ELAN Options History — January 2024

In January 2024, ELAN traded between $14.32 and $15.66. ATM implied volatility averaged 40.3%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 2.3% (HV 20d: 38.0%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.29.

Notable Days

  • 2024-01-05: Highest Volume — 27,708 contracts
  • 2024-01-03: Largest IV spike — 10.1% change
  • 2024-01-04: Highest IV Rank — 20.3%
  • 2024-01-04: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.97$14.32$15.66$14.61$14.79
Max Pain$12.90$12.00$13.00$12.00$13.00
ATM IV40.3%37.6%43.8%38.6%41.7%
Expected Move11.5%10.8%12.2%11.1%12.0%
HV 20d38.0%33.8%44.0%39.5%34.5%
HV 60d52.7%49.8%54.4%54.3%49.8%
IV Rank14.7%10.3%20.3%12.0%17.0%
IV Percentile26.3%14.3%44.8%18.3%36.9%
Term Structure4.6%1.3%8.6%2.6%3.4%
VWIV40.4%34.7%44.8%38.7%41.2%
Skew 25d1.6%-1.6%4.3%4.3%1.0%
Skew 10d4.5%-9.3%20.9%15.1%-0.5%
Call IV 25d40.4%36.5%44.5%36.5%41.8%
Put IV 25d42.0%39.0%44.0%40.8%42.8%
Bid-Ask Spread %62.2114.4989.9382.1184.11
Gamma HHI0.180.160.210.180.18
Net GEX1.0M501.2K1.5M810.5K1.4M
Net DEX-53.0M-69.3M-38.9M-56.4M-42.1M
Net VEX-150.7K-165.6K-135.9K-135.9K-141.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.0219.770.030.13
Total Volume2,625.2388327,7083,49196
Total OI81,149.61968,23693,01277,60269,604

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$14.61$12.0038.6%11.1%39.5%12.0%38.7%4.3%2.6%810.5K-56.4M-135.9K0.0382.11N/AN/A3,4019060,37717,225
2024-01-03$14.32$12.0042.6%12.2%38.7%18.3%42.2%-0.5%2.4%845.0K-53.0M-143.2K19.7734.10N/AN/A2124,19162,11517,268
2024-01-04$14.55$13.0043.8%12.2%38.9%20.3%44.8%-0.3%2.5%639.9K-53.2M-145.0K0.0252.54N/AN/A2,2904662,27620,484
2024-01-05$15.43$13.0041.3%12.2%42.9%16.3%34.7%-0.0%4.9%612.8K-66.6M-143.8K0.0228.77N/AN/A27,03567363,96920,539
2024-01-08$15.57$13.0043.1%12.0%42.6%19.2%42.9%-1.6%4.7%810.3K-67.4M-163.2K0.0519.99N/AN/A3,37018268,66521,340
2024-01-09$15.43$13.0042.1%11.5%43.1%17.6%40.1%2.1%5.8%796.7K-64.8M-161.7K0.1770.72N/AN/A82314269,07821,500
2024-01-10$15.11$13.0039.5%11.3%43.8%13.3%40.1%0.5%4.1%767.7K-59.6M-160.8K0.3545.19N/AN/A1,61956269,73821,621
2024-01-11$15.50$13.0040.7%11.7%44.0%15.2%40.0%1.1%4.2%820.3K-66.4M-165.6K0.2373.78N/AN/A99422870,24321,672
2024-01-12$15.66$13.0039.2%11.2%35.9%12.8%40.0%1.7%4.1%833.4K-69.3M-160.1K0.5863.95N/AN/A1458470,50021,809
2024-01-16$15.18$13.0040.9%11.7%37.8%15.6%43.2%1.6%3.6%712.2K-60.8M-154.7K0.0472.53N/AN/A3,54013770,56821,845
2024-01-17$14.84$13.0040.9%11.7%38.9%15.6%43.0%2.6%5.3%650.7K-53.3M-157.7K0.8989.93N/AN/A19617471,06021,952
2024-01-18$14.86$13.0040.8%11.7%38.9%15.5%41.8%2.5%1.3%501.2K-54.3M-155.3K0.5579.26N/AN/A20111171,05721,394
2024-01-19$14.54$13.0037.6%10.8%36.5%10.3%40.1%3.8%8.6%1.2M-46.6M-148.1K0.3884.77N/AN/A1,47556071,00821,314
2024-01-22$14.59$13.0039.3%11.3%35.6%13.0%39.8%4.2%7.0%1.3M-39.0M-147.1K0.3914.49N/AN/A83933158,7919,445
2024-01-23$14.75$13.0039.0%11.2%33.8%12.5%39.0%2.8%5.0%1.4M-41.1M-151.1K0.2369.09N/AN/A2195059,3219,697
2024-01-24$14.55$13.0039.0%11.2%33.9%12.5%38.7%0.4%5.1%1.3M-38.9M-145.9K0.3489.40N/AN/A1344659,4009,746
2024-01-25$14.77$13.0039.0%11.2%34.2%12.6%38.8%2.4%4.3%1.4M-41.5M-148.5K0.9580.78N/AN/A10510059,4619,770
2024-01-26$15.13$13.0037.6%10.8%35.2%10.3%39.2%0.0%4.9%1.4M-46.6M-148.0K0.0880.12N/AN/A3572759,5189,795
2024-01-29$15.16$13.0040.7%11.7%34.9%15.2%40.7%1.6%5.0%1.5M-47.3M-143.2K0.8434.44N/AN/A453859,6609,801
2024-01-30$15.09$13.0039.3%11.3%34.9%13.0%39.5%3.8%6.8%1.5M-45.6M-144.3K1.1156.28N/AN/A12413859,6839,833
2024-01-31$14.79$13.0041.7%12.0%34.5%17.0%41.2%1.0%3.4%1.4M-42.1M-141.9K0.1384.11N/AN/A851159,7419,863