Elevance Health Inc. (ELV)

ELV trades at $350.49, 6.2% above the near-term max pain of $330 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($270-$350), indicating stable market expectations. Key magnetic zone at 320 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ELV shows stable levels around 316.67, reflecting balanced market expectations. The 25% spread signals divergent expectations across timeframes. Most levels below 350.49 may cap rallies. Strong magnetic level at 320 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.