ELAN Options History — March 2023

In March 2023, ELAN traded between $8.84 and $11.30. ATM implied volatility averaged 46.0%, placing in the 32.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 3.4% (HV 20d: 49.4%). Max pain ranged from $11.00 to $13.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-03-15: Highest Volume — 8,872 contracts
  • 2023-03-10: Largest IV spike — 29.3% change
  • 2023-03-13: Highest IV Rank — 71.0%
  • 2023-03-15: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.74$8.84$11.30$11.30$9.43
Max Pain$11.96$11.00$13.00$13.00$11.00
ATM IV46.0%40.2%62.6%46.5%46.2%
Expected Move12.7%11.0%14.3%13.3%13.2%
HV 20d49.4%35.8%59.3%59.3%45.4%
HV 60d46.8%45.9%48.4%45.9%47.1%
IV Rank32.6%10.4%71.0%15.7%36.4%
IV Percentile50.1%23.4%94.0%59.5%54.8%
Term Structure4.0%-1.6%8.4%-1.6%5.0%
VWIV44.0%37.1%49.5%45.0%44.3%
Skew 25d0.6%-11.2%7.5%-4.3%3.9%
Skew 10d2.8%-14.0%38.4%-1.0%4.5%
Call IV 25d44.5%40.1%49.2%43.0%40.1%
Put IV 25d45.1%33.7%53.1%38.7%44.0%
Bid-Ask Spread %59.8322.0085.6244.4867.74
Gamma HHI0.480.250.740.250.74
Net GEX-465.4K-991.0K-239.4K-426.0K-408.0K
Net DEX20.9M8.4M31.8M8.4M14.1M
Net VEX-77.6K-128.6K-49.9K-128.6K-62.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.041.760.860.29
Total Volume1,335.4785148,872630625
Total OI103,813.91392,370117,754107,16793,795

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$11.30$13.0046.5%13.3%59.3%15.7%45.0%-4.3%-1.6%-426.0K8.4M-128.6K0.8644.48N/AN/A33829260,04947,118
2023-03-02$11.04$13.0043.3%12.4%56.0%13.0%43.1%3.0%-1.4%-627.1K12.4M-118.9K0.1772.60N/AN/A2,17536760,72847,198
2023-03-03$11.09$13.0040.2%11.5%55.1%10.4%39.9%-8.8%-0.3%-693.6K11.6M-120.6K0.5385.62N/AN/A46424862,54347,232
2023-03-06$10.86$13.0042.3%11.4%54.2%12.1%41.6%0.8%5.5%-836.1K15.8M-115.4K0.9475.47N/AN/A45242662,94547,477
2023-03-07$10.64$13.0041.0%11.3%54.3%11.1%40.4%2.6%5.6%-991.0K21.1M-99.6K1.7622.00N/AN/A22038763,28447,680
2023-03-08$10.68$13.0041.3%11.0%53.7%11.4%38.8%0.2%4.2%-941.9K18.5M-107.9K0.1381.48N/AN/A6097963,46947,786
2023-03-09$10.13$12.0045.1%11.8%54.2%35.3%40.4%0.6%4.0%-724.0K26.3M-89.9K1.6636.96N/AN/A42069663,69847,762
2023-03-10$9.54$12.0058.3%13.1%56.6%62.3%46.7%0.2%1.8%-515.8K30.8M-72.4K0.5666.57N/AN/A98554964,03447,572
2023-03-13$9.36$12.0062.6%13.5%56.5%71.0%49.4%-0.2%1.6%-369.3K31.5M-68.8K1.4580.92N/AN/A40158164,44647,896
2023-03-14$9.43$12.0049.5%13.8%55.8%44.3%49.5%-0.1%2.1%-342.0K31.6M-71.5K0.1582.45N/AN/A71110964,79048,322
2023-03-15$9.43$12.0049.7%14.3%56.1%44.7%48.7%3.9%1.9%-347.4K31.4M-71.3K0.0475.50N/AN/A8,49437865,32048,270
2023-03-16$9.66$12.0045.5%13.0%54.6%36.0%46.3%3.9%5.9%-243.9K30.5M-75.4K0.2075.08N/AN/A1,08222168,56348,522
2023-03-17$9.39$12.0048.1%13.8%54.7%41.3%48.7%4.6%6.7%-351.6K31.8M-67.5K0.1866.43N/AN/A89216369,12548,629
2023-03-20$9.34$12.0047.4%13.6%54.7%40.0%47.6%3.1%4.4%-343.1K18.7M-68.0K0.7422.47N/AN/A29621859,03834,489
2023-03-21$9.54$12.0041.4%11.9%40.3%27.8%40.3%7.5%6.1%-440.3K18.5M-67.7K0.0472.55N/AN/A1,3745459,40834,623
2023-03-22$9.14$12.0042.6%12.2%36.2%30.1%38.1%-8.1%5.0%-344.8K19.4M-59.0K0.2474.93N/AN/A1,06925260,48932,953
2023-03-23$8.84$11.0044.5%12.8%36.6%34.1%45.0%2.5%5.1%-261.4K19.7M-53.0K0.0772.49N/AN/A1,1267961,15632,086
2023-03-24$8.84$11.0046.6%13.4%35.8%38.3%49.4%5.1%4.7%-239.4K18.7M-53.0K0.8022.13N/AN/A30924761,77031,227
2023-03-27$9.18$11.0046.6%13.4%40.2%38.4%45.1%7.0%3.9%-355.6K18.6M-53.2K0.6968.02N/AN/A51235561,99031,037
2023-03-28$8.91$11.0042.1%12.1%40.6%29.1%42.3%2.7%8.4%-278.0K18.9M-49.9K0.1759.71N/AN/A4527662,46530,948
2023-03-29$9.14$11.0044.7%12.8%42.7%34.5%37.1%-5.8%5.7%-320.4K16.7M-54.4K0.3228.32N/AN/A1,06934462,90729,463
2023-03-30$9.09$11.0043.3%12.4%42.5%31.6%44.1%-11.2%6.5%-302.8K16.2M-56.2K0.1522.11N/AN/A4526863,94029,478
2023-03-31$9.43$11.0046.2%13.2%45.4%36.4%44.3%3.9%5.0%-408.0K14.1M-62.1K0.2967.74N/AN/A48514064,32229,473