A Closer Look at Elevance Health's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Elevance Health (NYSE:ELV) with 87% of options trades being bearish. Significant options trades include 6 puts valued at $365,806 and 2 calls valued at $245,525. Analysts have mixed ratings with a consensus target price of $589.2.
July 18, 2024 | 5:01 pm
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Elevance Health (NYSE:ELV) has seen a significant bearish sentiment in its options market, with 87% of trades being bearish. Analysts have mixed ratings, with a consensus target price of $589.2.
The high percentage of bearish options trades (87%) indicates a strong negative sentiment among traders. This, combined with mixed analyst ratings, suggests potential short-term downward pressure on ELV's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100