ELAN Options History — August 2022

In August 2022, ELAN traded between $15.03 and $20.03. ATM implied volatility averaged 44.2%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 12.1% (HV 20d: 32.1%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 2.09.

Notable Days

2022-08-05: Highest Volume — 15,094 contracts
2022-08-08: Largest IV drop — 21.2% change
2022-08-05: Highest IV Rank — 31.5%
2022-08-02: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.98	$15.03	$20.03	$19.68	$15.08
Max Pain	$19.70	$19.00	$20.00	$20.00	$19.00
ATM IV	44.2%	38.3%	61.8%	52.1%	43.6%
Expected Move	12.2%	11.0%	15.6%	15.0%	12.5%
HV 20d	32.1%	21.4%	40.8%	22.2%	40.8%
HV 60d	36.5%	34.3%	40.9%	40.9%	36.0%
IV Rank	17.3%	12.5%	31.5%	23.7%	16.8%
IV Percentile	75.1%	55.2%	99.6%	98.8%	78.2%
Term Structure	-1.8%	-8.5%	1.0%	-7.5%	-1.1%
VWIV	44.9%	39.7%	53.6%	52.6%	50.0%
Skew 25d	0.6%	-3.7%	6.1%	4.2%	-0.6%
Skew 10d	-0.3%	-18.9%	14.0%	7.0%	-9.4%
Call IV 25d	45.1%	41.1%	52.7%	51.9%	46.2%
Put IV 25d	45.7%	40.3%	57.2%	56.1%	45.7%
Bid-Ask Spread %	61.95	28.78	72.43	70.08	28.78
Gamma HHI	0.44	0.22	0.72	0.72	0.26
Net GEX	1.4M	-84.8K	3.4M	1.9M	-78.3K
Net DEX	-9.3M	-40.7M	15.3M	-25.8M	15.3M
Net VEX	-125.6K	-194.3K	-61.8K	-143.8K	-61.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.09	0.01	30.26	0.51	0.55
Total Volume	5,055.217	91	15,094	11,688	7,214
Total OI	81,910.652	61,430	94,434	61,430	87,664

