ELV · Elevance Health, Inc.

Track ELV — free Ask ALVIS about ELV

$377.68 -1.63 (-0.43%) At close · Jul 24

Market Cap

$81.91B

216.87M

Options Chain

15-min delayed Underlying $377.68 · at close Jul 24, 2026 Options Calculator

Positioning

Aug 21, 2026 · 26 days to expiry · 84 contracts

Put / call OI

0.59

Call-heavy positioning

Open interest

5,451

contracts outstanding

Volume

290

traded today

Max pain

$390.00

$12.32 above spot

ATM implied vol

33.6%

market's expected move

Open interest by strike · near the money

Calls Puts

190

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Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 26d Sep 18 54d Oct 16 82d Nov 20 117d Dec 18 145d Jan 15 173d Mar 19 236d Jun 17 326d Jan 21 544d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	161%	0.964	—		—	-0.015	128.8%	—	0
Call · $190 In the money Last — Breakeven — Implied vol 161% Delta 0.964 ≈96% ITM Gamma 0 Theta -0.239 Vega 0.071 Open interest 0 Model this call Put · $190 Last — Breakeven — Implied vol 128.8% Delta -0.015 ≈2% ITM Gamma 0 Theta -0.094 Vega 0.036 Open interest 0 Model this put
0	—	146%	0.969	—		—	-0.016	124.4%	—	0
Call · $195 In the money Last — Breakeven — Implied vol 146% Delta 0.969 ≈97% ITM Gamma 0 Theta -0.187 Vega 0.072 Open interest 0 Model this call Put · $195 Last — Breakeven — Implied vol 124.4% Delta -0.016 ≈2% ITM Gamma 0 Theta -0.093 Vega 0.036 Open interest 0 Model this put
0	—	140.9%	0.968	—		—	-0.016	120.2%	—	0
Call · $200 In the money Last — Breakeven — Implied vol 140.9% Delta 0.968 ≈97% ITM Gamma 0 Theta -0.186 Vega 0.073 Open interest 0 Model this call Put · $200 Last — Breakeven — Implied vol 120.2% Delta -0.016 ≈2% ITM Gamma 0 Theta -0.093 Vega 0.037 Open interest 0 Model this put
0	—	141.2%	0.959	—		$0.35	-0.017	112%	1	2
Call · $210 In the money Last — Breakeven — Implied vol 141.2% Delta 0.959 ≈96% ITM Gamma 0.001 Theta -0.237 Vega 0.075 Open interest 0 Model this call Put · $210 Last $0.35 Breakeven $209.65 Implied vol 112% Delta -0.017 ≈2% ITM Gamma 0 Theta -0.092 Vega 0.038 Open interest 2 Model this put
0	—	123.3%	0.963	—		—	-0.019	104.3%	—	0
Call · $220 In the money Last — Breakeven — Implied vol 123.3% Delta 0.963 ≈96% ITM Gamma 0.001 Theta -0.188 Vega 0.077 Open interest 0 Model this call Put · $220 Last — Breakeven — Implied vol 104.3% Delta -0.019 ≈2% ITM Gamma 0 Theta -0.091 Vega 0.039 Open interest 0 Model this put
0	—	114.5%	0.96	—		$0.50	-0.02	96.9%	3	7
Call · $230 In the money Last — Breakeven — Implied vol 114.5% Delta 0.96 ≈96% ITM Gamma 0.001 Theta -0.185 Vega 0.079 Open interest 0 Model this call Put · $230 Last $0.50 Breakeven $229.50 Implied vol 96.9% Delta -0.02 ≈2% ITM Gamma 0 Theta -0.091 Vega 0.04 Open interest 7 Model this put
0	—	107.3%	0.956	—		$0.95	-0.023	91%	2	6
Call · $240 In the money Last — Breakeven — Implied vol 107.3% Delta 0.956 ≈96% ITM Gamma 0.001 Theta -0.19 Vega 0.081 Open interest 0 Model this call Put · $240 Last $0.95 Breakeven $239.05 Implied vol 91% Delta -0.023 ≈2% ITM Gamma 0.001 Theta -0.095 Vega 0.041 Open interest 6 Model this put
0	—	99.2%	0.953	—		$0.50	-0.023	83%	1	3
Call · $250 In the money Last — Breakeven — Implied vol 99.2% Delta 0.953 ≈95% ITM Gamma 0.001 Theta -0.187 Vega 0.083 Open interest 0 Model this call Put · $250 Last $0.50 Breakeven $249.50 Implied vol 83% Delta -0.023 ≈2% ITM Gamma 0.001 Theta -0.089 Vega 0.041 Open interest 3 Model this put
0	—	98.3%	0.938	—		—	-0.025	75.9%	—	0
