ELAN Options History — April 2023

In April 2023, ELAN traded between $8.80 and $10.16. ATM implied volatility averaged 53.7%, placing in the 52.0% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 5.5% (HV 20d: 48.2%). Max pain ranged from $9.00 to $11.00. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.39.

Notable Days

  • 2023-04-21: Highest Volume — 4,046 contracts
  • 2023-04-10: Largest IV spike — 18.3% change
  • 2023-04-26: Highest IV Rank — 74.0%
  • 2023-04-26: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.39$8.80$10.16$9.23$9.41
Max Pain$9.32$9.00$11.00$11.00$9.00
ATM IV53.7%41.4%64.3%44.7%63.8%
Expected Move15.6%12.0%18.4%12.8%18.3%
HV 20d48.2%41.9%54.4%45.4%53.0%
HV 60d49.7%47.1%52.2%47.1%50.9%
IV Rank52.0%26.5%74.0%33.2%73.1%
IV Percentile75.5%21.0%96.8%44.0%96.4%
Term Structure-2.7%-9.7%6.5%5.3%-4.7%
VWIV53.6%40.2%64.1%40.2%61.8%
Skew 25d4.9%-12.9%10.6%-1.9%4.3%
Skew 10d13.0%-13.4%37.9%-3.8%9.9%
Call IV 25d52.2%41.4%64.8%41.4%61.5%
Put IV 25d57.1%33.1%69.3%39.5%65.8%
Bid-Ask Spread %54.2525.8378.7278.7263.74
Gamma HHI0.550.190.790.770.39
Net GEX-83.6K-593.7K406.0K-360.3K260.8K
Net DEX8.6M-6.8M18.3M16.2M-4.2M
Net VEX-57.9K-69.0K-47.1K-56.1K-65.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.390.033.720.100.03
Total Volume1,4132364,046930680
Total OI81,890.05339,672102,07194,10643,474

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$9.23$11.0044.7%12.8%45.4%33.2%40.2%-1.9%5.3%-360.3K16.2M-56.1K0.1078.72N/AN/A8438764,59029,516
2023-04-04$8.89$11.0041.8%12.0%46.4%27.3%47.7%-12.9%6.5%-224.8K17.7M-49.1K0.2064.62N/AN/A1,23624665,08729,502
2023-04-05$8.80$11.0045.9%13.2%46.2%35.8%47.1%0.7%6.2%-176.5K18.3M-47.1K0.4173.44N/AN/A51921465,67829,648
2023-04-06$9.18$9.0041.4%14.4%46.7%26.5%49.2%9.2%-1.6%-301.7K15.9M-53.6K0.2933.51N/AN/A59917666,13928,334
2023-04-10$9.14$9.0049.0%14.8%41.9%42.3%53.8%10.4%-0.9%-276.3K16.1M-50.8K3.7251.28N/AN/A5018666,35828,448
2023-04-11$9.50$9.0053.8%15.4%43.8%52.1%54.1%7.6%-4.3%-483.3K13.7M-58.6K0.2072.98N/AN/A71414566,37728,802
2023-04-12$9.27$9.0055.0%15.8%44.6%54.8%54.5%8.1%-2.2%-350.3K15.7M-54.8K0.1067.98N/AN/A2,84329567,05828,932
2023-04-13$9.66$9.0051.8%14.9%47.1%48.1%53.7%6.6%-2.1%-593.7K11.7M-63.9K0.1236.18N/AN/A1,85823169,80229,228
2023-04-14$9.23$9.0052.3%15.0%49.0%49.0%50.8%7.9%-2.4%-213.7K15.6M-55.0K0.1443.62N/AN/A1,58922070,78029,406
2023-04-17$9.55$9.0050.0%14.3%49.6%44.4%51.3%5.1%-1.5%-574.0K11.6M-61.2K0.3144.06N/AN/A71122071,51729,566
2023-04-18$9.34$9.0052.1%14.9%50.3%48.7%50.8%4.9%-1.4%108.7K16.2M-53.1K0.0465.33N/AN/A4962072,02129,638
2023-04-19$9.45$9.0057.7%16.5%49.8%60.4%54.3%10.6%-6.7%54.2K15.9M-54.6K0.2528.97N/AN/A48012272,44329,628
2023-04-20$9.71$9.0054.5%15.6%48.1%53.7%54.3%7.2%-6.4%215.7K1.1M-59.4K0.9673.93N/AN/A71268772,78815,839
2023-04-21$9.93$9.0055.6%15.9%46.6%55.9%55.7%8.3%-4.5%406.0K-601.1K-62.7K0.1159.21N/AN/A3,65239473,39216,450
2023-04-24$10.16$9.0060.3%17.3%46.9%65.7%57.1%8.6%-9.7%241.8K-6.8M-69.0K0.0863.80N/AN/A9897829,6889,984
2023-04-25$9.39$9.0062.5%17.9%54.4%70.4%60.1%1.8%-7.4%203.7K-3.3M-61.2K0.0545.40N/AN/A3,37516330,13010,017
2023-04-26$9.23$9.0064.3%18.4%53.6%74.0%64.1%4.6%-5.8%227.4K-3.2M-61.5K0.1925.83N/AN/A95218432,19910,156
2023-04-27$9.29$9.0063.6%18.2%52.9%72.7%57.9%2.2%-8.4%247.1K-3.5M-62.6K0.1038.08N/AN/A7988333,01410,282
2023-04-28$9.41$9.0063.8%18.3%53.0%73.1%61.8%4.3%-4.7%260.8K-4.2M-65.3K0.0363.74N/AN/A6592133,11210,362