ELV250321C00390000 Option on Elevance Health

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Elevance Health positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Elevance Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.

Elevance Health's Option Greeks for the contract ending on 2025-03-21 at a strike price of 390.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Elevance Health's option greeks, its implied volatility helps estimate the risk of Elevance Health stock implied by the prices of the options on Elevance Health's stock.

Put options written on Elevance Health grant holders of the option the right to sell a specified amount of Elevance Health at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Elevance Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Elevance Health is like buying insurance aginst Elevance Health's downside shift.

By selling Elevance Health's put option, the investors signal their bearish sentiment. A short position in a put option written on Elevance Health will generally make money when the underlying price is above the strike price. Therefore Elevance Health's put payoff at expiration depends on where the Elevance Stock price is relative to the put option strike price. The breakeven price of 405.8 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Elevance Health's price. Finally, at the strike price of 390.0, the payoff chart is constant and positive.

Elevance Health's option chain is a display of a range of information that helps investors for ways to trade options on Elevance. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Elevance. It also shows strike prices and maturity days for a Elevance Health against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.

When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.