Call · $260 In the money Last — Breakeven — Implied vol 98.3% Delta 0.938 ≈94% ITM Gamma 0.001 Theta -0.232 Vega 0.146 Open interest 0 Model this call Put · $260 Last — Breakeven — Implied vol 75.9% Delta -0.025 ≈3% ITM Gamma 0.001 Theta -0.087 Vega 0.084 Open interest 0 Model this put
0	—	90.2%	0.932	—		—	-0.028	68.9%	—	0
Call · $270 In the money Last — Breakeven — Implied vol 90.2% Delta 0.932 ≈93% ITM Gamma 0.001 Theta -0.227 Vega 0.149 Open interest 0 Model this call Put · $270 Last — Breakeven — Implied vol 68.9% Delta -0.028 ≈3% ITM Gamma 0.001 Theta -0.084 Vega 0.086 Open interest 0 Model this put
0	—	80.6%	0.93	—		$1.00	-0.027	60.8%	3	3
Call · $280 In the money Last — Breakeven — Implied vol 80.6% Delta 0.93 ≈93% ITM Gamma 0.002 Theta -0.21 Vega 0.152 Open interest 0 Model this call Put · $280 Last $1.00 Breakeven $279.00 Implied vol 60.8% Delta -0.027 ≈3% ITM Gamma 0.001 Theta -0.073 Vega 0.088 Open interest 3 Model this put
0	—	75.3%	0.917	—		$0.55	-0.035	56.3%	35	6
Call · $290 In the money Last — Breakeven — Implied vol 75.3% Delta 0.917 ≈92% ITM Gamma 0.002 Theta -0.223 Vega 0.154 Open interest 0 Model this call Put · $290 Last $0.55 Breakeven $289.45 Implied vol 56.3% Delta -0.035 ≈3% ITM Gamma 0.001 Theta -0.083 Vega 0.089 Open interest 6 Model this put
0	—	68.3%	0.907	—		$0.44	-0.037	49.5%	7	21
Call · $300 In the money Last — Breakeven — Implied vol 68.3% Delta 0.907 ≈91% ITM Gamma 0.002 Theta -0.221 Vega 0.157 Open interest 0 Model this call Put · $300 Last $0.44 Breakeven $299.56 Implied vol 49.5% Delta -0.037 ≈4% ITM Gamma 0.002 Theta -0.077 Vega 0.091 Open interest 21 Model this put
3	3	62.8%	0.892	$81.26		$0.81	-0.044	44%	1	41
Call · $310 In the money Last $81.26 Breakeven $391.26 Implied vol 62.8% Delta 0.892 ≈89% ITM Gamma 0.003 Theta -0.229 Vega 0.16 Open interest 3 Model this call Put · $310 Last $0.81 Breakeven $309.19 Implied vol 44% Delta -0.044 ≈4% ITM Gamma 0.002 Theta -0.078 Vega 0.092 Open interest 41 Model this put
0	3	58.6%	0.867	$103.16		$0.60	-0.117	55%	1	34
Call · $320 In the money Last $103.16 Breakeven $423.16 Implied vol 58.6% Delta 0.867 ≈87% ITM Gamma 0.004 Theta -0.249 Vega 0.244 Open interest 0 Model this call Put · $320 Last $0.60 Breakeven $319.40 Implied vol 55% Delta -0.117 ≈12% ITM Gamma 0.004 Theta -0.209 Vega 0.244 Open interest 34 Model this put
4	1	52.9%	0.84	$51.80		$1.44	-0.07	34.7%	1	183
Call · $330 In the money Last $51.80 Breakeven $381.80 Implied vol 52.9% Delta 0.84 ≈84% ITM Gamma 0.005 Theta -0.254 Vega 0.248 Open interest 4 Model this call Put · $330 Last $1.44 Breakeven $328.56 Implied vol 34.7% Delta -0.07 ≈7% ITM Gamma 0.004 Theta -0.089 Vega 0.164 Open interest 183 Model this put
2	2	48.5%	0.802	$33.92		$2.50	-0.125	34.8%	2	83
Call · $340 In the money Last $33.92 Breakeven $373.92 Implied vol 48.5% Delta 0.802 ≈80% ITM Gamma 0.006 Theta -0.269 Vega 0.252 Open interest 2 Model this call Put · $340 Last $2.50 Breakeven $337.50 Implied vol 34.8% Delta -0.125 ≈12% ITM Gamma 0.006 Theta -0.138 Vega 0.251 Open interest 83 Model this put
9	1	44.4%	0.748	$45.25		$3.73	-0.195	33.5%	1	265
Call · $350 In the money Last $45.25 Breakeven $395.25 Implied vol 44.4% Delta 0.748 ≈75% ITM Gamma 0.007 Theta -0.28 Vega 0.334 Open interest 9 Model this call Put · $350 Last $3.73 Breakeven $346.27 Implied vol 33.5% Delta -0.195 ≈20% ITM Gamma 0.008 Theta -0.177 Vega 0.255 Open interest 265 Model this put
23	17	37.1%	0.69	$37.00		$5.80	-0.288	32.2%	12	416
