large investors.
What is the expected price range for Elevance Health?
Investors anticipate a price fluctuation between $290.00 and $330.00 based on the recent trading volume and open interest.
How can investors manage risks in options trading?
Investors manage options trading risks by being informed, diversifying strategies, and following market indicators closely.
Where can I find live options trading updates?
For real-time updates on options trades for Elevance Health, stay tuned to specialized trading platforms and financial news services.
About The Author
Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.
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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
