278 calls and 169 puts traded on Nov 4, 2026, 447 contracts in total. Open interest was 28.32K contracts. Over the past 30 days, volume averaged 813 contracts per day. The ELV option volume chart shows volume by strike and expiration date.

Elevance Health IV rank is 3, so its 30-day implied volatility of 31.7% is near the bottom of its one-year range. Over the past year it ranged from 26.9% on Aug 31, 2026 to 165.3% on Jul 17, 2026. See the ELV implied volatility history for a longer view.

The Elevance Health put/call volume ratio was 0.61 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.96. The ELV open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Elevance Health options about one week from expiration was $419.77, 3.3% below the $434.25 close. The ELV max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 33.2%, options price a move of about ±$19.94 (±4.6%) over the next week, a range of roughly $414.31 to $454.19 from the Nov 4, 2026 close. The ELV expected move chart shows it for every expiration date.