Call · $360 In the money Last $37.00 Breakeven $397.00 Implied vol 37.1% Delta 0.69 ≈69% ITM Gamma 0.01 Theta -0.262 Vega 0.339 Open interest 23 Model this call Put · $360 Last $5.80 Breakeven $354.20 Implied vol 32.2% Delta -0.288 ≈29% ITM Gamma 0.011 Theta -0.208 Vega 0.339 Open interest 416 Model this put
193	2	36.8%	0.588	$18.00		$9.10	-0.401	30.3%	33	303
Call · $370 In the money Last $18.00 Breakeven $388.00 Implied vol 36.8% Delta 0.588 ≈59% ITM Gamma 0.011 Theta -0.283 Vega 0.394 Open interest 193 Model this call Put · $370 Last $9.10 Breakeven $360.90 Implied vol 30.3% Delta -0.401 ≈40% ITM Gamma 0.013 Theta -0.22 Vega 0.394 Open interest 303 Model this put
Underlying $377.68
218	24	36%	0.48	$12.17		$14.60	-0.529	31.1%	4	159
Call · $380 Last $12.17 Breakeven $392.17 Implied vol 36% Delta 0.48 ≈48% ITM Gamma 0.011 Theta -0.283 Vega 0.401 Open interest 218 Model this call Put · $380 In the money Last $14.60 Breakeven $365.40 Implied vol 31.1% Delta -0.529 ≈53% ITM Gamma 0.013 Theta -0.232 Vega 0.401 Open interest 159 Model this put
592	3	35.3%	0.37	$8.60		$21.30	-0.653	30.7%	1	160
Call · $390 Last $8.60 Breakeven $398.60 Implied vol 35.3% Delta 0.37 ≈37% ITM Gamma 0.011 Theta -0.265 Vega 0.356 Open interest 592 Model this call Put · $390 In the money Last $21.30 Breakeven $368.70 Implied vol 30.7% Delta -0.653 ≈65% ITM Gamma 0.012 Theta -0.211 Vega 0.357 Open interest 160 Model this put
317	8	34.9%	0.272	$5.55		$20.15	-0.788	27.4%	1	133
Call · $400 Last $5.55 Breakeven $405.55 Implied vol 34.9% Delta 0.272 ≈27% ITM Gamma 0.01 Theta -0.228 Vega 0.362 Open interest 317 Model this call Put · $400 In the money Last $20.15 Breakeven $379.85 Implied vol 27.4% Delta -0.788 ≈79% ITM Gamma 0.011 Theta -0.144 Vega 0.276 Open interest 133 Model this put
170	4	34%	0.186	$3.40		$27.10	-0.873	27.6%	1	133
Call · $410 Last $3.40 Breakeven $413.40 Implied vol 34% Delta 0.186 ≈19% ITM Gamma 0.008 Theta -0.178 Vega 0.281 Open interest 170 Model this call Put · $410 In the money Last $27.10 Breakeven $382.90 Implied vol 27.6% Delta -0.873 ≈87% ITM Gamma 0.008 Theta -0.101 Vega 0.186 Open interest 133 Model this put
250	2	34.6%	0.127	$2.08		$40.40	-0.958	24.5%	1	48
Call · $420 Last $2.08 Breakeven $422.08 Implied vol 34.6% Delta 0.127 ≈13% ITM Gamma 0.006 Theta -0.141 Vega 0.19 Open interest 250 Model this call Put · $420 In the money Last $40.40 Breakeven $379.60 Implied vol 24.5% Delta -0.958 ≈96% ITM Gamma 0.004 Theta -0.034 Vega 0.098 Open interest 48 Model this put
728	6	38.4%	0.107	$1.35		$42.20	—	—	1	16
Call · $430 Last $1.35 Breakeven $431.35 Implied vol 38.4% Delta 0.107 ≈11% ITM Gamma 0.005 Theta -0.138 Vega 0.192 Open interest 728 Model this call Put · $430 In the money Last $42.20 Breakeven $387.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 16 Model this put
78	2	36.4%	0.06	$0.75		$28.20	—	—	4	4
Call · $440 Last $0.75 Breakeven $440.75 Implied vol 36.4% Delta 0.06 ≈6% ITM Gamma 0.003 Theta -0.084 Vega 0.113 Open interest 78 Model this call Put · $440 In the money Last $28.20 Breakeven $411.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 Model this put
455	3	35.3%	0.031	$0.43		—	—	—	—	0
Call · $450 Last $0.43 Breakeven $450.43 Implied vol 35.3% Delta 0.031 ≈3% ITM Gamma 0.002 Theta -0.048 Vega 0.057 Open interest 455 Model this call Put · $450 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
131	1	37%	0.023	$0.29		$75.54	—	—	2	0
Call · $460 Last $0.29 Breakeven $460.29 Implied vol 37% Delta 0.023 ≈2% ITM Gamma 0.001 Theta -0.039 Vega 0.058 Open interest 131 Model this call Put · $460 In the money Last $75.54 Breakeven $384.46 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
