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Decoding Elevance Health's Options Activity: What's the Big Picture?

Benzinga ·  Sep 23 14:31

Whales with a lot of money to spend have taken a noticeably bullish stance onElevance Health.

Looking at options history for Elevance Health (NYSE:ELV) we detected 14 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $393,037 and 6, calls, for a total amount of $166,060.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $490.0 to $540.0 for...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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