ELAN Options History — July 2020

In July 2020, ELAN traded between $21.15 and $24.20. ATM implied volatility averaged 47.3%, placing in the 29.6% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 8.2% (HV 20d: 39.1%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.29.

Notable Days

  • 2020-07-30: Highest Volume — 25,240 contracts
  • 2020-07-30: Largest IV drop — 19.1% change
  • 2020-07-29: Highest IV Rank — 39.8%
  • 2020-07-29: Largest Expected Move — 15.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.58$21.15$24.20$21.25$23.45
Max Pain$21.95$21.00$22.00$22.00$21.00
ATM IV47.3%41.9%54.4%45.0%45.4%
Expected Move14.0%12.0%15.6%12.9%13.0%
HV 20d39.1%29.7%50.1%50.1%46.1%
HV 60d55.6%53.7%58.8%58.8%56.8%
IV Rank29.6%21.8%39.8%26.2%26.8%
IV Percentile73.0%61.1%82.5%70.2%65.5%
Term Structure-3.5%-6.9%8.8%6.5%-2.9%
VWIV47.5%40.0%53.1%40.6%44.4%
Skew 25d5.7%3.2%8.7%8.7%3.3%
Skew 10d13.7%7.9%29.2%29.2%11.0%
Call IV 25d46.2%39.9%52.5%40.0%44.7%
Put IV 25d51.9%45.9%56.8%48.7%48.0%
Bid-Ask Spread %31.8318.2447.0230.2322.59
Gamma HHI0.330.270.560.300.36
Net GEX1.5M910.1K2.8M910.1K2.5M
Net DEX-19.6M-41.3M-6.3M-6.3M-41.3M
Net VEX-90.0K-120.7K-73.2K-86.6K-120.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.001.710.720.03
Total Volume5,589.3186525,2402657,547
Total OI50,10135,84263,92159,11746,531

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$21.25$22.0045.0%12.9%50.1%26.2%40.6%8.7%6.5%910.1K-6.3M-86.6K0.7230.23N/AN/A15411148,55310,564
2020-07-02$21.27$22.0041.9%12.0%49.7%21.8%40.0%6.1%8.8%961.1K-6.4M-85.3K0.5333.91N/AN/A884748,64310,618
2020-07-06$21.70$22.0043.8%14.6%46.4%24.5%49.0%5.8%-4.8%1.2M-9.7M-84.8K0.5932.74N/AN/A1,13066748,64510,600
2020-07-07$21.55$22.0045.2%14.5%42.5%26.5%50.7%6.4%-4.4%1.2M-8.6M-83.1K1.3032.46N/AN/A638248,80010,595
2020-07-08$21.57$22.0042.2%14.2%42.1%22.1%48.7%6.7%-4.4%1.2M-8.0M-78.7K0.4928.59N/AN/A92745748,85010,607
2020-07-09$21.41$22.0048.1%14.9%39.2%30.7%51.0%7.2%-3.6%1.1M-6.9M-78.9K1.7132.12N/AN/A244149,34710,867
2020-07-10$21.97$22.0046.2%14.7%33.9%28.0%49.0%5.6%-5.0%1.4M-12.0M-83.6K0.0334.29N/AN/A344949,33910,887
2020-07-13$22.69$22.0047.9%15.0%35.6%30.5%49.8%5.0%-5.3%1.7M-19.0M-84.5K0.0140.08N/AN/A17,18119349,32010,894
2020-07-14$23.32$22.0051.5%15.2%35.9%35.7%51.7%6.7%-6.5%2.1M-31.1M-98.7K0.0447.02N/AN/A2,77310152,86311,058
2020-07-15$24.20$22.0050.1%14.4%37.0%33.7%50.6%4.5%-5.6%2.8M-37.4M-87.0K0.0943.81N/AN/A7,78168648,60411,103
2020-07-16$23.96$22.0052.0%14.9%36.0%36.4%51.7%5.6%-4.8%1.3M-31.6M-80.6K0.0944.41N/AN/A2,08517843,17111,108
2020-07-17$23.88$22.0047.3%13.6%36.1%29.5%45.6%6.4%-2.8%1.1M-31.3M-80.5K0.0140.85N/AN/A13,5569943,95710,963
2020-07-20$23.49$22.0048.6%13.9%36.5%31.4%46.4%4.9%-4.3%1.5M-24.4M-103.0K0.1941.37N/AN/A66812431,3014,541
2020-07-21$23.78$22.0047.1%13.5%36.6%29.3%47.5%5.8%-4.7%1.6M-26.7M-106.0K0.0127.55N/AN/A491631,6654,651
2020-07-22$23.53$22.0046.8%13.4%36.4%28.8%45.6%4.6%-4.5%1.6M-24.0M-100.3K0.0429.75N/AN/A123531,7154,657
2020-07-23$23.47$22.0047.3%13.5%29.7%29.5%44.0%7.0%-4.7%1.6M-23.3M-97.4K0.0028.20N/AN/A586231,7084,662
2020-07-24$23.51$22.0046.1%13.2%29.7%27.7%45.7%7.9%-4.2%1.6M-23.8M-96.8K0.0318.76N/AN/A6992231,8654,664
2020-07-27$21.91$22.0049.0%14.1%38.8%32.0%47.3%4.5%-4.9%1.1M-11.2M-76.0K0.0218.24N/AN/A21,46553332,3014,661
2020-07-28$21.19$22.0050.8%14.6%40.4%34.6%48.7%6.1%-4.6%1.1M-8.6M-73.9K0.3022.98N/AN/A35010632,4015,445
2020-07-29$21.15$22.0054.4%15.6%38.6%39.8%53.1%4.2%-6.9%1.0M-8.6M-73.2K0.0427.73N/AN/A15,58963232,5135,476
2020-07-30$22.45$22.0044.0%12.6%43.8%24.8%42.8%3.2%-2.0%2.6M-31.7M-120.6K0.0222.60N/AN/A24,83640445,5435,966
2020-07-31$23.45$21.0045.4%13.0%46.1%26.8%44.4%3.3%-2.9%2.5M-41.3M-120.7K0.0322.59N/AN/A7,36118640,4026,129