How often does Elevance Health move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

ELVNYSEHospital & Medical Service Plans

Elevance Health, Inc. (ELV) earnings date, market-implied expected move, and options open interest by expiry

413.77

pre 417.02 +0.79%

Pre-market04:46 ETdelayed

Open417.02Volume2.2MMkt cap$89.4BP/E17.63EPS23.65Div yield1.66%

Day417.02 – 417.0250%52-wk270.87 – 450.6981%

ELV

Elevance Health, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 27

before open · in 84 days

est.Q4 FY26

Calendar

Next report

Last report

−1.37%

vs ±7.6% implied · ×0.18

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Largest filed tie

31.00%

of American Well revenue

supplierAMWL 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

−1.18%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,614 managers

Top fund weight

1.46%

ELV weight · XLV

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Elevance Health (ELV) is expected to report on Jan 27 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±6.8%
avg realized: ±4.2%

Apr 17 '25Apr 17 '25confirmed±2.8%▼−2.42%×0.85

Apr 22 '25Apr 22 '25confirmed±7.7%▲+2.26%×0.29

Jul 17 '25Jul 17 '25confirmed±6.0%▼−12.22%×2.02

Oct 21 '25Oct 21 '25confirmed±9.3%▼−1.22%×0.13

Jan 28 '26Jan 28 '26confirmed±8.2%▲+5.86%×0.71

Q1 FY26Apr 22 '26confirmed±7.6%▲+0.03%×0.00

Q2 FY26Jul 15 '26confirmed±5.4%▼−8.54%×1.58

Q3 FY26Oct 21 '26confirmed±7.6%▼−1.37%×0.18

quarterimplied−15%0+15%realized×

Q3 FY26±7.6%▼−1.37%×0.18

Q2 FY26±5.4%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

0.69OI · 4 expiries · Nov 3 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3,383+1%Nov 2016d1.232,758+2%1.23

2,6040%Dec 1844d1.761,4790%1.76

4,4220%Jan 1572d0.736,0300%0.73

report · Jan 27 · before open · est.

1,281+6%Mar 19135d1,845+2%

ExpiryPutsCallsP/C

Nov 2016d3,383+1%2,758+2%1.23

Dec 1844d2,6040%1,4790%1.76

Jan 1572d4,4220%6,0300%0.73

report · Jan 27 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

2.61%as filednet margin · revenue +1.89% QoQ · +1.42% YoY

Revenue

$51.4B+1.89% QoQ

Gross profit

$8.0B+0.65% QoQ

15.57% margin

Operating income

$2.2B−6.48% QoQ

4.18% margin

Pre-tax income

$1.8B−7.38% QoQ

Net income

$1.3B−7.63% QoQ

2.61% margin

Cost of revenue

$43.4B+2.12% QoQ

Operating expenses

$5.9B+3.55% QoQ

SG&A $5.8B

Other operating $106M

Other expense

$358M

Tax

$451M−6.63% QoQ

Revenue$51.4B+1.89%

Gross profit

$8.0B+0.65%

15.57% margin

Operating income

$2.2B−6.48%

4.18% margin

Pre-tax income

$1.8B−7.38%

Net income

$1.3B−7.63%

2.61% margin

Cost of revenue

$43.4B+2.12%

Operating expenses

$5.9B+3.55%

SG&A $5.8B

Other operating $106M

Other expense

$358M

Tax$451M−6.63%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

No trades yet today.

Intraday

Event sensitivity

PPI ×1.53· ±2.0% vs ±1.3% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.0%3 of 10×1.53

CPIconsumer prices±1.9%6 of 10×1.47

FOMCrate decision±1.3%9 of 24×0.99

NFPjobs report±1.2%7 of 10×0.95

PCEpersonal income & outlays±1.1%13 of 19×0.82

GDPgross domestic product±0.9%12 of 19×0.67

CPROFcorporate profits±0.7%7 of 12×0.56

Bar = avg |move| to ±3% · tick = ±1.3% avg day · ×base = |move| ÷ ±1.3% · min 6 releases

Earnings history

EPS 6.27 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 21 '26 · confirmed	6.27	—
Q2 FY26	Jul 15 '26 · confirmed	6.71	—
Q1 FY26	Apr 22 '26 · confirmed	8.00	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod