ELAN Options History — April 2021

In April 2021, ELAN traded between $28.72 and $32.22. ATM implied volatility averaged 37.0%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 0.7% (HV 20d: 36.2%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 14.10.

Notable Days

  • 2021-04-12: Highest Volume — 16,706 contracts
  • 2021-04-14: Largest IV spike — 12.2% change
  • 2021-04-29: Highest IV Rank — 21.8%
  • 2021-04-29: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.26$28.72$32.22$28.72$31.77
Max Pain$30.05$30.00$31.00$31.00$30.00
ATM IV37.0%32.5%41.2%33.4%40.8%
Expected Move11.1%9.6%11.8%9.6%11.7%
HV 20d36.2%21.0%46.9%46.9%21.0%
HV 60d35.5%34.9%36.1%35.7%34.9%
IV Rank10.6%0.0%21.8%0.0%20.9%
IV Percentile9.5%0.0%29.8%0.0%25.8%
Term Structure-2.6%-6.7%8.6%8.6%-6.1%
VWIV39.0%34.0%43.4%34.0%40.8%
Skew 25d1.7%0.4%3.7%0.7%0.4%
Skew 10d3.8%-1.1%12.6%12.6%1.8%
Call IV 25d37.9%33.5%40.8%33.5%40.8%
Put IV 25d39.6%34.2%42.2%34.2%41.3%
Bid-Ask Spread %64.9452.2979.5779.5769.41
Gamma HHI0.260.120.570.290.12
Net GEX-1.4M-3.5M3.7M-3.1M-350.6K
Net DEX4.9M-13.9M29.0M29.0M-11.4M
Net VEX-150.9K-172.5K-129.2K-172.5K-133.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio14.100.01248.341.290.01
Total Volume1,891.5715616,706204263
Total OI57,069.04843,62378,06562,09044,927

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$28.72$31.0033.4%9.6%46.9%0.0%34.0%0.7%8.6%-3.1M29.0M-172.5K1.2979.57N/AN/A8911521,53540,555
2021-04-05$28.99$30.0036.1%11.6%46.7%6.9%40.5%3.7%-3.2%-3.1M26.3M-162.0K0.8258.16N/AN/A24620121,58340,604
2021-04-06$28.77$30.0033.7%11.3%44.5%0.8%40.1%2.1%-2.2%-3.4M28.9M-155.4K2.0958.10N/AN/A7716121,67740,720
2021-04-07$29.74$30.0033.6%11.7%46.5%0.5%43.4%3.3%-3.9%-2.4M14.3M-153.2K0.0458.55N/AN/A4,29518621,70640,507
2021-04-08$29.65$30.0033.1%11.4%46.1%0.0%40.5%2.4%-2.4%-2.2M10.8M-158.1K1.0452.93N/AN/A11411824,01440,596
2021-04-09$29.70$30.0032.5%11.4%42.9%0.0%39.5%1.5%-3.7%-2.2M10.3M-156.1K0.1852.29N/AN/A1262324,05540,613
2021-04-12$29.46$30.0034.7%11.1%42.7%5.4%40.4%1.4%-2.1%-2.8M11.4M-139.8K248.3465.77N/AN/A6716,63924,12940,610
2021-04-13$29.47$30.0034.2%11.0%42.7%4.2%37.8%1.6%-3.5%-3.4M16.3M-164.4K2.1157.60N/AN/A1,4893,14824,17252,666
2021-04-14$29.55$30.0038.4%11.0%42.5%14.7%38.2%2.2%-1.9%-3.5M12.4M-161.5K3.6765.75N/AN/A20976624,90952,822
2021-04-15$30.11$30.0037.5%10.7%43.0%12.4%36.9%1.2%-1.6%-215.2K45.2K-154.2K0.1364.43N/AN/A4315425,02653,035
2021-04-16$29.99$30.0036.1%10.4%43.0%9.0%37.4%1.0%-1.6%3.7M1.3M-146.1K29.4167.65N/AN/A2517,38325,00853,057
2021-04-19$29.97$30.0038.1%10.9%35.3%14.0%37.8%1.6%-2.8%-1.2M3.8M-159.6K3.8566.93N/AN/A24895612,17331,450
2021-04-20$30.78$30.0037.5%10.7%31.7%12.4%37.4%1.2%-1.6%-904.1K-2.2M-152.6K0.0967.00N/AN/A6415512,35131,465
2021-04-21$31.26$30.0037.8%10.8%28.6%13.2%37.9%2.9%-2.8%-717.5K-5.6M-154.1K0.0766.75N/AN/A2261612,92631,454
2021-04-22$30.77$30.0039.1%11.2%28.9%16.4%37.2%1.8%-3.9%-880.9K-2.9M-149.8K1.1971.06N/AN/A13215712,97831,459
2021-04-23$30.84$30.0038.0%10.9%28.2%13.7%38.9%2.3%-2.5%-793.1K-3.7M-149.3K0.6467.58N/AN/A754812,97231,559
2021-04-26$31.10$30.0039.3%11.3%27.6%17.0%40.5%1.5%-4.1%-671.0K-6.3M-140.8K0.1466.80N/AN/A1642313,08431,604
2021-04-27$31.20$30.0040.0%11.5%24.0%18.7%39.2%0.8%-3.7%-613.9K-7.1M-140.6K0.3068.15N/AN/A431313,15631,607
2021-04-28$31.46$30.0041.1%11.8%24.0%21.4%39.1%2.2%-6.7%-476.4K-9.5M-135.5K0.4671.10N/AN/A1346213,18131,620
2021-04-29$32.22$30.0041.2%11.8%23.7%21.8%40.6%0.5%-3.1%-242.0K-13.9M-129.2K0.1968.16N/AN/A2344513,26131,624
2021-04-30$31.77$30.0040.8%11.7%21.0%20.9%40.8%0.4%-6.1%-350.6K-11.4M-133.8K0.0169.41N/AN/A260313,31131,616