ELAN Options History — April 2022

In April 2022, ELAN traded between $25.39 and $26.58. ATM implied volatility averaged 39.0%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 9.8% (HV 20d: 29.1%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.71.

Notable Days

  • 2022-04-05: Highest Volume — 9,286 contracts
  • 2022-04-11: Largest IV spike — 21.0% change
  • 2022-04-29: Highest IV Rank — 19.4%
  • 2022-04-29: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.97$25.39$26.58$26.10$25.50
Max Pain$29.20$29.00$30.00$29.00$29.00
ATM IV39.0%30.3%46.8%30.3%46.8%
Expected Move11.4%10.1%13.4%10.7%13.4%
HV 20d29.1%18.9%46.4%46.4%18.9%
HV 60d36.2%34.9%38.6%38.6%35.0%
IV Rank13.0%6.0%19.4%6.0%19.4%
IV Percentile76.3%38.1%98.4%38.1%98.4%
Term Structure-3.2%-6.4%5.7%5.7%-6.4%
VWIV41.6%36.4%46.8%39.7%44.8%
Skew 25d4.8%3.0%7.1%3.3%6.2%
Skew 10d10.1%6.5%14.3%12.3%11.6%
Call IV 25d38.6%31.2%44.6%31.2%44.6%
Put IV 25d43.4%34.5%50.9%34.5%50.9%
Bid-Ask Spread %63.8454.8974.4260.2466.97
Gamma HHI0.290.200.550.280.21
Net GEX-885.6K-2.6M-57.5K-1.2M-135.5K
Net DEX5.6M-1.4M17.4M10.2M1.5M
Net VEX-119.7K-136.8K-106.9K-136.8K-106.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.365.553.690.57
Total Volume3,402.85639,2867,5011,648
Total OI34,212.1525,12443,47840,20226,468

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$26.10$29.0030.3%10.7%46.4%6.0%39.7%3.3%5.7%-1.2M10.2M-136.8K3.6960.24N/AN/A1,5985,90320,51919,683
2022-04-04$26.19$29.0032.9%10.1%37.9%8.2%39.7%7.1%-2.4%-1.3M9.9M-130.7K2.8771.90N/AN/A2,2816,53620,51219,523
2022-04-05$26.05$29.0032.8%10.4%37.6%8.1%40.8%4.9%-3.5%-1.3M11.6M-127.9K5.5564.06N/AN/A1,4187,86821,07619,803
2022-04-06$26.55$29.0033.8%10.4%35.1%8.8%43.9%4.0%-2.9%-1.2M7.2M-135.0K2.8255.26N/AN/A1,3653,85121,12521,801
2022-04-07$26.58$29.0033.6%10.7%34.8%8.7%43.2%5.2%-4.1%-1.2M7.6M-135.4K3.0254.89N/AN/A1,3113,96021,11521,818
2022-04-08$26.33$29.0033.8%10.9%34.8%8.8%43.3%4.8%-3.8%-1.5M9.5M-134.7K2.6860.36N/AN/A1,3093,50521,12021,979
2022-04-11$26.04$29.0040.9%11.2%29.3%14.6%36.4%5.7%-4.6%-1.9M12.7M-124.9K1.5358.42N/AN/A1,2261,87021,12421,975
2022-04-12$25.76$30.0043.4%11.2%29.5%16.6%38.1%5.2%-4.5%-2.2M17.4M-120.8K1.8957.32N/AN/A1,2382,34521,17922,160
2022-04-13$26.12$30.0038.1%10.9%27.3%12.3%39.0%4.7%-3.3%-2.6M12.2M-120.2K1.5256.75N/AN/A1,2931,96621,20322,091
2022-04-14$26.25$30.0038.0%10.9%26.9%12.3%39.0%3.4%-2.2%-2.2M6.2M-118.5K1.2462.55N/AN/A1,2861,59321,31422,164
2022-04-18$25.69$30.0040.0%11.5%25.4%13.8%40.7%3.4%-3.8%-125.4K1.3M-111.5K0.6963.97N/AN/A1,03972013,55011,574
2022-04-19$26.13$29.0038.7%11.1%26.2%12.8%39.4%3.8%-3.9%-80.1K-588.6K-113.0K0.4868.91N/AN/A1,08451813,75211,820
2022-04-20$26.33$29.0038.6%11.1%26.1%12.7%39.7%4.7%-2.1%-57.5K-1.4M-115.7K0.3670.94N/AN/A1,47352613,89811,830
2022-04-21$26.04$29.0040.1%11.5%26.1%13.9%40.5%3.0%-3.4%-60.0K-969.7K-114.2K0.5874.42N/AN/A90352514,40811,859
2022-04-22$25.39$29.0041.7%12.0%27.1%15.3%41.6%4.8%-2.9%-152.8K2.2M-109.8K0.6463.98N/AN/A87456314,44711,848
2022-04-25$25.55$29.0042.2%12.1%25.2%15.7%44.5%6.2%-3.7%-129.9K1.6M-108.0K0.6464.34N/AN/A86155514,45811,851
2022-04-26$25.49$29.0046.3%13.3%24.9%19.0%46.8%4.9%-4.6%-148.4K1.6M-108.2K0.6364.57N/AN/A88655614,46511,870
2022-04-27$25.65$29.0043.1%12.4%21.9%16.4%46.0%6.1%-3.3%-100.4K986.2K-111.1K2.1566.29N/AN/A204314,53711,873
2022-04-28$25.72$29.0044.2%12.7%21.5%17.3%44.3%5.5%-4.5%-110.3K650.0K-109.9K0.6370.69N/AN/A94459714,54911,902
2022-04-29$25.50$29.0046.8%13.4%18.9%19.4%44.8%6.2%-6.4%-135.5K1.5M-106.9K0.5766.97N/AN/A1,04959914,55311,915