ELAN Options History — April 2024

In April 2024, ELAN traded between $12.88 and $15.98. ATM implied volatility averaged 45.9%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 17.4% (HV 20d: 28.5%). Max pain ranged from $12.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.07.

Notable Days

  • 2024-04-16: Highest Volume — 3,481 contracts
  • 2024-04-10: Largest IV spike — 27.9% change
  • 2024-04-29: Highest IV Rank — 48.6%
  • 2024-04-29: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.23$12.88$15.98$15.98$13.20
Max Pain$14.82$12.00$16.00$12.00$15.00
ATM IV45.9%31.7%61.1%31.7%60.5%
Expected Move13.7%9.1%17.5%9.1%17.3%
HV 20d28.5%24.0%36.2%24.6%36.2%
HV 60d29.5%27.5%32.4%30.2%32.4%
IV Rank24.0%1.0%48.6%1.0%47.5%
IV Percentile52.6%1.6%92.1%1.6%91.3%
Term Structure-5.0%-16.0%11.0%11.0%-15.0%
VWIV47.2%31.7%61.3%31.7%61.3%
Skew 25d2.6%-2.6%7.2%-0.0%2.4%
Skew 10d2.7%-12.5%13.8%5.9%5.8%
Call IV 25d46.8%31.2%61.4%31.2%58.8%
Put IV 25d49.4%31.2%64.6%31.2%61.1%
Bid-Ask Spread %72.7752.3483.1055.0080.45
Gamma HHI0.250.150.840.260.15
Net GEX752.4K118.9K2.6M1.4M179.5K
Net DEX-21.3M-47.0M-1.1M-47.0M-2.5M
Net VEX-87.4K-123.2K-61.9K-123.2K-65.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.017.500.050.01
Total Volume924.51133,4811,5721,203
Total OI62,490.95534,35977,78273,87936,461

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$15.98$12.0031.7%9.1%24.6%1.0%31.7%-0.0%11.0%1.4M-47.0M-123.2K0.0555.00N/AN/A1,5027059,15514,724
2024-04-02$15.63$12.0033.3%9.5%25.1%3.6%33.2%-1.9%9.2%1.2M-41.3M-120.7K0.4552.34N/AN/A1878559,09614,724
2024-04-03$15.52$12.0033.1%9.5%24.6%3.3%32.8%-2.6%9.0%1.1M-41.1M-116.4K1.1869.47N/AN/A11313360,12514,755
2024-04-04$15.41$16.0035.1%12.8%24.1%6.5%44.2%0.9%-3.9%1.1M-37.9M-114.8K0.1465.89N/AN/A2173159,16514,852
2024-04-05$15.59$16.0033.1%12.4%24.3%3.3%41.9%1.5%-2.7%1.2M-40.5M-114.7K0.7265.77N/AN/A18413359,14114,881
2024-04-08$15.50$16.0035.9%12.7%24.0%7.9%0.0%2.1%-3.6%1.1M-38.8M-109.6K7.5067.47N/AN/A2015059,24114,989
2024-04-09$15.21$16.0035.0%12.8%24.0%6.3%44.6%2.9%-3.4%881.4K-34.6M-104.5K1.3070.07N/AN/A769959,23614,892
2024-04-10$14.70$16.0044.8%12.8%25.8%22.1%45.0%1.8%-4.1%628.2K-28.4M-96.7K0.3174.05N/AN/A63319659,25514,966
2024-04-11$14.82$15.0043.4%12.4%25.5%19.9%44.5%2.2%-3.3%641.0K-29.5M-97.4K0.1773.54N/AN/A2243959,75415,094
2024-04-12$14.32$15.0047.0%13.5%27.0%25.8%44.4%4.4%-5.5%566.8K-23.9M-87.4K0.6873.79N/AN/A1,4881,01359,83815,111
2024-04-15$13.88$15.0047.0%13.5%28.6%25.7%47.6%2.3%-4.7%518.2K-19.0M-79.4K0.0871.76N/AN/A2,12516659,78516,112
2024-04-16$13.73$15.0047.7%13.7%27.7%26.9%46.8%2.6%-6.2%832.0K-18.7M-77.0K0.0376.75N/AN/A3,36911261,82515,957
2024-04-17$13.46$15.0049.4%14.2%28.1%29.7%53.7%4.8%-7.3%820.4K-17.8M-71.9K2.0178.63N/AN/A33567361,83315,594
2024-04-18$13.59$15.0048.2%13.8%26.4%27.7%48.8%4.1%-5.4%715.2K-21.1M-73.0K0.0576.83N/AN/A1,0315361,69414,226
2024-04-19$12.88$15.0051.6%14.8%29.7%33.1%51.9%5.8%-7.1%2.6M-9.5M-61.9K6.6878.23N/AN/A2591,72961,32214,234
2024-04-22$13.00$15.0051.5%14.8%30.0%33.1%52.4%2.4%-8.7%118.9K-1.1M-62.4K0.1276.46N/AN/A3223925,5648,795
2024-04-23$13.48$15.0054.1%15.5%33.8%37.3%50.9%7.2%-10.9%183.8K-3.2M-69.1K0.0479.59N/AN/A1,1734125,8058,680
2024-04-24$13.32$15.0054.0%15.5%33.7%37.1%41.3%4.0%-8.9%194.1K-2.9M-68.6K0.0180.16N/AN/A550726,8938,657
2024-04-25$13.02$15.0056.0%16.1%33.5%40.3%57.1%3.3%-10.6%163.2K-2.0M-66.2K1.0577.23N/AN/A555827,3638,661
2024-04-26$13.30$15.0056.5%16.2%34.2%41.1%56.2%4.3%-10.9%202.0K-3.3M-70.5K0.3583.10N/AN/A1455127,3888,713
2024-04-29$13.59$15.0061.1%17.5%35.8%48.6%60.6%3.2%-16.0%238.0K-4.4M-71.7K0.6874.30N/AN/A14910127,4948,751
2024-04-30$13.20$15.0060.5%17.3%36.2%47.5%61.3%2.4%-15.0%179.5K-2.5M-65.4K0.0180.45N/AN/A1,1921127,6098,852