Elevance Health Unusual Options Activity For June 01
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Elevance Health (NYSE:ELV) with 10 options trades, 60% bullish and 40% bearish. Whales have been targeting a price range of $445 to $460 for ELV over the last 3 months.
June 01, 2023 | 2:52 pm
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POSITIVE IMPACT
Elevance Health (NYSE:ELV) experiences unusual options activity with a 60% bullish and 40% bearish sentiment, targeting a price range of $445 to $460.
The unusual options activity indicates that big-money traders are taking positions in Elevance Health, with a majority being bullish. This could potentially drive the stock price higher in the short term, as the targeted price range is above the current price of $455.1. However, the 40% bearish sentiment suggests some uncertainty, which is why the importance is set at 75 and confidence at 80.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100