ELAN Options History — May 2024

In May 2024, ELAN traded between $13.21 and $17.70. ATM implied volatility averaged 39.7%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 30.1% (HV 20d: 69.8%). 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 2 of 22 days. Put/call ratio averaged 1.06.

Notable Days

  • 2024-05-06: Highest Volume — 8,578 contracts
  • 2024-05-08: Largest IV drop — 47.1% change
  • 2024-05-07: Highest IV Rank — 66.7%
  • 2024-05-03: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.23$13.21$17.70$13.21$17.70
Max Pain$14.73$12.00$16.00$15.00$15.00
ATM IV39.7%29.2%72.3%60.9%30.8%
Expected Move10.5%8.5%17.6%17.4%8.8%
HV 20d69.8%36.4%84.1%36.4%76.4%
HV 60d46.9%29.2%52.5%29.2%52.2%
IV Rank16.8%0.0%66.7%48.2%3.3%
IV Percentile26.6%0.0%98.4%91.7%2.4%
Term Structure-3.3%-17.6%1.2%-15.0%-3.1%
VWIV36.9%29.4%61.6%61.6%31.6%
Skew 25d1.1%-1.5%4.4%1.4%0.3%
Skew 10d-1.7%-11.1%6.5%2.7%-2.8%
Call IV 25d36.9%30.3%62.2%62.2%33.6%
Put IV 25d38.0%30.4%63.7%63.7%33.9%
Bid-Ask Spread %76.0166.9684.0481.9975.05
Gamma HHI0.220.160.270.160.23
Net GEX652.0K189.9K1.1M209.7K821.4K
Net DEX-24.2M-34.4M-2.5M-3.0M-32.9M
Net VEX-105.5K-117.2K-66.4K-67.8K-114.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.025.420.130.15
Total Volume2,502.8181928,5783,592466
Total OI47,024.45535,85455,40637,64146,708

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$13.21$15.0060.9%17.4%36.4%48.2%61.6%1.4%-15.0%209.7K-3.0M-67.8K0.1381.99N/AN/A3,17042228,7848,857
2024-05-02$13.50$15.0061.3%17.6%37.9%48.9%60.1%2.5%-17.2%206.1K-3.3M-66.4K0.0978.11N/AN/A2,60522826,5829,272
2024-05-03$13.48$15.0061.4%17.6%37.3%49.1%59.7%4.4%-17.6%236.9K-3.8M-71.5K3.4584.04N/AN/A4301,48228,9669,467
2024-05-06$13.32$12.0072.3%12.9%37.4%66.7%44.6%3.0%-3.6%189.9K-2.5M-74.2K0.7371.49N/AN/A4,9453,63329,29210,945
2024-05-07$13.64$13.0072.3%12.5%38.7%66.7%43.6%3.6%-3.4%242.2K-4.4M-91.5K1.1871.72N/AN/A1,4571,72133,72414,549
2024-05-08$16.80$13.0038.3%10.1%84.0%11.7%36.6%2.6%0.4%710.6K-32.8M-115.9K0.4666.96N/AN/A5,8332,70734,96816,139
2024-05-09$17.09$15.0032.0%9.1%84.1%2.1%33.1%-0.4%-0.7%684.9K-33.7M-115.2K0.4769.54N/AN/A99046535,20618,368
2024-05-10$16.98$15.0029.2%8.7%82.9%0.0%30.5%1.4%1.2%683.3K-32.4M-113.9K0.1879.06N/AN/A79814534,95118,448
2024-05-13$17.01$15.0033.3%9.0%81.6%8.4%31.5%1.5%-0.5%727.2K-32.7M-113.1K0.0972.35N/AN/A8627535,37418,455
2024-05-14$17.05$15.0038.3%9.0%81.3%18.7%31.3%1.4%-0.3%749.0K-32.8M-113.1K0.1777.23N/AN/A1,11919235,52018,513
2024-05-15$17.11$15.0029.6%8.5%80.5%0.9%31.7%-0.1%-0.1%784.7K-34.0M-114.6K0.2578.23N/AN/A72818236,14318,609
2024-05-16$17.02$15.0029.8%8.5%80.7%1.2%29.4%-1.5%-0.4%782.1K-33.3M-116.4K2.9481.01N/AN/A10932036,65918,747
2024-05-17$17.09$15.0031.2%8.9%77.1%4.1%30.3%0.4%-2.3%1.1M-34.4M-116.2K0.0281.42N/AN/A1,5462436,64118,451
2024-05-20$17.06$15.0030.8%8.8%77.3%3.3%31.0%1.3%-0.8%819.5K-27.4M-116.1K0.1372.63N/AN/A1702232,86210,178
2024-05-21$16.73$15.0030.9%8.8%77.7%3.4%31.0%0.6%-2.5%774.2K-24.9M-114.1K0.9373.19N/AN/A1049732,84410,186
2024-05-22$17.01$15.0030.1%8.6%77.2%1.9%30.5%0.5%-0.6%815.9K-26.9M-112.8K0.0376.90N/AN/A1,5744332,84310,201
2024-05-23$16.44$15.0031.7%9.1%78.0%5.1%31.5%1.9%-0.1%731.6K-22.3M-110.1K0.1482.99N/AN/A1,36018433,01410,210
2024-05-24$16.77$15.0029.8%8.6%78.0%1.3%30.0%1.5%-0.4%818.6K-25.5M-114.7K2.3173.69N/AN/A7517333,78010,348
2024-05-28$17.09$15.0033.4%9.6%77.9%8.7%35.7%0.5%-1.1%865.1K-28.0M-116.2K3.8979.62N/AN/A1,3545,26633,81510,509
2024-05-29$17.45$16.0032.6%9.3%76.5%6.9%32.8%-1.1%-1.3%628.3K-30.1M-115.2K5.4274.09N/AN/A1,1396,16933,18415,652
2024-05-30$17.55$15.0033.9%9.7%76.4%9.6%34.4%-1.2%-3.0%775.3K-31.2M-117.2K0.1770.97N/AN/A57810033,49413,080
2024-05-31$17.70$15.0030.8%8.8%76.4%3.3%31.6%0.3%-3.1%821.4K-32.9M-114.8K0.1575.05N/AN/A4046233,56113,147