Elevance Health Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Elevance Health (NYSE:ELV), with a majority of investors taking a bullish stance. The trades include 10 puts amounting to $327,672 and 13 calls amounting to $691,930. Whales have been targeting a price range from $370.0 to $490.0 for Elevance Health over the last 3 months. The current price of ELV is down -4.78% at $414.13, with RSI indicators suggesting the stock may be approaching oversold.
July 12, 2023 | 8:51 pm
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NEUTRAL IMPACT
Elevance Health (NYSE:ELV) has seen significant unusual options activity, with a majority of investors taking a bullish stance. The stock's current price is down -4.78% at $414.13, with RSI indicators suggesting it may be approaching oversold.
The unusual options activity indicates that there is significant interest in Elevance Health's stock. The majority of investors are bullish, suggesting they expect the stock's price to rise. However, the current price is down and RSI indicators suggest it may be oversold, indicating potential downward pressure on the stock in the short term. The impact score is neutral as the bullish and bearish indicators balance each other out.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100