ELAN Options History — October 2023

In October 2023, ELAN traded between $8.57 and $10.91. ATM implied volatility averaged 51.6%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded above realized volatility by 13.8% (HV 20d: 37.8%). Max pain ranged from $10.00 to $11.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 2.99.

Notable Days

  • 2023-10-06: Highest Volume — 15,840 contracts
  • 2023-10-11: Largest IV spike — 15.8% change
  • 2023-10-30: Highest IV Rank — 50.9%
  • 2023-10-30: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.47$8.57$10.91$10.91$8.82
Max Pain$10.41$10.00$11.00$10.00$10.00
ATM IV51.6%38.5%62.6%38.5%59.6%
Expected Move15.1%11.0%18.0%11.0%17.1%
HV 20d37.8%27.6%44.4%27.6%42.7%
HV 60d35.8%32.3%40.0%38.7%34.5%
IV Rank33.0%11.6%50.9%11.6%45.9%
IV Percentile63.0%13.9%92.5%13.9%88.1%
Term Structure-3.4%-9.5%8.8%8.8%-5.9%
VWIV51.9%38.5%62.4%38.5%59.9%
Skew 25d2.7%-11.6%8.2%-11.6%4.3%
Skew 10d5.6%-23.5%26.6%-7.8%4.6%
Call IV 25d52.1%41.3%65.1%41.3%61.7%
Put IV 25d54.9%29.6%67.7%29.6%66.0%
Bid-Ask Spread %36.368.6980.6777.908.69
Gamma HHI0.320.220.470.380.28
Net GEX3.0K-271.6K198.4K194.2K182.6K
Net DEX1.3M-4.5M6.5M-4.5M-963.6K
Net VEX-47.7K-58.0K-38.8K-43.1K-43.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.990.0245.080.040.04
Total Volume1,939.5456515,8402611,210
Total OI45,035.18233,10057,31735,87538,266

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$10.91$10.0038.5%11.0%27.6%11.6%38.5%-11.6%8.8%194.2K-4.5M-43.1K0.0477.90N/AN/A2511022,44613,429
2023-10-03$10.45$10.0044.2%12.7%30.2%21.0%44.5%-5.4%4.0%110.5K-2.9M-41.9K45.0834.60N/AN/A833,74222,40912,910
2023-10-04$10.23$11.0042.7%12.2%30.5%18.5%42.8%-5.4%6.4%-38.9K624.1K-41.8K0.6066.08N/AN/A1599522,41316,039
2023-10-05$9.82$11.0045.8%13.4%32.0%23.6%48.6%4.0%-4.6%-52.7K2.6M-38.8K8.2114.54N/AN/A4123,38122,43315,663
2023-10-06$9.59$11.0042.5%14.3%32.4%18.2%49.7%8.2%-2.5%-163.5K5.0M-39.5K0.6421.00N/AN/A9,6556,18522,53918,374
2023-10-09$9.46$11.0047.5%15.2%30.7%26.3%54.6%5.5%-5.0%-158.3K4.9M-53.9K0.8027.99N/AN/A493931,94820,631
2023-10-10$9.96$11.0043.5%14.2%36.8%19.8%49.0%3.9%-4.4%-198.5K1.0M-57.1K0.6342.44N/AN/A64841031,95720,619
2023-10-11$9.89$11.0050.4%14.4%35.4%31.0%51.6%3.8%-3.8%-191.3K1.2M-58.0K4.9121.62N/AN/A115432,46520,993
2023-10-12$9.48$11.0053.6%15.4%36.1%36.2%50.1%4.2%-5.4%-180.9K5.3M-51.7K0.0750.52N/AN/A1,2838632,47121,000
2023-10-13$9.25$11.0052.0%14.9%34.8%33.6%53.9%5.1%-2.4%-125.6K6.5M-50.3K0.0825.12N/AN/A1,0488133,53321,006
2023-10-16$9.54$11.0050.0%14.3%38.1%30.3%49.9%5.3%-4.2%-177.2K4.4M-52.9K0.0211.13N/AN/A3,8166934,53921,050
2023-10-17$9.84$10.0050.7%14.5%40.5%31.6%53.3%4.0%-5.1%-271.6K835.4K-57.2K0.6553.33N/AN/A573736,18221,096
2023-10-18$9.54$10.0050.2%14.4%41.2%30.7%47.5%5.4%-4.4%-43.7K4.2M-52.1K0.2144.90N/AN/A1362836,19521,122
2023-10-19$9.14$10.0054.6%15.7%42.3%37.9%54.0%3.2%-3.5%-49.1K5.1M-46.5K0.0273.77N/AN/A1,3592836,24518,948
2023-10-20$9.18$10.0055.2%15.8%42.6%38.8%55.2%2.8%-5.2%177.1K3.3M-48.1K1.0128.26N/AN/A51051337,62418,911
2023-10-23$9.09$10.0055.2%15.8%42.4%38.8%52.7%5.3%-3.3%169.4K-1.7M-45.4K0.0233.80N/AN/A2,3055525,8407,260
2023-10-24$9.09$10.0056.3%16.1%42.2%40.6%55.4%6.0%-5.2%198.4K-2.1M-48.6K0.0326.30N/AN/A89328,0927,313
2023-10-25$8.84$10.0057.0%16.3%42.6%41.7%55.8%5.5%-5.1%168.6K-1.2M-44.6K2.5480.67N/AN/A4110428,1637,327
2023-10-26$8.57$10.0061.1%17.5%42.5%48.4%62.2%0.8%-9.5%142.4K-497.3K-41.5K0.0818.65N/AN/A2,41819728,1867,401
2023-10-27$8.79$10.0062.5%17.9%44.4%50.7%62.4%3.1%-7.1%188.1K-1.6M-47.0K0.0711.98N/AN/A1,52611230,2047,577
2023-10-30$8.79$10.0062.6%18.0%44.2%50.9%50.0%2.7%-7.4%186.0K-1.4M-45.8K0.1526.60N/AN/A3274830,3597,596
2023-10-31$8.82$10.0059.6%17.1%42.7%45.9%59.9%4.3%-5.9%182.6K-963.6K-43.8K0.048.69N/AN/A1,1644630,6637,603