ELAN Options History — July 2024

In July 2024, ELAN traded between $12.66 and $14.23. ATM implied volatility averaged 45.3%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 33.5% (HV 20d: 78.8%). Max pain ranged from $13.00 to $16.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2024-07-11: Highest Volume — 4,353 contracts
  • 2024-07-10: Largest IV spike — 26.4% change
  • 2024-07-30: Highest IV Rank — 63.4%
  • 2024-07-30: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.35$12.66$14.23$14.09$13.09
Max Pain$14.36$13.00$16.00$16.00$13.00
ATM IV45.3%31.9%59.3%32.8%58.2%
Expected Move13.3%9.1%17.0%9.4%16.7%
HV 20d78.8%26.1%91.1%91.1%26.8%
HV 60d72.0%71.1%72.9%72.9%71.1%
IV Rank36.2%10.1%63.4%11.9%61.2%
IV Percentile61.9%10.7%92.1%13.1%91.7%
Term Structure-4.1%-18.6%8.4%8.4%-12.6%
VWIV48.9%32.6%63.1%35.0%61.9%
Skew 25d2.5%-4.0%8.0%0.6%1.1%
Skew 10d1.5%-12.2%23.2%6.2%-11.7%
Call IV 25d48.4%33.0%62.4%35.3%61.5%
Put IV 25d51.0%35.8%64.9%35.9%62.6%
Bid-Ask Spread %67.5556.7373.7973.3870.48
Gamma HHI0.170.130.200.190.14
Net GEX248.1K63.3K484.1K414.6K195.5K
Net DEX979.6K-2.8M7.8M100.8K-2.8M
Net VEX-82.3K-95.3K-71.0K-93.5K-78.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.027.490.070.54
Total Volume1,094.409624,3531,660592
Total OI66,029.548,59679,06671,89349,974

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-07-01$14.09$16.0032.8%9.4%91.1%11.9%35.0%0.6%8.4%414.6K100.8K-93.5K0.0773.38N/AN/A1,55410655,62016,273
2024-07-02$14.02$16.0031.9%9.1%90.9%10.1%32.6%1.1%8.0%423.6K295.7K-89.8K0.1966.36N/AN/A97718656,32216,143
2024-07-03$14.16$16.0033.1%9.5%90.6%12.4%35.3%4.9%8.3%465.0K-1.1M-95.3K0.3165.19N/AN/A1524757,11615,851
2024-07-05$14.23$15.0032.8%11.8%90.1%11.9%43.8%4.2%1.9%484.1K-1.2M-90.4K0.3662.63N/AN/A83429857,14215,848
2024-07-08$13.96$15.0034.7%12.6%90.0%15.6%44.4%1.8%-3.9%434.0K244.3K-89.7K0.4556.73N/AN/A1,39763157,70416,143
2024-07-09$13.52$15.0035.4%12.0%90.3%16.8%42.3%2.0%-1.3%259.1K4.0M-78.9K0.2863.71N/AN/A55315457,73616,726
2024-07-10$13.34$14.0044.7%12.8%89.9%35.0%45.3%3.8%-3.0%198.6K4.7M-82.4K0.2868.77N/AN/A91225758,08317,568
2024-07-11$13.66$14.0044.3%12.7%90.5%34.2%45.6%2.0%-1.0%316.6K2.3M-86.3K7.4966.55N/AN/A5133,84058,84317,511
2024-07-12$13.77$14.0041.2%11.8%90.6%28.3%41.0%3.5%2.4%354.2K1.7M-89.6K0.5463.68N/AN/A23612858,81417,589
2024-07-15$13.38$14.0045.2%13.0%90.5%36.0%57.6%3.9%-1.5%214.2K2.7M-89.1K0.0264.10N/AN/A2,2725658,84817,426
2024-07-16$13.25$14.0045.1%12.9%90.4%35.7%45.0%3.2%-3.4%137.4K4.6M-78.5K0.1173.79N/AN/A2923160,22217,480
2024-07-17$13.04$14.0046.8%13.4%89.9%39.1%46.7%-1.8%-5.5%67.2K5.1M-77.3K1.1173.14N/AN/A71679260,37117,432
2024-07-18$12.89$14.0044.5%12.8%89.8%34.7%50.2%-4.0%-18.6%63.3K5.3M-81.2K0.4068.46N/AN/A2479960,88918,003
2024-07-19$12.66$14.0048.6%13.9%89.4%42.7%54.7%8.0%-4.5%186.9K7.8M-71.0K3.6570.55N/AN/A8543,11961,04318,023
2024-07-22$12.79$14.0049.8%14.3%89.9%45.0%51.2%2.9%-7.3%141.1K-452.9K-72.2K0.2471.94N/AN/A3458436,97611,620
2024-07-23$13.20$14.0049.8%14.3%91.1%45.0%50.4%2.8%-7.4%204.8K-2.4M-79.7K0.2272.42N/AN/A54011837,24911,689
2024-07-24$13.00$14.0051.8%14.9%91.1%48.8%54.8%3.4%-6.7%193.9K-2.3M-81.7K0.0464.31N/AN/A5782637,52111,804
2024-07-25$12.86$14.0055.1%15.8%90.7%55.3%58.4%5.2%-10.8%171.8K-1.4M-77.0K0.3573.26N/AN/A461637,94711,862
2024-07-26$12.95$14.0054.3%15.6%28.5%53.7%59.7%0.0%-7.9%180.0K-2.0M-77.7K0.4667.99N/AN/A562637,96511,716
2024-07-29$12.89$14.0057.6%16.5%26.6%60.2%57.9%6.1%-11.9%174.6K-1.8M-75.4K0.1666.38N/AN/A1402338,00911,734
2024-07-30$12.91$14.0059.3%17.0%26.1%63.4%63.1%0.9%-13.0%177.4K-1.8M-75.3K0.0362.39N/AN/A228638,05411,760
2024-07-31$13.09$13.0058.2%16.7%26.8%61.2%61.9%1.1%-12.6%195.5K-2.8M-78.6K0.5470.48N/AN/A38420838,20911,765