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-08-01	$19.68	$20.00	52.1%	15.0%	22.2%	23.7%	52.6%	4.2%	-7.5%	1.9M	-25.8M	-143.8K	0.51	70.08	N/A	N/A	7,754	3,934	51,399	10,031
2022-08-02	$19.50	$20.00	54.4%	15.6%	22.3%	25.5%	53.6%	4.0%	-8.5%	2.0M	-25.7M	-159.5K	0.89	72.19	N/A	N/A	4,528	4,022	57,515	10,536
2022-08-03	$19.29	$20.00	52.4%	15.0%	22.2%	23.9%	50.7%	6.1%	-6.2%	1.9M	-22.6M	-153.3K	0.59	72.43	N/A	N/A	7,424	4,408	58,408	10,867
2022-08-04	$19.05	$20.00	56.8%	12.9%	21.4%	27.4%	44.2%	5.1%	-3.2%	1.8M	-19.9M	-153.5K	0.45	65.48	N/A	N/A	8,701	3,939	61,306	12,064
2022-08-05	$19.49	$20.00	61.8%	13.4%	23.4%	31.5%	45.9%	3.5%	-3.1%	2.1M	-30.4M	-185.0K	0.38	66.59	N/A	N/A	10,960	4,134	65,086	12,709
2022-08-08	$19.86	$20.00	48.7%	12.0%	24.1%	20.9%	39.9%	-0.1%	-1.6%	2.9M	-37.8M	-194.3K	1.45	65.66	N/A	N/A	3,269	4,748	69,265	13,888
2022-08-09	$18.96	$20.00	40.8%	11.4%	28.7%	14.5%	39.7%	1.8%	-2.2%	2.2M	-18.0M	-157.4K	3.35	64.37	N/A	N/A	196	657	69,117	13,901
2022-08-10	$19.60	$20.00	38.3%	11.0%	31.1%	12.5%	40.5%	1.1%	-1.4%	2.9M	-28.9M	-175.5K	0.33	66.63	N/A	N/A	325	107	69,108	14,271
2022-08-11	$19.60	$20.00	39.4%	11.3%	31.1%	13.4%	40.4%	0.4%	-1.5%	2.9M	-28.4M	-173.2K	0.01	69.05	N/A	N/A	830	6	69,329	14,205
2022-08-12	$20.03	$20.00	39.4%	11.3%	31.1%	13.4%	41.1%	0.8%	-1.4%	3.4M	-40.7M	-187.1K	0.08	69.84	N/A	N/A	6,008	497	69,873	14,129
2022-08-15	$19.37	$20.00	39.1%	11.2%	33.3%	13.1%	44.5%	0.6%	-0.2%	3.1M	-24.3M	-157.5K	30.26	69.27	N/A	N/A	190	5,749	73,486	14,182
2022-08-16	$19.05	$20.00	39.5%	11.3%	31.2%	13.4%	41.5%	1.2%	-1.7%	2.2M	-14.4M	-151.3K	2.58	65.58	N/A	N/A	423	1,090	73,199	19,918
2022-08-17	$18.63	$20.00	38.3%	11.0%	31.8%	12.5%	40.4%	0.9%	-0.2%	1.7M	-9.6M	-140.2K	0.21	72.37	N/A	N/A	75	16	73,774	20,170
2022-08-18	$18.11	$20.00	39.2%	11.2%	32.8%	13.2%	42.2%	-2.4%	-1.6%	878.1K	870.1K	-116.0K	1.38	58.90	N/A	N/A	1,598	2,208	73,792	20,138
2022-08-19	$17.48	$20.00	38.3%	11.0%	34.2%	12.5%	43.3%	-3.3%	0.7%	493.0K	6.0M	-101.1K	0.64	50.34	N/A	N/A	998	639	74,134	20,300
2022-08-22	$16.41	$20.00	43.9%	12.6%	39.4%	17.0%	52.4%	1.4%	-0.8%	-69.5K	13.1M	-65.7K	0.21	59.76	N/A	N/A	5,167	1,082	58,450	16,751
2022-08-23	$16.23	$19.00	41.8%	12.0%	39.1%	15.3%	43.3%	-3.1%	-1.1%	63.2K	10.7M	-75.1K	2.22	49.99	N/A	N/A	241	536	60,668	16,820
2022-08-24	$16.16	$19.00	40.0%	11.5%	38.4%	13.9%	45.4%	-2.1%	1.0%	27.4K	11.6M	-69.2K	0.42	54.38	N/A	N/A	484	202	60,825	16,673
2022-08-25	$16.16	$19.00	40.2%	11.5%	38.5%	14.1%	45.5%	-0.1%	0.9%	-46.4K	12.4M	-66.3K	0.03	53.51	N/A	N/A	8,084	237	60,791	16,829
2022-08-26	$15.39	$19.00	42.2%	12.1%	40.7%	15.7%	44.7%	-3.7%	-0.5%	1.2K	13.1M	-73.6K	0.56	56.43	N/A	N/A	967	539	68,080	17,028
2022-08-29	$15.31	$19.00	42.7%	12.2%	40.4%	16.1%	45.1%	-2.8%	-0.3%	-84.8K	14.6M	-66.7K	0.36	56.10	N/A	N/A	770	274	68,903	17,447
2022-08-30	$15.03	$19.00	43.4%	12.4%	40.4%	16.6%	45.5%	0.0%	-0.6%	-67.9K	15.2M	-62.0K	0.59	67.21	N/A	N/A	654	386	69,508	17,408
2022-08-31	$15.08	$19.00	43.6%	12.5%	40.8%	16.8%	50.0%	-0.6%	-1.1%	-78.3K	15.3M	-61.8K	0.55	28.78	N/A	N/A	4,645	2,569	70,084	17,580