ELV Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $386.43 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.90

14k P / 16k C

Put/Call (Volume)

0.31

226 P / 733 C that session

30d ATM IV

36%

annualized implied move

Call wall

$450

2k contracts

Put wall

$380

2k contracts

Tail hedging

0.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $450 (2k contracts), 16% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $380 (2k contracts), 2% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-16. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	4k	3k	0.85	562
2026-11-20	1k	2k	1.53	239
2026-12-18	986	2k	2.17	24
2027-01-15	6k	4k	0.69	25
2027-03-19	1k	910	0.63	37
2027-06-17	529	512	0.97	43
2027-09-17	47	67	1.43	16
2028-01-21	2k	950	0.63	10
2029-01-19	24	57	2.38	3

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.