ELAN Options History — June 2024

In June 2024, ELAN traded between $14.04 and $18.51. ATM implied volatility averaged 32.3%, placing in the 10.0% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 6.9% (HV 20d: 39.2%). Max pain ranged from $15.00 to $17.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.82.

Notable Days

  • 2024-06-27: Highest Volume — 32,785 contracts
  • 2024-06-26: Largest IV spike — 28.7% change
  • 2024-06-27: Highest IV Rank — 36.4%
  • 2024-06-27: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.71$14.04$18.51$17.77$14.38
Max Pain$15.53$15.00$17.00$15.00$16.00
ATM IV32.3%26.7%45.4%31.9%37.5%
Expected Move9.2%7.9%13.0%9.1%10.7%
HV 20d39.2%21.0%91.3%76.3%91.3%
HV 60d54.1%51.7%72.8%52.1%72.8%
IV Rank10.0%0.0%36.4%5.6%21.0%
IV Percentile14.1%0.0%71.0%6.0%32.5%
Term Structure5.8%-2.4%23.9%-2.4%8.7%
VWIV32.9%27.6%45.8%33.4%36.9%
Skew 25d-0.6%-4.1%2.4%-4.1%-0.2%
Skew 10d-2.9%-27.2%5.3%-14.2%-0.2%
Call IV 25d34.6%28.2%48.8%35.3%39.0%
Put IV 25d34.0%28.8%46.7%31.2%38.8%
Bid-Ask Spread %71.3958.5779.0775.4774.30
Gamma HHI0.290.150.620.230.18
Net GEX959.4K246.6K2.2M876.2K465.7K
Net DEX-32.4M-41.0M2.7M-33.6M-3.7M
Net VEX-109.7K-122.7K-78.0K-112.4K-109.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.820.0129.330.320.08
Total Volume3,481.7897432,7857853,186
Total OI50,595.05346,81270,87946,83870,879

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-06-03$17.77$15.0031.9%9.1%76.3%5.6%33.4%-4.1%-2.4%876.2K-33.6M-112.4K0.3275.47N/AN/A59519033,64413,194
2024-06-04$18.12$15.0028.7%8.2%75.7%0.0%28.9%-1.9%-1.1%933.1K-36.4M-114.5K0.4875.81N/AN/A1,12654133,87213,296
2024-06-05$18.45$15.0029.5%8.5%75.6%1.7%30.8%-3.1%-0.9%943.0K-40.8M-115.7K0.0258.57N/AN/A3,0525035,04013,737
2024-06-06$18.39$15.0029.8%8.1%22.6%2.3%28.0%1.9%3.9%935.4K-39.7M-113.6K0.9171.10N/AN/A15814434,81213,757
2024-06-07$18.16$15.0026.7%7.9%22.8%0.0%28.8%0.2%4.8%955.0K-37.6M-110.4K0.4973.04N/AN/A1426934,48613,977
2024-06-10$18.29$15.0028.3%8.1%22.6%3.2%28.5%0.4%6.3%977.1K-38.3M-109.4K0.4878.35N/AN/A502434,46314,035
2024-06-11$18.51$15.0027.8%8.1%22.8%2.3%27.6%2.4%6.8%947.9K-41.0M-106.1K0.4869.70N/AN/A602934,48414,037
2024-06-12$17.93$15.0027.8%8.0%26.1%2.1%28.5%-0.5%6.9%1.0M-34.8M-107.0K0.0162.29N/AN/A337234,20914,030
2024-06-13$18.05$15.0029.6%8.5%26.2%5.6%32.6%0.9%6.6%958.3K-35.2M-111.9K0.1961.12N/AN/A62011834,02414,032
2024-06-14$17.98$15.0030.7%8.8%26.1%7.8%32.4%-1.1%5.5%1.0M-35.5M-108.7K29.3368.63N/AN/A631,84834,46614,074
2024-06-17$18.16$16.0031.1%8.9%26.2%8.5%30.3%1.6%5.5%880.8K-35.8M-107.6K0.2670.83N/AN/A651733,88915,718
2024-06-18$18.11$16.0031.3%9.0%26.3%9.0%32.0%0.3%5.9%951.0K-35.3M-110.2K0.0173.25N/AN/A596534,39015,720
2024-06-20$18.20$16.0031.3%9.0%24.9%8.9%31.2%1.5%23.9%976.5K-37.1M-107.9K0.0578.72N/AN/A137734,69115,719
2024-06-21$17.98$16.0034.5%9.9%25.1%15.2%35.5%-3.4%5.3%2.2M-33.6M-108.5K0.1577.91N/AN/A5,66985734,68315,722
2024-06-24$18.16$16.0035.6%10.2%21.0%17.3%35.4%-1.3%5.2%937.6K-34.3M-111.2K0.1371.49N/AN/A2152733,85912,953
2024-06-25$17.82$16.0033.2%9.5%21.9%12.6%33.6%0.3%7.9%1.1M-31.6M-117.9K0.8872.11N/AN/A12911436,11313,905
2024-06-26$17.98$16.0042.7%12.2%21.2%31.1%44.6%-3.5%3.3%909.3K-33.7M-122.7K0.1279.07N/AN/A11,7171,41036,14513,940
2024-06-27$14.04$17.0045.4%13.0%90.6%36.4%45.8%-1.4%8.5%246.6K2.7M-78.0K0.2264.65N/AN/A26,8325,95345,86615,445
2024-06-28$14.38$16.0037.5%10.7%91.3%21.0%36.9%-0.2%8.7%465.7K-3.7M-109.9K0.0874.30N/AN/A2,94723954,61216,267