ELAN Options History — March 2022

In March 2022, ELAN traded between $25.20 and $28.93. ATM implied volatility averaged 41.0%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 3.1% (HV 20d: 44.1%). Max pain ranged from $25.00 to $29.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 2.34.

Notable Days

  • 2022-03-25: Highest Volume — 15,802 contracts
  • 2022-03-07: Largest IV spike — 288.9% change
  • 2022-03-07: Highest IV Rank — 100.0%
  • 2022-03-07: Largest Expected Move — 42.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.93$25.20$28.93$28.80$26.28
Max Pain$27.52$25.00$29.00$28.00$29.00
ATM IV41.0%27.8%146.6%37.1%35.0%
Expected Move12.6%10.0%42.0%10.6%10.6%
HV 20d44.1%32.1%49.5%33.8%46.5%
HV 60d36.3%32.1%38.8%32.6%38.8%
IV Rank19.7%4.0%100.0%28.7%9.8%
IV Percentile66.9%15.9%100.0%71.0%65.1%
Term Structure0.8%-30.7%19.6%0.2%1.6%
VWIV43.7%35.5%109.5%40.7%39.2%
Skew 25d7.5%2.0%70.7%2.1%3.8%
Skew 10d10.1%-1.9%62.8%2.8%8.8%
Call IV 25d36.8%28.1%66.2%39.2%31.7%
Put IV 25d44.4%30.6%127.9%41.3%35.5%
Bid-Ask Spread %72.9842.10137.3863.6170.82
Gamma HHI0.210.140.350.140.25
Net GEX-181.0K-1.2M470.4K419.4K-991.5K
Net DEX-2.3M-15.9M8.9M-15.8M8.9M
Net VEX-137.8K-157.6K-120.5K-144.7K-139.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.341.069.272.063.57
Total Volume5,121.6092,83915,8024,9007,729
Total OI36,788.34828,32941,52935,25940,368

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$28.80$28.0037.1%10.6%33.8%28.7%40.7%2.1%0.2%419.4K-15.8M-144.7K2.0663.61N/AN/A1,6003,30019,74915,510
2022-03-02$28.93$28.0036.6%10.5%32.8%27.8%39.6%3.3%1.1%424.4K-15.9M-154.4K1.6568.34N/AN/A1,9723,24720,19216,855
2022-03-03$28.40$28.0036.4%10.4%33.9%49.6%38.3%2.5%1.3%378.8K-13.4M-154.7K2.0367.02N/AN/A1,3762,79820,42416,855
2022-03-04$28.03$28.0037.7%10.8%32.1%54.3%38.9%3.6%0.6%274.3K-10.9M-151.7K1.9669.45N/AN/A1,3562,66220,46816,857
2022-03-07$25.99$28.00146.6%42.0%43.2%100.0%109.5%70.7%-30.7%67.0K-2.8M-157.6K1.64137.38N/AN/A1,4632,39420,64716,946
2022-03-08$25.64$28.0041.8%13.0%43.5%15.3%44.6%5.2%-3.8%-649.3K5.8M-137.6K1.1272.80N/AN/A1,4781,66220,67617,770
2022-03-09$26.73$28.0038.9%12.2%45.6%13.0%52.2%5.0%-0.7%-295.5K-736.2K-143.9K1.1080.24N/AN/A1,3901,52320,69017,888
2022-03-10$26.38$28.0040.4%12.7%44.5%14.2%44.2%3.8%-1.2%-453.1K1.1M-139.7K1.0976.75N/AN/A1,5091,64120,69917,899
2022-03-11$26.56$28.0041.4%12.1%43.9%15.0%44.9%3.8%-5.2%-326.7K-1.4M-138.6K1.0687.38N/AN/A1,5151,60520,79217,977
2022-03-14$25.20$25.0044.3%11.4%47.9%17.3%38.6%4.7%-3.5%-1.2M7.9M-125.7K1.3142.10N/AN/A1,7162,25420,77017,957
2022-03-15$25.37$25.0043.1%11.3%47.7%16.4%38.1%5.3%-4.6%-1.1M7.1M-124.4K1.3650.62N/AN/A1,6262,21520,85718,567
2022-03-16$26.24$25.0039.9%12.1%48.3%13.8%42.4%19.7%3.6%-436.0K397.3K-134.2K1.57117.38N/AN/A1,4012,20020,82918,578
2022-03-17$26.60$0.0034.9%14.5%48.5%9.8%0.0%2.9%19.6%254.3K-2.3M-126.0K1.5885.47N/AN/A1,3922,20020,84018,579
2022-03-18$27.40$0.0034.4%11.1%49.5%9.3%37.6%4.1%3.6%470.4K-6.2M-127.6K1.0746.91N/AN/A1,4331,53520,84818,577
2022-03-21$27.14$27.0033.8%10.8%49.4%8.8%36.7%4.0%4.2%328.7K-5.1M-126.2K1.0960.17N/AN/A1,3581,48119,3799,010
2022-03-22$27.43$27.0031.4%10.8%49.0%6.9%36.0%6.0%6.2%379.1K-7.5M-130.5K1.0772.92N/AN/A1,8571,98119,4278,902
2022-03-23$27.14$27.0032.4%10.3%49.2%7.8%35.5%4.0%3.5%373.5K-5.6M-122.5K1.5770.31N/AN/A1,2561,97619,9778,782
2022-03-24$27.35$27.0030.6%10.3%43.6%6.2%41.9%4.4%5.1%441.9K-6.6M-120.5K4.7875.87N/AN/A1,2976,20019,9818,784
2022-03-25$26.50$27.0037.2%11.4%44.8%11.6%40.7%4.1%0.7%73.8K-496.0K-131.4K9.2770.77N/AN/A1,53914,26319,95412,970
2022-03-28$26.72$29.0031.9%10.6%44.5%7.3%42.3%5.1%4.9%-1.1M8.4M-150.6K4.1667.95N/AN/A1,5196,32120,22521,304
2022-03-29$27.55$29.0027.8%10.0%45.6%4.0%40.2%3.6%6.5%-711.0K217.6K-145.2K4.1361.93N/AN/A1,7317,15720,27421,044
2022-03-30$27.11$29.0029.6%10.1%45.8%5.5%39.7%2.0%5.4%-812.4K2.4M-141.8K3.5862.36N/AN/A1,6745,99520,47519,980
2022-03-31$26.28$29.0035.0%10.6%46.5%9.8%39.2%3.8%1.6%-991.5K8.9M-139.5K3.5770.82N/AN/A1,6916,03820,46819,900