ELAN Options History — May 2022

In May 2022, ELAN traded between $20.83 and $25.23. ATM implied volatility averaged 43.6%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 3.8% (HV 20d: 39.8%). Max pain ranged from $23.00 to $29.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.44.

Notable Days

  • 2022-05-17: Highest Volume — 14,830 contracts
  • 2022-05-18: Largest IV spike — 13.8% change
  • 2022-05-06: Highest IV Rank — 24.6%
  • 2022-05-02: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.42$20.83$25.23$25.11$23.59
Max Pain$25.19$23.00$29.00$29.00$24.00
ATM IV43.6%34.3%53.3%51.6%37.0%
Expected Move12.1%9.8%14.8%14.8%10.6%
HV 20d39.8%19.4%51.0%19.4%50.9%
HV 60d39.1%34.5%42.1%34.6%40.7%
IV Rank16.8%9.2%24.6%23.3%11.5%
IV Percentile86.0%55.6%99.6%99.6%66.7%
Term Structure-3.1%-9.8%4.8%-8.7%-9.8%
VWIV43.4%35.3%65.9%51.7%37.5%
Skew 25d5.0%-3.0%17.9%1.1%1.7%
Skew 10d16.5%1.2%79.5%9.2%1.2%
Call IV 25d41.0%34.0%53.8%53.8%36.9%
Put IV 25d46.0%37.7%56.3%54.8%38.6%
Bid-Ask Spread %76.7753.37101.4281.4099.62
Gamma HHI0.280.210.500.230.26
Net GEX-481.9K-1.6M-134.0K-184.4K-173.3K
Net DEX9.8M1.7M24.2M2.2M2.6M
Net VEX-82.9K-109.4K-49.9K-106.6K-87.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.440.6310.380.651.13
Total Volume4,447.7141,49314,8301,4933,423
Total OI28,872.52426,67032,62726,67028,222

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$25.11$29.0051.6%14.8%19.4%23.3%51.7%1.1%-8.7%-184.4K2.2M-106.6K0.6581.40N/AN/A90758614,73711,933
2022-05-03$25.23$29.0048.9%14.0%19.5%21.1%50.1%6.5%-7.6%-177.3K1.9M-104.2K0.6372.18N/AN/A92758214,74911,935
2022-05-04$25.01$29.0049.1%14.1%19.6%21.2%54.7%8.3%-7.7%-192.3K1.7M-109.4K0.6893.01N/AN/A91562614,75411,936
2022-05-05$24.18$26.0052.4%12.4%21.0%23.9%41.5%6.7%-1.7%-317.1K7.3M-92.1K0.6761.96N/AN/A91961614,78311,961
2022-05-06$23.72$26.0053.3%12.6%21.5%24.6%42.6%7.1%-4.7%-348.9K9.4M-86.4K2.2268.26N/AN/A1,4263,15914,79211,973
2022-05-09$21.88$26.0047.5%12.1%34.3%19.9%40.9%6.8%-2.0%-486.8K20.6M-66.5K3.0666.35N/AN/A1,0373,17215,34014,506
2022-05-10$21.97$25.0044.7%11.6%34.6%17.7%38.9%4.9%-1.1%-527.4K22.0M-63.2K1.0666.95N/AN/A1,1581,22615,31414,810
2022-05-11$20.83$25.0041.8%12.0%38.1%15.3%39.7%5.0%-2.0%-198.7K24.2M-49.9K0.8253.37N/AN/A1,2611,03515,48714,735
2022-05-12$21.50$25.0044.8%12.9%40.0%17.8%42.4%6.1%-4.4%-354.5K23.3M-55.0K1.1970.30N/AN/A1,1941,41615,46414,687
2022-05-13$22.36$25.0039.8%11.4%43.4%13.7%38.5%5.4%-0.7%-720.2K20.9M-66.1K1.0473.33N/AN/A1,3861,43815,50814,862
2022-05-16$23.26$25.0038.7%11.1%46.2%12.8%43.5%-3.0%3.1%-1.3M15.4M-77.7K4.2070.16N/AN/A1,2185,11015,69014,865
2022-05-17$24.10$24.0037.9%10.9%47.8%12.2%65.9%6.5%-3.5%-964.5K8.6M-85.7K10.3897.63N/AN/A1,30313,52715,71115,180
2022-05-18$23.43$24.0043.2%12.4%48.3%16.4%42.6%2.4%4.8%-1.1M12.8M-86.3K7.6774.93N/AN/A1,2459,54315,84416,783
2022-05-19$23.30$24.0041.0%11.8%48.3%14.7%42.5%5.9%-0.4%-661.0K10.0M-87.0K8.2087.87N/AN/A1,1869,72915,84715,214
2022-05-20$24.14$24.0042.0%12.1%49.8%15.5%38.3%5.7%-2.9%-1.6M4.7M-88.9K3.4269.96N/AN/A1,5745,38415,84215,346
2022-05-23$23.76$24.0043.2%12.4%49.9%16.5%38.5%17.9%-3.6%-165.8K3.2M-90.9K0.6896.54N/AN/A1,6941,14415,31911,889
2022-05-24$23.23$24.0046.1%13.2%50.3%18.8%43.1%-3.0%-8.4%-199.1K6.0M-81.8K0.6368.43N/AN/A1,7251,08815,37811,901
2022-05-25$23.46$24.0039.9%11.4%50.5%13.8%42.8%5.6%-0.8%-177.2K3.7M-90.5K0.6756.54N/AN/A1,6041,08015,46511,918
2022-05-26$23.84$24.0038.3%11.0%50.9%12.5%40.6%2.9%-1.0%-150.4K3.3M-81.1K1.08101.42N/AN/A1,6611,78915,56311,918
2022-05-27$23.93$23.0034.3%9.8%51.0%9.2%35.3%3.7%-0.8%-134.0K2.7M-85.2K1.1982.01N/AN/A1,5511,83815,64012,522
2022-05-31$23.59$24.0037.0%10.6%50.9%11.5%37.5%1.7%-9.8%-173.3K2.6M-87.0K1.1399.62N/AN/A1,6041,81915,64912,573