ELAN Options History — February 2025

In February 2025, ELAN traded between $10.61 and $12.00. ATM implied volatility averaged 49.6%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded above realized volatility by 20.1% (HV 20d: 29.4%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 3.40.

Notable Days

  • 2025-02-14: Highest Volume — 6,612 contracts
  • 2025-02-25: Largest IV drop — 31.8% change
  • 2025-02-24: Highest IV Rank — 47.0%
  • 2025-02-24: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.35$10.61$12.00$11.75$11.23
Max Pain$11.68$11.00$12.00$12.00$11.00
ATM IV49.6%31.7%67.0%44.2%46.2%
Expected Move14.8%11.2%19.2%12.7%13.2%
HV 20d29.4%19.6%41.8%19.6%41.8%
HV 60d33.6%31.1%40.2%39.3%35.8%
IV Rank26.7%5.8%47.0%20.4%22.7%
IV Percentile68.7%9.5%96.4%59.1%65.9%
Term Structure-3.4%-13.6%10.9%3.0%-3.8%
VWIV51.4%33.8%70.8%43.9%45.1%
Skew 25d4.6%-8.8%17.6%17.6%7.2%
Skew 10d9.9%-28.7%34.0%5.6%15.5%
Call IV 25d48.6%26.7%63.2%30.9%39.5%
Put IV 25d53.1%38.9%72.2%48.5%46.7%
Bid-Ask Spread %77.0867.4884.9881.4979.45
Gamma HHI0.290.200.360.300.20
Net GEX-72.0K-133.2K-8.6K-45.4K-39.5K
Net DEX1.3M-1.0M3.5M96.4K1.3M
Net VEX-47.4K-51.6K-43.9K-46.9K-51.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.400.0129.971.900.02
Total Volume1,218616,61261265
Total OI26,544.42122,48533,16022,51530,367

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$11.75$12.0044.2%12.7%19.6%20.4%43.9%17.6%3.0%-45.4K96.4K-46.9K1.9081.49N/AN/A214013,1549,361
2025-02-04$11.52$12.0039.0%11.2%20.5%14.4%39.2%5.6%7.4%-72.8K1.1M-44.1K0.1583.41N/AN/A4967213,1549,331
2025-02-05$12.00$12.0039.8%11.4%25.4%15.3%33.8%16.1%5.4%-52.1K-957.7K-48.0K0.0183.12N/AN/A287313,5079,363
2025-02-06$11.98$12.0045.0%14.2%24.8%21.3%47.3%2.9%-2.9%-35.7K-1.0M-48.6K0.5874.76N/AN/A59034213,6969,367
2025-02-07$11.50$12.0031.7%14.2%28.7%5.8%48.3%-8.8%10.9%-59.9K469.6K-46.4K0.4778.90N/AN/A532514,2219,252
2025-02-10$11.48$12.0040.9%14.6%28.6%16.5%49.5%4.7%-4.9%-80.7K835.0K-44.5K0.2077.36N/AN/A1993914,1959,264
2025-02-11$11.48$12.0042.9%14.7%28.4%18.9%50.2%5.7%-4.8%-82.2K904.1K-43.9K0.3481.33N/AN/A1444914,1649,280
2025-02-12$11.48$12.0052.1%14.9%28.0%29.6%53.2%1.2%-4.7%-89.9K973.4K-44.1K0.4273.53N/AN/A70229814,2559,321
2025-02-13$11.59$12.0052.4%15.0%27.8%30.0%51.8%7.8%-3.3%-67.6K130.0K-46.8K0.7080.77N/AN/A1,35694914,8799,618
2025-02-14$11.25$12.0053.8%15.4%29.2%31.6%54.9%-0.8%-4.8%-46.2K1.7M-46.8K10.2477.99N/AN/A5886,02415,49510,551
2025-02-18$11.27$12.0060.1%17.2%29.2%38.9%63.0%4.0%-8.2%-128.6K2.4M-49.3K2.9471.72N/AN/A11232915,92615,334
2025-02-19$11.23$12.0059.4%17.0%29.1%38.0%61.5%0.7%-8.4%-108.1K2.7M-48.0K29.9771.25N/AN/A641,91815,94315,399
2025-02-20$11.16$12.0061.9%17.8%28.8%41.1%61.3%-0.1%-8.5%-113.1K3.5M-50.6K0.5173.52N/AN/A25613015,97217,188
2025-02-21$10.98$11.0059.8%17.1%29.1%38.5%60.1%3.5%-9.5%-133.2K2.3M-49.9K0.9467.48N/AN/A19718616,12915,567
2025-02-24$11.11$11.0067.0%19.2%29.4%47.0%70.8%9.1%-13.6%-8.6K859.9K-49.7K4.3073.05N/AN/A5942,55514,31911,321
2025-02-25$10.61$11.0045.7%13.1%32.9%22.1%45.9%4.9%-2.8%-91.5K3.3M-44.7K0.4284.98N/AN/A62125914,65813,240
2025-02-26$11.20$11.0049.0%14.0%38.8%26.0%47.3%3.1%-5.8%-50.3K1.2M-48.5K0.6875.07N/AN/A1,5601,06014,59913,193
2025-02-27$10.86$11.0051.2%14.7%39.3%28.6%50.4%2.5%-5.2%-62.7K2.4M-48.4K9.8475.26N/AN/A7068915,86413,897
2025-02-28$11.23$11.0046.2%13.2%41.8%22.7%45.1%7.2%-3.8%-39.5K1.3M-51.6K0.0279.45N/AN/A259615,85014,517