ELAN Options History — October 2019

In October 2019, ELAN traded between $26.01 and $27.26. ATM implied volatility averaged 37.8%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 15.1% (HV 20d: 22.7%). Max pain ranged from $27.00 to $28.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 1.80.

Notable Days

  • 2019-10-21: Highest Volume — 6,137 contracts
  • 2019-10-21: Largest IV drop — 12.4% change
  • 2019-10-18: Highest IV Rank — 26.5%
  • 2019-10-08: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.67$26.01$27.26$26.24$27.19
Max Pain$27.30$27.00$28.00$27.00$27.00
ATM IV37.8%34.1%41.4%35.7%38.0%
Expected Move11.0%10.2%12.0%10.2%10.9%
HV 20d22.7%17.3%30.4%29.9%17.3%
HV 60d34.1%32.0%34.6%34.4%32.0%
IV Rank21.1%15.6%26.5%18.0%21.4%
IV Percentile63.1%35.7%79.8%51.0%65.1%
Term Structure-3.1%-7.0%3.0%3.0%-5.1%
VWIV38.5%35.0%43.3%35.0%37.3%
Skew 25d4.5%2.6%7.0%2.6%4.6%
Skew 10d14.8%6.1%22.3%21.5%13.4%
Call IV 25d36.3%33.5%40.2%34.4%36.5%
Put IV 25d40.7%36.9%44.2%36.9%41.1%
Bid-Ask Spread %23.1813.9435.9919.7213.94
Gamma HHI0.310.190.790.350.25
Net GEX-1.0M-4.3M291.8K-1.2M-181.1K
Net DEX7.2M-184.2K17.6M16.0M217.4K
Net VEX-85.3K-95.0K-71.2K-86.3K-92.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.800.0019.180.210.90
Total Volume1,296.87956,137854110
Total OI33,348.69620,08841,03833,08731,815

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$26.24$27.0035.7%10.2%29.9%18.0%35.0%2.6%3.0%-1.2M16.0M-86.3K0.2119.72N/AN/A70714712,86320,224
2019-10-02$26.01$27.0036.2%10.4%29.6%18.8%37.3%2.7%2.5%-1.2M17.6M-87.0K0.0615.85N/AN/A1,3997913,41720,203
2019-10-03$26.56$28.0036.7%11.5%30.4%19.4%42.0%4.2%-3.7%-1.0M11.8M-93.6K1.1221.59N/AN/A27530814,58220,184
2019-10-04$26.74$28.0034.1%11.0%27.6%15.6%38.3%4.0%-2.7%-1.1M10.2M-93.4K0.2024.52N/AN/A791614,72320,319
2019-10-07$26.62$28.0036.1%10.9%26.7%18.6%37.1%5.0%-1.8%-1.2M11.5M-87.4K0.0120.12N/AN/A404514,76820,320
2019-10-08$26.80$28.0038.4%12.0%24.0%22.1%41.7%3.9%-4.0%-1.2M9.5M-85.4K0.7322.58N/AN/A27319814,52220,322
2019-10-09$26.88$28.0038.7%11.1%21.2%22.4%38.9%4.9%-1.9%-1.3M8.9M-83.8K0.1925.86N/AN/A91017514,57120,373
2019-10-10$26.63$28.0040.0%11.5%21.3%24.4%43.3%5.8%-4.2%-1.5M11.5M-81.6K0.1618.61N/AN/A1732815,19620,480
2019-10-11$26.86$28.0036.8%10.5%21.6%19.6%40.8%3.8%-2.0%-1.5M8.5M-80.1K0.2631.69N/AN/A1,96551615,31220,495
2019-10-14$26.62$27.0039.2%11.2%21.4%23.2%38.9%5.3%-4.9%-1.8M9.8M-79.9K0.1129.56N/AN/A4114616,71720,956
2019-10-15$27.12$27.0038.0%10.9%22.6%21.4%38.2%5.7%-3.7%-1.4M2.3M-77.3K0.9025.47N/AN/A25022516,98320,959
2019-10-16$27.13$27.0038.2%11.0%22.0%21.7%37.6%4.0%-4.4%-1.4M1.0M-75.2K0.0035.99N/AN/A4,245617,20720,950
2019-10-17$26.55$27.0037.7%10.8%23.1%21.0%37.1%5.7%-4.0%-2.3M8.1M-73.7K0.1629.35N/AN/A92514519,32920,941
2019-10-18$26.21$27.0041.4%11.9%23.4%26.5%40.8%4.0%-7.0%-4.3M9.9M-72.0K0.6224.50N/AN/A56935320,18720,851
2019-10-21$26.44$27.0036.3%10.4%21.3%18.9%35.6%3.4%-1.7%291.8K-19.2K-71.2K4.4921.04N/AN/A1,1175,02011,7348,354
2019-10-22$26.04$27.0037.0%10.6%20.6%19.9%37.1%3.1%-2.1%-178.1K6.5M-83.3K2.4329.92N/AN/A4901,19212,64013,252
2019-10-23$26.05$27.0039.8%11.4%19.6%24.0%39.0%6.3%-4.5%-228.1K7.4M-87.4K19.1817.55N/AN/A1593,05012,99714,267
2019-10-24$26.36$27.0039.4%11.3%20.0%23.5%39.1%7.0%-4.3%-443.1K8.7M-94.0K4.8719.59N/AN/A11254513,09216,634
2019-10-25$26.82$27.0036.8%10.5%20.1%19.5%36.6%3.8%-2.4%-420.9K5.4M-94.8K0.2322.50N/AN/A1,28029713,19116,892
2019-10-28$27.14$27.0038.9%11.1%20.0%22.7%39.1%4.5%-5.0%-192.4K1.2M-95.0K0.7021.27N/AN/A42729914,22616,863
2019-10-29$27.26$27.0037.6%10.8%18.9%20.8%37.6%4.9%-3.8%-161.1K-184.2K-93.6K0.2519.46N/AN/A43911114,48816,895
2019-10-30$27.10$27.0037.5%10.7%18.7%20.6%37.2%4.1%-4.3%-219.4K663.8K-93.5K3.6422.38N/AN/A7527314,80216,924
2019-10-31$27.19$27.0038.0%10.9%17.3%21.4%37.3%4.6%-5.1%-181.1K217.4K-92.7K0.9013.94N/AN/A585214,85216,963