ELAN Options History — January 2025

In January 2025, ELAN traded between $11.48 and $12.36. ATM implied volatility averaged 42.5%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 17.8% (HV 20d: 24.7%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.48.

Notable Days

  • 2025-01-15: Highest Volume — 3,807 contracts
  • 2025-01-14: Largest IV spike — 32.3% change
  • 2025-01-14: Highest IV Rank — 27.1%
  • 2025-01-10: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.95$11.48$12.36$12.02$12.00
Max Pain$12.10$12.00$13.00$13.00$12.00
ATM IV42.5%37.8%50.0%43.6%42.4%
Expected Move12.3%10.9%13.3%12.5%12.2%
HV 20d24.7%16.8%36.3%36.3%18.2%
HV 60d39.7%38.7%41.3%41.3%39.1%
IV Rank18.5%12.9%27.1%19.7%18.3%
IV Percentile52.0%25.8%80.2%58.3%52.8%
Term Structure2.7%-16.9%32.4%0.2%3.7%
VWIV42.4%34.2%46.0%44.1%34.2%
Skew 25d-0.1%-13.5%9.3%1.5%-13.5%
Skew 10d3.4%-16.7%22.6%21.3%-2.7%
Call IV 25d41.5%35.0%46.4%44.1%43.5%
Put IV 25d41.5%28.2%48.3%45.6%29.9%
Bid-Ask Spread %77.7065.5689.8583.8083.72
Gamma HHI0.440.220.950.420.29
Net GEX-356.7K-4.0M58.3K-119.3K-36.6K
Net DEX1.9M-2.2M6.9M3.3M-749.6K
Net VEX-45.1K-50.9K-38.2K-45.0K-48.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.118.270.380.35
Total Volume877.81083,807502305
Total OI34,277.5519,39749,25041,66622,312

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$12.02$13.0043.6%12.5%36.3%19.7%44.1%1.5%0.2%-119.3K3.3M-45.0K0.3883.80N/AN/A36513725,63316,033
2025-01-03$11.91$13.0041.3%11.8%36.0%17.0%41.4%2.9%2.1%-154.7K4.1M-43.1K1.2878.17N/AN/A73594025,93115,980
2025-01-06$11.84$12.0043.3%12.7%35.8%19.4%43.7%2.7%0.9%-183.8K4.6M-41.5K0.1971.46N/AN/A87516926,34016,907
2025-01-07$11.68$12.0045.6%12.8%34.2%22.1%45.0%-4.1%0.2%-193.1K5.3M-41.0K0.1187.18N/AN/A6457426,89916,938
2025-01-08$11.54$12.0042.6%12.9%30.2%18.6%45.7%3.5%-0.0%-209.6K6.2M-39.7K0.4673.48N/AN/A85438927,36716,984
2025-01-10$11.48$12.0048.2%13.3%27.1%25.1%45.3%1.9%0.2%-218.3K6.9M-38.5K0.3274.38N/AN/A1454627,95317,358
2025-01-13$11.59$12.0037.8%13.2%27.4%12.9%46.0%2.4%-0.6%-263.3K6.3M-38.2K7.8976.24N/AN/A7156027,99417,363
2025-01-14$11.73$12.0050.0%13.0%27.9%27.1%45.1%6.8%1.1%-409.0K5.5M-38.4K0.1765.56N/AN/A1,48325628,10417,524
2025-01-15$11.89$12.0043.6%12.5%25.6%19.7%43.9%3.5%0.3%-491.1K4.7M-39.3K1.2768.34N/AN/A1,6782,12928,34017,626
2025-01-16$12.00$12.0041.5%11.9%25.8%17.3%41.5%9.3%32.4%-968.4K4.0M-46.5K0.3168.95N/AN/A95429529,67318,604
2025-01-17$12.04$12.0040.3%11.5%25.4%15.8%40.2%-0.3%4.5%-4.0M1.3M-48.4K1.5771.32N/AN/A20832630,48718,763
2025-01-21$12.07$12.0040.8%11.7%18.0%16.5%40.3%8.2%3.0%51.4K-1.9M-47.2K0.1573.18N/AN/A3285012,1617,236
2025-01-22$12.16$12.0039.3%11.3%18.0%14.6%39.8%-1.3%6.4%58.3K-2.2M-47.9K3.9177.32N/AN/A19676612,3567,265
2025-01-23$12.04$12.0040.5%11.6%18.3%16.1%40.5%-12.1%3.3%26.9K-1.4M-48.2K0.3889.24N/AN/A783012,5187,988
2025-01-24$12.13$12.0038.0%10.9%18.2%13.2%38.1%-13.2%6.7%29.6K-1.8M-48.6K8.2783.43N/AN/A1611,33212,5778,009
2025-01-27$12.04$12.0042.8%12.3%18.4%18.7%43.8%3.0%2.5%-28.1K-742.3K-49.5K1.6780.13N/AN/A9515912,6589,298
2025-01-28$12.20$12.0040.7%11.7%17.7%16.4%41.4%-11.6%-16.9%-24.4K-1.4M-49.4K0.1189.85N/AN/A2012312,7369,281
2025-01-29$12.36$12.0044.3%12.7%18.2%20.5%43.6%8.0%3.0%-6.6K-2.0M-50.8K0.3883.02N/AN/A1154412,8499,274
2025-01-30$12.36$12.0043.9%12.6%16.8%20.0%43.8%0.8%1.7%-9.0K-2.1M-50.9K0.3775.24N/AN/A2479212,8839,349
2025-01-31$12.00$12.0042.4%12.2%18.2%18.3%34.2%-13.5%3.7%-36.6K-749.6K-48.9K0.3583.72N/AN/A2267912,9849,328