Elevance Health Unusual Options Activity For July 19
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Elevance Health (NYSE:ELV), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $350.0 to $550.0 for Elevance Health over the last 3 months. The price of ELV is up 4.93% at $465.56, and RSI indicators suggest the stock may be approaching overbought.
July 19, 2023 | 7:01 pm
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Unusual options activity indicates a bullish stance on Elevance Health. The stock price is up 4.93% at $465.56, and it may be approaching overbought according to RSI indicators.
The unusual options activity, with a large position indicating a bullish stance, suggests that investors are expecting the stock price to rise. The current increase in stock price and the indication that the stock may be approaching overbought further support this expectation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100