Trading a ELV straddle lets you take a pure volatility position on Elevance Health Inc without committing to a direction. Elevance Health Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate ELV straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ELV profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Elevance Health Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the ELV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Elevance Health Inc. operates as a health benefits company. It supports consumers, families, and communities across the entire care journey connecting to the care, support, and resources to lead healthier lives. It serves approximately 118 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical, and care solutions. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health Inc. in June 2022. Elevance Health Inc. was founded in 1944 and is headquartered in Indianapolis, Indiana.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ELV straddle is the cleanest expression of that view. Our scanner prices every ELV straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a ELV straddle into a catalyst or short a ELV straddle to harvest decay, the options straddle setups that matter are all in one place.
