ELAN Options History — August 2023

In August 2023, ELAN traded between $11.43 and $12.66. ATM implied volatility averaged 42.1%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 4.1% (HV 20d: 38.0%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 0.60.

Notable Days

  • 2023-08-08: Highest Volume — 5,241 contracts
  • 2023-08-07: Largest IV drop — 34.0% change
  • 2023-08-04: Highest IV Rank — 64.9%
  • 2023-08-01: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.98$11.43$12.66$11.98$12.23
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV42.1%31.3%73.1%61.7%31.6%
Expected Move11.4%9.0%17.7%17.7%9.1%
HV 20d38.0%26.4%52.6%51.1%31.8%
HV 60d43.9%40.9%45.8%45.8%41.4%
IV Rank12.1%0.0%64.9%44.8%0.5%
IV Percentile20.1%0.0%97.6%87.3%0.4%
Term Structure-0.2%-14.6%5.0%-14.6%3.6%
VWIV40.0%31.4%62.3%62.3%31.4%
Skew 25d1.1%-4.2%6.2%1.7%-4.2%
Skew 10d0.8%-14.0%14.2%14.2%-8.0%
Call IV 25d40.1%28.3%65.5%62.0%31.4%
Put IV 25d41.2%27.2%65.8%63.6%27.2%
Bid-Ask Spread %37.357.6071.4217.017.60
Gamma HHI0.340.190.580.230.35
Net GEX405.9K156.3K778.7K376.4K310.8K
Net DEX-17.6M-28.3M-10.9M-19.0M-15.0M
Net VEX-57.5K-72.0K-48.3K-69.8K-53.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.013.940.350.45
Total Volume1,324.391545,241226149
Total OI44,095.52236,18850,59745,29439,718

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$11.98$10.0061.7%17.7%51.1%44.8%62.3%1.7%-14.6%376.4K-19.0M-69.8K0.3517.01N/AN/A1685829,68815,606
2023-08-02$11.79$10.0061.2%17.5%51.5%43.8%61.5%0.3%-12.9%388.6K-17.5M-70.3K0.0937.25N/AN/A2061929,81315,658
2023-08-03$11.66$10.0070.6%14.5%51.3%60.6%50.4%1.8%-5.2%373.4K-16.8M-69.1K0.0369.04N/AN/A3,56911329,77415,666
2023-08-04$11.66$10.0073.1%14.9%51.0%64.9%54.8%2.3%-5.6%436.1K-17.5M-72.0K0.3471.42N/AN/A2,79795731,89215,744
2023-08-07$12.18$10.0048.2%11.2%52.6%20.9%39.5%-0.3%1.4%670.5K-24.9M-63.8K0.0764.12N/AN/A3,60224234,01516,516
2023-08-08$12.50$10.0044.6%11.6%52.0%14.4%40.1%2.7%1.1%666.2K-28.3M-59.2K0.0324.71N/AN/A5,09614534,12616,471
2023-08-09$12.36$10.0038.6%11.1%51.7%3.9%39.2%1.5%1.8%595.2K-25.9M-58.7K3.9469.35N/AN/A15561032,39916,471
2023-08-10$12.29$10.0039.1%11.2%51.6%4.7%39.2%-0.1%0.4%628.7K-25.5M-57.1K0.1160.15N/AN/A2502732,39017,026
2023-08-11$12.14$10.0036.4%10.4%34.3%0.0%36.7%0.2%2.3%687.4K-23.4M-58.1K0.1430.11N/AN/A5768032,21717,034
2023-08-14$12.02$10.0038.6%11.1%33.6%3.9%36.7%3.5%0.8%739.7K-22.3M-55.4K0.0615.74N/AN/A2091231,82916,990
2023-08-15$11.79$10.0037.6%10.8%34.4%2.1%37.7%1.7%1.9%778.7K-19.1M-55.2K1.5513.91N/AN/A11117231,82217,005
2023-08-16$11.59$10.0037.3%10.7%34.0%1.5%38.0%-3.2%0.9%408.9K-15.8M-54.0K1.3913.83N/AN/A7510431,79617,130
2023-08-17$11.43$10.0037.5%10.8%33.0%2.0%37.2%0.9%3.2%256.7K-14.7M-53.5K0.0149.36N/AN/A4,1854831,80017,132
2023-08-18$11.57$10.0037.2%10.7%29.3%1.5%38.8%3.5%2.0%156.3K-15.0M-55.3K0.0643.46N/AN/A1,3617931,99217,160
2023-08-21$11.75$10.0037.6%10.8%29.9%2.2%38.4%4.8%1.0%193.6K-11.1M-53.9K0.1162.62N/AN/A1671920,78615,402
2023-08-22$11.66$10.0035.8%10.2%29.1%0.0%35.8%-2.5%2.3%200.9K-10.9M-52.7K0.3815.34N/AN/A27110220,82315,421
2023-08-23$11.89$10.0035.4%10.2%26.4%0.0%35.4%4.3%2.1%203.8K-11.7M-53.3K0.7661.63N/AN/A624720,94415,470
2023-08-24$11.71$10.0035.4%10.2%26.8%0.0%36.4%1.5%1.5%201.5K-10.9M-53.4K2.8661.48N/AN/A144020,97315,510
2023-08-25$11.91$10.0032.6%9.4%27.4%0.0%33.1%2.6%5.0%199.5K-12.0M-51.7K0.5027.92N/AN/A1105520,97615,531
2023-08-28$12.20$10.0031.3%9.0%28.7%0.0%31.7%-3.7%3.3%217.9K-13.8M-48.3K0.0610.56N/AN/A3,36120321,07215,560
2023-08-29$12.66$10.0033.0%9.4%31.3%2.7%33.9%6.2%0.1%321.7K-17.4M-51.2K0.218.16N/AN/A4389023,63515,680
2023-08-30$12.46$10.0034.0%9.8%31.3%4.5%32.9%0.6%-0.4%322.2K-16.4M-53.3K0.3724.39N/AN/A2248323,76715,767
2023-08-31$12.23$10.0031.6%9.1%31.8%0.5%31.4%-4.2%3.6%310.8K-15.0M-53.5K0.457.60N/AN/A1034623,87715,841