ELV Moves

Elevance Health ELV 432.0 -2.18 -0.5%

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Expected move

November 05, 2026 close · $432.00

Horizon	Expected move	Typical range	2 in 3 closes	9 in 10 closes
Next session	±1.6% ±$7.13	$424.87 – $439.13	$423.45 – $440.55	$416.75 – $447.25
2 sessions	±2.3% ±$9.89	$422.11 – $441.89	$419.99 – $444.01	$410.66 – $453.34
3 sessions	±2.9% ±$12.48	$419.52 – $444.48	$417.14 – $446.86	$405.48 – $458.52
1 week	±3.7% ±$15.85	$416.15 – $447.85	$412.60 – $451.40	$398.26 – $465.74
2 weeks	±5.2% ±$22.25	$409.75 – $454.25	$404.48 – $459.52	$384.57 – $479.43
3 weeks	±6.1% ±$26.40	$405.60 – $458.40	$399.17 – $464.83	$376.19 – $487.81
1 month	±7.0% ±$30.33	$401.67 – $462.33	$394.11 – $469.89	$367.68 – $496.32

Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. Draw the cone on the chart →

Volatility premium

Beta

The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move

±7.26%

Average actual move

12.22%

Beyond the implied move

1 / 1

Median IV change

-24.68%

Reaction session	Implied	Actual	Used	ATM IV before → after
July 17, 2025	±7.26%	-12.22%	1.68×	45.7% → 38.8%

Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →