Elevance Health Inc. (ELV)
Elevance Health Max Pain By Strike
ELV trades at $308.18, 3.7% below the near-term max pain of $320 expiring Sep 19, 2025 (10 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($300-$360), signaling increased put positioning or downside protection. Key magnetic zone at 300 where 3 expirations converge.
Elevance Health Max Pain By Expiry
Max pain for ELV shows a downward trend from 360 to 300, indicating bearish sentiment or hedging activity. The 19% spread signals divergent expectations across timeframes. Levels distributed around 308.18. Strong magnetic level at 300 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 320 | 11.82 (3.84%) |
| Oct 17, 2025 | 300 | -8.18 (-2.65%) |
| Nov 21, 2025 | 310 | 1.82 (0.59%) |
| Dec 19, 2025 | 330 | 21.82 (7.08%) |
| Jan 16, 2026 | 360 | 51.82 (16.82%) |
| Mar 20, 2026 | 320 | 11.82 (3.84%) |
| Jun 18, 2026 | 300 | -8.18 (-2.65%) |
| Sep 18, 2026 | 320 | 11.82 (3.84%) |
| Jan 15, 2027 | 300 | -8.18 (-2.65%) |