Elevance Health Inc. (ELV)
Elevance Health Max Pain By Strike
ELV trades at $309.33, 10.5% above the near-term max pain of $280 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($280-$360), signaling increased put positioning or downside protection. Key magnetic zone at 290 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Elevance Health Max Pain By Expiry
Max pain for ELV shows a downward trend from 360 to 280, indicating bearish sentiment or hedging activity. The 26% spread signals divergent expectations across timeframes. Levels distributed around 309.33. Strong magnetic level at 290 (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 |
|---|---|---|
| Aug 15, 2025 | 280 | -29.33 (-9.48%) |
| Sep 19, 2025 | 290 | -19.33 (-6.25%) |
| Oct 17, 2025 | 290 | -19.33 (-6.25%) |
| Nov 21, 2025 | 300 | -9.33 (-3.02%) |
| Dec 19, 2025 | 330 | 20.67 (6.68%) |
| Jan 16, 2026 | 360 | 50.67 (16.38%) |
| Mar 20, 2026 | 320 | 10.67 (3.45%) |
| Jun 18, 2026 | 300 | -9.33 (-3.02%) |
| Sep 18, 2026 | 310 | 0.67 (0.22%) |
| Jan 15, 2027 | 290 | -19.33 (-6.25%) |