Ticker Options Intelligence

ELV options intelligence

Elevance Health Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 40 Market data through 29 Jul 2026 Checked 30 Jul 2026 00:19 · complete available chain

Options-market disagreement

Mixed pressure

ELV currently carries mixed options pressure with a 40/100 conviction score. The nearest-chain expected move is 6.6%, with volume/open-interest participation at 0.09.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Chart Weekly report
Primary read Mixed

Options-market disagreement

Expected move 6.6%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 1.10

Balanced tape

Trend fit 93

Options agree with trend context

Weekly backdrop +1.2%

RS 2.9

Expected move 6.6%
Put-call volume 1.10
Volume / OI 0.09
Reference IV 0.37
Max pain 390.00
Underlying 377.68
Nearest expiry 21 Aug 2026
Contracts 603

Options Intent Radar

Multi-expiry position-maintenance candidate

67/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $8.3M of estimated gross traded notional, calls · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-2
1W price+1.2%
Call premium55%
Put premium45%
Notional split C 55% / P 45% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 93/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 257 contracts traded, $2.8M estimated gross traded notional, and 34% of visible notional.
$2.8M
Puts · 91+ days · ITM puts cluster with 311 contracts traded, $2.1M estimated gross traded notional, and 25% of visible notional.
$2.1M
Puts · 91+ days · OTM puts cluster with 748 contracts traded, $933264 estimated gross traded notional, and 11% of visible notional.
$933264
Calls · 91+ days · OTM calls cluster with 404 contracts traded, $626372 estimated gross traded notional, and 8% of visible notional.
$626372
Calls · 46-90 days · ITM calls cluster with 59 contracts traded, $401150 estimated gross traded notional, and 5% of visible notional.
$401150

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

High anomaly

100

Current options activity is unusually hot versus this ticker's stored history.

Volume rank100th
Volume/OI rank100th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close377.68
1W+1.2%
RS2.9
Fair value-7.2%
Options pressure-2
Speculation42
Volatility52
Trend fit93

Today Versus Normal

Stored-options context

View history
Expected move 6.6% muted
30d avg 7.1% · 1 read 0th
90d avg 7.1% · 1 read 0th
180d avg 7.1% · 1 read 0th
IV 0.37 elevated
30d avg 0.34 · 1 read 100th
90d avg 0.34 · 1 read 100th
180d avg 0.34 · 1 read 100th
Put-call 1.10 elevated
30d avg 0.70 · 1 read 100th
90d avg 0.70 · 1 read 100th
180d avg 0.70 · 1 read 100th
Volume/OI 0.09 elevated
30d avg 0.02 · 1 read 100th
90d avg 0.02 · 1 read 100th
180d avg 0.02 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:03 Bullish
Pressure 21
Move 7.1%
29 Jul 23:19 Mixed
Pressure -2
Move 6.6%

Strike Map

Where activity is clustering

Full strike map
Strike210.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike230.00
Calls · V 0 · OI 0
Puts · V 3 · OI 7
Strike240.00
Calls · V 0 · OI 0
Puts · V 2 · OI 6
Strike250.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike280.00
Calls · V 0 · OI 0
Puts · V 3 · OI 3
Strike290.00
Calls · V 0 · OI 0
Puts · V 35 · OI 6
Strike300.00
Calls · V 0 · OI 0
Puts · V 1 · OI 22
Strike310.00
Calls · V 0 · OI 3
Puts · V 1 · OI 41

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts50
Avg IV0.37
Put-call0.41
Expiry18 Sep 2026
Contracts90
Avg IV0.35
Put-call0.84
Expiry16 Oct 2026
Contracts32
Avg IV0.38
Put-call0.61
Expiry20 Nov 2026
Contracts55
Avg IV0.39
Put-call1.20
Expiry18 Dec 2026
Contracts75
Avg IV0.39
Put-call1.84

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.34
Put IV0.34
Skew0.00
18 Sep 2026Balanced skew
Call IV0.34
Put IV0.34
Skew0.00
16 Oct 2026Balanced skew
Call IV0.38
Put IV0.40
Skew0.03
20 Nov 2026Balanced skew
Call IV0.40
Put IV0.39
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.40
Put IV0.39
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractELV261016C00460000
SideCall
Expiry16 Oct 2026
Strike460.00
Volume-
OI38
IV0.49
ContractELV270617C00450000
SideCall
Expiry17 Jun 2027
Strike450.00
Volume-
OI9
IV0.40
ContractELV270115C00720000
SideCall
Expiry15 Jan 2027
Strike720.00
Volume-
OI7
IV0.52
ContractELV270319C00560000
SideCall
Expiry19 Mar 2027
Strike560.00
Volume-
OI7
IV0.44
ContractELV261016C00470000
SideCall
Expiry16 Oct 2026
Strike470.00
Volume-
OI7
IV0.51
ContractELV270319C00580000
SideCall
Expiry19 Mar 2027
Strike580.00
Volume-
OI6
IV0.46
ContractELV270617P00310000
SidePut
Expiry17 Jun 2027
Strike310.00
Volume-
OI6
IV0.39
ContractELV270115C00680000
SideCall
Expiry15 Jan 2027
Strike680.00
Volume-
OI5
IV0.58