122	22	39.4%	0.019	$0.20		$97.52	—	—	2	0
Call · $470 Last $0.20 Breakeven $470.20 Implied vol 39.4% Delta 0.019 ≈2% ITM Gamma 0.001 Theta -0.035 Vega 0.059 Open interest 122 Model this call Put · $470 In the money Last $97.52 Breakeven $372.48 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
51	1	48.2%	0.032	$0.05		—	—	—	—	0
Call · $480 Last $0.05 Breakeven $480.05 Implied vol 48.2% Delta 0.032 ≈3% ITM Gamma 0.002 Theta -0.068 Vega 0.059 Open interest 51 Model this call Put · $480 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
16	3	54.3%	0.038	$0.40		$122.85	—	—	1	0
Call · $490 Last $0.40 Breakeven $490.40 Implied vol 54.3% Delta 0.038 ≈4% ITM Gamma 0.002 Theta -0.087 Vega 0.119 Open interest 16 Model this call Put · $490 In the money Last $122.85 Breakeven $367.15 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
11	2	57.7%	0.036	$0.30		—	—	—	—	0
Call · $500 Last $0.30 Breakeven $500.30 Implied vol 57.7% Delta 0.036 ≈4% ITM Gamma 0.001 Theta -0.089 Vega 0.06 Open interest 11 Model this call Put · $500 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
41	20	60.7%	0.034	$0.70		—	—	—	—	0
Call · $510 Last $0.70 Breakeven $510.70 Implied vol 60.7% Delta 0.034 ≈3% ITM Gamma 0.001 Theta -0.09 Vega 0.06 Open interest 41 Model this call Put · $510 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
4	26	63.6%	0.033	$1.86		—	—	—	—	0
Call · $520 Last $1.86 Breakeven $521.86 Implied vol 63.6% Delta 0.033 ≈3% ITM Gamma 0.001 Theta -0.091 Vega 0.061 Open interest 4 Model this call Put · $520 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	66.4%	0.032	—		—	—	—	—	0
Call · $530 Last — Breakeven — Implied vol 66.4% Delta 0.032 ≈3% ITM Gamma 0.001 Theta -0.092 Vega 0.061 Open interest 0 Model this call Put · $530 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	10	69.3%	0.031	$0.70		—	—	—	—	0
Call · $540 Last $0.70 Breakeven $540.70 Implied vol 69.3% Delta 0.031 ≈3% ITM Gamma 0.001 Theta -0.093 Vega 0.062 Open interest 0 Model this call Put · $540 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	1	72%	0.03	$0.12		—	—	—	—	0
Call · $550 Last $0.12 Breakeven $550.12 Implied vol 72% Delta 0.03 ≈3% ITM Gamma 0.001 Theta -0.093 Vega 0.063 Open interest 2 Model this call Put · $550 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	1	74.7%	0.029	$0.95		—	—	—	—	0
Call · $560 Last $0.95 Breakeven $560.95 Implied vol 74.7% Delta 0.029 ≈3% ITM Gamma 0.001 Theta -0.094 Vega 0.063 Open interest 2 Model this call Put · $560 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	1	77.4%	0.028	$0.90		—	—	—	—	0
Call · $570 Last $0.90 Breakeven $570.90 Implied vol 77.4% Delta 0.028 ≈3% ITM Gamma 0.001 Theta -0.095 Vega 0.064 Open interest 3 Model this call Put · $570 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	80%	0.027	—		—	—	—	—	0
Call · $580 Last — Breakeven — Implied vol 80% Delta 0.027 ≈3% ITM Gamma 0.001 Theta -0.096 Vega 0.064 Open interest 0 Model this call Put · $580 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	82.5%	0.026	—		—	—	—	—	0
Call · $590 Last — Breakeven — Implied vol 82.5% Delta 0.026 ≈3% ITM Gamma 0.001 Theta -0.097 Vega 0.065 Open interest 0 Model this call Put · $590 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 42" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1156039 CUSIP 036752103 13F (30d) 430 filings 421 filers Visit website Investor relations